Coastal Corporation Limited has informed the Exchange - Intimation of Regulation 30 - Change in Management
COASTCORP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.4 pts more than Nifty Microcap 250 and 4.0 pts more than its Seafood peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Coastal Corporation Limited has informed the stock exchanges about three management changes approved by shareholders at its 44th Annual General Meeting held on September 26, 2025. First, Mr. Valsaraj Thottoli, one of the two promoters of the company, has been re-appointed as Managing Director for a fresh term of five years effective September 29, 2025; he was last re-appointed in 2020 and brings over four decades of experience in marine exports. Second, Mr. Vasantharao Satya Venkata Rao (DIN: 00334394), a former Deputy Managing Director of SIDBI with 32 years of experience in MSME and project finance, has been appointed as an Independent Director for five years. Third, CS Sekhar Babu, a practicing Company Secretary with 30 years of experience, has been appointed as Secretarial Auditor for a five-year term.
These are routine governance actions with no material impact expected on the stock price. The re-appointment of the promoter-MD signals leadership continuity, while the new Independent Director adds strong financial and legal expertise to the board.