Coastal Corporation Board Approves FY26 Results, Recommends 14% Dividend, and Plans Ethanol Plant
Coastal Corporation Limited's Board approved FY26 audited results and recommended a 14% final dividend (₹0.28/share). The company will set up a ₹350 Crore ethanol plant in Odisha. Key re-appointments and new director appointments were also approved.
The approval of financial results, dividend recommendation, director appointments, and a significant capital expenditure for a new ethanol plant are material events that will likely impact investor sentiment and the company's future performance.
The company announced positive financial results, recommended a dividend, and approved a significant new project, indicating growth and positive future outlook.
Coastal Corporation Limited announced the outcome of its Board Meeting held on May 30, 2026. The Board approved the audited standalone and consolidated financial results for the fourth quarter and the financial year ended March 31, 2026.
Additionally, the Board recommended a final dividend of ₹0.28 per equity share (14%) for the financial year 2025-2026. The company also approved the re-appointment of Dr. E. Sankara Rao as a Non-Executive Independent Director, whose term ends on June 30, 2026, subject to shareholder approval at the ensuing AGM. Mr. N. S. Narayan Rao and Ms. Vineesha Valsaraj were appointed as Additional Directors (Non-Executive Independent and Non-Executive Non-Independent, respectively), also subject to shareholder approval at the AGM.
Further, the Board approved a significant expansion plan: setting up a 300 KLPD Ethanol Manufacturing Plant in Kalahandi District, Odisha, through its wholly-owned subsidiary, Coastal Biotech Private Limited, at an estimated project cost of approximately ₹350 Crores.
The Board also noted the quarterly and yearly compliances submitted to the stock exchanges. The meeting commenced at 5:00 PM and concluded at 8:00 PM.
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Coastal Corporation Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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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.