Coastal Corporation reported a net profit of ₹1,350.24 lakh for the financial year ended March 31, 2026, compared to ₹739.99 lakh in the previous year. The Board of Directors recommended a final dividend of ₹0.28 per equity share of ₹2 each, translating to 14%, for FY26. The statutory auditors issued a modified opinion on the standalone financial results due to non-provision of impairment loss on an investment in a subsidiary, while the consolidated results received an unmodified opinion.

Financial Performance

Revenue from operations for the year stood at ₹70,706.05 lakh, up from ₹62,347.61 lakh in FY25. Total revenue increased to ₹70,706.05 lakh from ₹62,347.61 lakh. Total expenses for the year were ₹68,905.94 lakh compared to ₹61,319.73 lakh in the prior year. Profit before tax for FY26 was ₹1,800.11 lakh, a rise from ₹1,027.88 lakh in FY25.

Audit Qualification

Brahmayya & Co., Statutory Auditors, issued a qualified opinion on the standalone financial results. The qualification relates to Note No. 7 regarding the non-provision of an impairment loss allowance on an investment in M/s. Seacrest Seafoods Inc., a wholly owned foreign subsidiary, amounting to ₹3,009.86 lakhs as of March 31, 2026. The Board believes the investment does not suffer impairment as the subsidiary expects a substantial refund of tariffs paid to the US government based on a Supreme Court ruling. The auditors stated they are unable to express an opinion on this matter. The consolidated financial results received an unmodified opinion.

Board Decisions and Expansion

The Board approved the re-appointment of Dr. E. Sankara Rao as a Non-Executive Independent Director, subject to shareholder approval. Mr. N. S. Narayan Rao and Ms. Vineesha Valsaraj were appointed as Additional Directors in the Independent and Non-Independent categories respectively, effective May 30, 2026. Additionally, the Board approved a proposal to set up a 300 KLPD Ethanol Manufacturing Plant in Kalahandi District, Odisha, through its wholly owned subsidiary, Coastal Biotech Private Limited, at an estimated cost of ₹350 Crores.

Coastal Corporation Limited has notified the stock exchanges of a forthcoming Board of Directors meeting, scheduled for Saturday, May 30, 2026. The intimation, dated May 14, 2026, was filed with both the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited in compliance with Regulation 29. The meeting will address key financial and corporate matters pertaining to the fiscal year ended March 31, 2026.

Board Meeting Agenda

The Board of Directors will convene to deliberate on the following key agenda items during the May 30, 2026 meeting:

Trading Window Closure

In continuation of its previous intimation regarding the closure of the trading window, Coastal Corporation has informed that the trading window for all designated persons and their immediate relatives will remain closed until June 1, 2026. This closure extends to 48 hours after the conclusion of the Board Meeting scheduled on May 30, 2026, in accordance with applicable regulatory requirements.

The intimation was signed by Swaroopa Meruva, Company Secretary & Compliance Officer of Coastal Corporation Limited, and submitted to the listing compliance departments of both exchanges.