Coastal Corporation Limited has scheduled its 45th Annual General Meeting (AGM) for Thursday, August 27, 2026, to be conducted exclusively through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The company has opened a remote e-voting window from Monday, August 24, 2026, at 9:00 A.M. IST, until Wednesday, August 26, 2026, at 5:00 P.M. IST, allowing shareholders to cast their votes before the meeting commences at 10:00 A.M. on the day of the event.

The AGM notice was dispatched electronically on August 4, 2026, in compliance with Section 108 of the Companies Act, 2013, and various Ministry of Corporate Affairs (MCA) and SEBI circulars, including General Circular No. 03/2025 dated September 22, 2025. Shareholders holding equity shares on the record date of Thursday, August 20, 2026, are eligible to participate in the e-voting process and attend the meeting. The deemed venue for the AGM is the company’s registered office in Visakhapatnam.

E-Voting and Participation Details

Bigshare Services Private Limited has been engaged to facilitate both the VC/OAVM participation and the e-voting mechanism. Shareholders who have already cast their votes via remote e-voting may still join the AGM but will not be permitted to vote again during the meeting. Those who have not voted remotely can exercise their voting rights during the live session.

The cut-off date for determining eligibility for e-voting is August 20, 2026. Individuals who become shareholders after the dispatch of the AGM notice but hold shares as of this cut-off date can obtain login credentials by contacting Bigshare Services at ivote@bigshareonline.com or bsshyd@bigshareonline.com . For technical queries regarding the i-Vote module, investors may refer to the FAQs available at https://ivote.bigshareonline.com or call 1800 22 54 22.

Financial Context and Governance

The upcoming AGM follows the board meeting held on August 3, 2026, where the directors approved the unaudited financial results for Q1FY27. On a consolidated basis, Coastal Corporation reported a net profit of ₹1,157.40 lakhs, up from ₹575.52 lakhs in Q1FY26, while consolidated revenue rose to ₹26,215.27 lakhs from ₹18,514.23 lakhs. Standalone net profit remained relatively flat at ₹547.51 lakhs against ₹545.60 lakhs in the prior year period, despite a decline in standalone revenue to ₹13,744.06 lakhs from ₹17,134.32 lakhs.

In addition to financial approvals, the board sought shareholder approval for the re-appointment of Mrs. Jeeja Valsaraj as a director retiring by rotation. Statutory auditors Brahmayya & Co., Chartered Accountants, highlighted a non-provision of impairment loss allowance on the investment in wholly-owned foreign subsidiary Seacrest Seafoods, Inc., amounting to ₹2,500.00 lakhs as of June 30, 2026. The Board maintains the investment is not impaired due to expected refunds from the US government, leading the auditors to qualify their opinion on this specific matter.

Coastal Corporation reported a consolidated net profit of ₹26.66 crore for the financial year ended March 31, 2026, marking a substantial increase from the ₹4.48 crore recorded in FY25. The company’s total revenue rose to ₹995.29 crore, up from ₹639.32 crore in the prior year, driven by the successful commercialization of its grain-based ethanol plant and sustained growth in seafood exports. This performance underscores the effectiveness of the company’s diversification strategy into renewable energy alongside its core shrimp processing operations.

The Board of Directors recommended a final dividend of ₹0.28 per equity share, representing 14% of the nominal value, subject to shareholder approval at the 45th Annual General Meeting (AGM) scheduled for August 27, 2026. The record date for determining dividend entitlement is fixed for August 20, 2026. Shareholders are advised that dividend payments will be made exclusively through electronic mode, with physical shareholders required to update their KYC and bank details with the Registrar and Transfer Agent, Bigshare Services Private Limited, to ensure timely credit.

On a standalone basis, Coastal Corporation achieved a net profit of ₹13.50 crore, compared to ₹7.40 crore in FY25. Revenue from operations stood at ₹686.24 crore, reflecting a 11.95% year-on-year growth. The company maintained its focus on operational efficiency and cost optimization, navigating global trade challenges including reciprocal tariffs imposed by the United States. Management noted that the subsequent reduction of these tariffs to 10% and expected refunds have improved the outlook for its US-facing export operations.

Financial Performance Overview

The consolidated results highlight the transformative impact of the ethanol segment. Coastal Biotech Private Limited, the wholly-owned subsidiary responsible for ethanol production, contributed significantly to the top-line growth, generating turnover of ₹244.73 crore in its first full year of commercial operations. This diversification has reduced the group’s dependence on the volatile seafood commodity cycle.

What the Numbers Show

A key analytical observation from the filing is the divergence between standalone and consolidated profitability drivers. While the standalone seafood business delivered steady growth, the exponential jump in consolidated net profit (nearly five-fold) is attributable to the high-margin contribution from the ethanol plant and the turnaround of Seacrest Seafoods Inc., the US subsidiary. Seacrest reported a profit of ₹4.85 lakh, reversing a loss of ₹26.70 lakh in the previous year, aided by an expected refund of reciprocal tariffs paid to the US government. This indicates that the group’s future earnings stability will increasingly rely on the synergies between its domestic manufacturing capabilities and international trading arms.

Governance and Regulatory Updates

The AGM will also see the re-appointment of Dr. Emandi Sankara Rao as an Independent Director for a second term of five years, commencing June 30, 2026. Ms. Vineesha Valsaraj and Mr. N. S. Narayan Rao will be appointed as Non-Executive Non-Independent and Independent Directors, respectively. The company seeks shareholder approval for related party transactions entered into during the year, which were conducted at arm’s length.

Statutory auditors, Brahmayya & Co., issued a qualified opinion on the standalone financial statements regarding the non-provision of impairment loss allowance on the investment in Seacrest Seafoods Inc., amounting to ₹30.10 crore. The Board maintains that the investment is not impaired due to the anticipated tariff refund from the US government, which is expected to substantially improve Seacrest’s financial position. The secretarial audit report highlighted minor delays in filing certain forms with the Ministry of Corporate Affairs, which were regularized upon payment of additional fees.