Coastal Corporation Limited has fixed Thursday, August 20, 2026, as the record date for determining the entitlement of members to the final dividend for the financial year ended March 31, 2026. The company’s Board of Directors approved this date during its meeting on August 3, 2026, which also coincided with the approval of unaudited financial results for Q1FY27. The final dividend is subject to shareholder approval at the upcoming Annual General Meeting (AGM).

The 45th Annual General Meeting of Coastal Corporation is scheduled to be held on Thursday, August 27, 2026, at 10:00 A.M. via video conference or other audio-visual means (VC/OAVM). Shareholders holding equity shares on the record date will be eligible to receive the declared dividend, pending ratification by the general body of shareholders. This procedural step ensures compliance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Context: Q1FY27 Results

The board meeting that fixed the dividend record date also approved the consolidated and standalone financial results for the quarter ended June 30, 2026. On a consolidated basis, Coastal Corporation reported a net profit of ₹1,157.40 lakhs, a significant increase from ₹575.52 lakhs in Q1FY26. Consolidated revenue rose to ₹26,215.27 lakhs from ₹18,514.23 lakhs in the year-ago period.

On a standalone basis, net profit was ₹547.51 lakhs, marginally up from ₹545.60 lakhs in Q1FY26. However, standalone revenue declined to ₹13,744.06 lakhs from ₹17,134.32 lakhs. The divergence between consolidated and standalone performance highlights the contribution of subsidiaries, particularly Continental Fisheries India Limited and Seacrest Seafoods, Inc.

Corporate Governance and Auditor Notes

In addition to financial approvals, the board approved the re-appointment of Mrs. Jeeja Valsaraj as a director, who retires by rotation. She is eligible for re-appointment subject to shareholder approval at the AGM. The board also authorized registration with the Food Corporation of India (FCI) as a trader for procuring rice and other eligible food grains, expanding the company’s procurement capabilities.

Statutory auditors Brahmayya & Co., Chartered Accountants, highlighted a matter regarding the investment in wholly-owned foreign subsidiary Seacrest Seafoods, Inc. They noted the non-provision of an impairment loss allowance on the investment amounting to ₹2,500.00 lakhs as of June 30, 2026. The Board maintains that the investment is not impaired, citing expected substantial refunds from the US government related to reciprocal tariffs. Consequently, the auditors were unable to express an opinion on this specific matter, though the consolidated review report remained unmodified.

Coastal Corporation Ltd has scheduled a series of in-person meetings with analysts and institutional investors during the week commencing June 23, 2026. The meetings will be led by Mr. Thottoli Valsaraj, Managing Director of the company, and will take place at the respective offices of the investors. The sessions will be moderated by a representative from InCred.

The investor group includes prominent asset management companies such as SBI AMC, Old Bridge AMC, and Kotak AMC. The company stated that the schedule is subject to change due to exigencies on the part of the analysts, investors, or the company.

Meeting Participants

The following institutional investors are scheduled to meet with the management:

Disclosure Guidelines

Coastal Corporation clarified that no unpublished price sensitive information (UPSI) will be disclosed during these meetings. The discussions are intended to be based on the general business outlook and information already available in the public domain. The disclosure was made in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.