Board approves final dividend for the FY 2025-26
COASTCORP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Coastal Corporation Limited's Board of Directors approved a final dividend of Rs. 0.28 per equity share (14% on face value of Rs. 2 each) for FY 2025-26, subject to shareholder approval at the AGM. The board also approved audited standalone and consolidated financial results for Q4 and FY ended 31 March 2026. Additionally, the board reappointed Dr. E. Sankara Rao as Independent Director and appointed two new directors — Mr. N.S. Narayan Rao (Independent) and Ms. Vineesha Valsaraj (Non-Executive, related to Managing Director). Separately, the board approved setting up a 300 KLPD Ethanol Manufacturing Plant in Kalahandi District, Odisha at an estimated cost of INR 350 crores, to be set up through wholly owned subsidiary Coastal Biotech Private Limited.
The final dividend of Rs. 0.28 per share is modest and in line with standard practice; it is not indicative of an extraordinary payout. The ethanol plant expansion signals growth investment, but the related-party appointment of Ms. Vineesha Valsaraj may attract shareholder scrutiny.