Dividend30 May 2026, 08:41 pm
Coastal Corp Approves ₹0.28 Final Dividend for FY26
AI Summary
Coastal Corporation Ltd's board approved a final dividend of ₹0.28 (14%) per equity share of ₹2 each for FY 2025-26. The board also approved the re-appointment of Dr. E. Sankara Rao and the appointment of Mr. N. S. Narayan Rao and Ms. Vineesha Valsaraj as Directors, subject to shareholder approval. Additionally, the board approved setting up a 300 KLPD Ethanol Manufacturing Plant in Odisha at an estimated cost of ₹350 Crores through its subsidiary, Coastal Biotech Private Limited.
Key Highlights
- Final dividend of ₹0.28 per share (14%) approved for FY26.
- Dr. E. Sankara Rao re-appointed as Non-Executive Independent Director.
- N. S. Narayan Rao and Vineesha Valsaraj appointed as Additional Directors.
- Ethanol plant project approved in Odisha with ₹350 Crore investment.
- Audited financial results for Q4 and FY26 approved.
Price Impact
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