Coral India Finance & Housing Limited shareholders approved a final dividend of 20 paise per equity share for FY26 during the company’s 32nd annual general meeting held on September 11, 2026. The payout represents a 10% dividend on the face value of ₹2 per share.

The meeting, conducted via video conference, also saw the reappointment of Mrs. Meeta Sheth as a director liable to retire by rotation. All three ordinary resolutions were passed with requisite majority.

Voting Results

The voting process included remote e-voting from September 8 to September 10, 2026, followed by electronic voting during the AGM. A total of 58 members attended the meeting through video conferencing: 5 from the promoter group and 53 from the public category.

Out of 40,302,225 total shares eligible to vote, approximately 30.35 million votes were polled, representing roughly 75.3% of outstanding shares. The promoter group voted unanimously in favor of all resolutions, holding 30,208,570 shares.

Governance Details

Mr. Navin Doshi, Chairman and Managing Director, chaired the proceedings. The Company Secretary, Mrs. Riya Shah, informed members that the audited financial statements for the year ended March 31, 2026, were taken as read since they had been previously circulated. The audit reports contained no qualifications or adverse remarks.

Uma Lodha & Co., Practicing Company Secretaries, served as the scrutinizer for the voting process. The combined report confirmed that all resolutions were passed fairly and transparently in compliance with SEBI Listing Regulations and the Companies Act, 2013.

Coral India Finance and Housing Limited has scheduled its 32nd Annual General Meeting (AGM) for Friday, September 11, 2026. The meeting will be conducted via Video Conference or Other Audio-Visual Means (OAVM) from its registered office in Mumbai.

The remote e-voting period commences on Tuesday, September 8, 2026, at 9:00 am and concludes on Thursday, September 10, 2026, at 5:00 pm. Shareholders holding shares as of the cut-off date, Friday, September 4, 2026, are eligible to vote electronically through the National Securities Depositories Limited (NSDL) system.

Financial Performance for FY26

For the financial year ended March 31, 2026, Coral India Finance reported a total income of ₹2,048.42 lakh, a decline of 21.13% from ₹2,597.06 lakh in FY25. Profit after tax (PAT) fell by 15.46% to ₹1,478.62 lakh from ₹1,749.01 lakh in the previous year. Earnings per share (EPS) decreased to ₹3.67 from ₹4.34.

The decline in profitability was primarily attributable to fluctuations in market-linked investment income. Income from financial investments (excluding rental income) stood at ₹1,093.90 lakh, down 23.97% from ₹1,438.70 lakh in FY25. Conversely, rental income from investment properties grew by 5.79% to ₹954.52 lakh from ₹902.31 lakh.

Balance Sheet and Liquidity

The company maintained a debt-free balance sheet with strong liquidity. Liquid assets stood at ₹13,620.74 lakh as of March 31, 2026, an increase from ₹12,459.35 lakh in the previous year. Cash and cash equivalents rose significantly to ₹1,973.43 lakh from ₹1,587.93 lakh. Current liabilities decreased to ₹323.73 lakh from ₹396.33 lakh, improving the current ratio to 45.49 times from 34.14 times.

Corporate Governance and Dividend Details

The Board of Directors, at its meeting on May 25, 2026, recommended a final dividend of ₹0.20 per equity share of face value ₹2 each for the financial year ended March 31, 2026. This recommendation is subject to shareholder approval at the AGM. If approved, the dividend will be paid on or before October 10, 2026, with a record date of August 28, 2026.

The AGM agenda includes the adoption of audited standalone financial statements for FY26 and the re-appointment of Mrs. Meeta Sheth as a Non-Executive Director, liable to retire by rotation. The company continues to adhere to SEBI guidelines, mandating electronic payment of dividends only to shareholders with updated bank mandates. Tax at source (TDS) will be deducted as per the Income Tax Act, 2025.

Shareholders holding shares in physical form are advised to update their KYC and bank details with the Registrar and Share Transfer Agent, MUFG Intime India Pvt. Ltd., to ensure timely receipt of dividends. Those without registered email addresses will receive access links via postal mail.

What the Numbers Show

The divergence between operating rental income growth (5.79%) and overall revenue decline (21.13%) highlights the company's heavy reliance on volatile capital markets for its top line. While the core real estate asset base generated stable cash flows, the significant drop in financial investment income drove the broader contraction in earnings, underscoring the sensitivity of the company's profit model to market conditions.