Outcome of the Board Meeting held on 30th May, 2026
COASTCORP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Coastal Corporation Ltd's Board approved Q4 and FY2026 audited financial results, recommended a final dividend of Rs. 0.28 per share (14% on Rs. 2 face value) for FY 2025-26. The Board also approved setting up a 300 KLPD Ethanol Manufacturing Plant in Kalahandi District, Odisha at an estimated cost of Rs. 350 crores through its wholly owned subsidiary Coastal Biotech Private Limited. Additionally, Dr. E. Sankara Rao was reappointed as Independent Director, and Mr. N. S. Narayan Rao and Ms. Vineesha Valsaraj were appointed as Additional Directors, all subject to shareholder approval at the ensuing AGM.
The Rs. 350 crore ethanol plant investment signals a major diversification into the biofuels sector, which could drive long-term growth. The dividend announcement provides near-term shareholder returns, though the related-party appointment of Ms. Vineesha Valsaraj (daughter of Managing Director) may attract regulatory scrutiny.