Coastal Corporation Announces 45th AGM on Aug 27, 2026, to Approve Dividend
Coastal Corporation Limited will hold its 45th AGM on August 27, 2026, via VC/OAVM. Shareholders will vote on adopting FY26 financial statements and declaring a dividend of ₹0.28 per share. Key director appointments and re-appointments are also on the agenda, along with approval of related party transactions.
The AGM is a significant corporate event involving shareholder decisions on dividends and director appointments, which can impact governance and future strategy. The dividend declaration is a direct financial impact for shareholders.
The announcement is a routine corporate event (AGM) and contains standard agenda items like financial statement adoption, dividend declaration, and director appointments. There is no significantly positive or negative news.
Coastal Corporation Limited has announced that its 45th Annual General Meeting (AGM) will be held on Thursday, August 27, 2026, at 10:00 a.m. IST, through Video Conferencing/Other Audio-Visual Means (OAVM). The company has also submitted its Annual Report for the financial year 2025-26 along with the Notice of the AGM.
During the AGM, shareholders will consider and adopt the financial statements for the year ended March 31, 2026. A key agenda item is the declaration of a dividend of ₹0.28 per equity share (14%) for FY 2025-26, subject to shareholder approval.
The meeting will also address the appointment of directors. Smt. Jeeja Valsaraj will retire by rotation and offer herself for re-appointment. Additionally, Dr. Emandi Sankara Rao is proposed for re-appointment as a Non-Executive Independent Director for a second term of five years. Ms. Vineesha Valsaraj is proposed to be appointed as a Non-Executive Non-Independent Director, and Mr. N S Narayan Rao is proposed for appointment as an Independent Director for a term of five years.
Furthermore, shareholders will be asked to approve related party transactions for the financial year 2026-27. The Board of Directors has recommended the dividend, which, if approved, will be paid on or from September 9, 2026. The record date for determining eligible shareholders for the dividend is August 20, 2026. The company has also provided detailed instructions for e-voting, which will commence on August 24, 2026, and conclude on August 26, 2026.
What to do with a filing like this
Coastal Corporation Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Coastal Corporation Limited. Read the original for the full detail.