Board Meeting30 May 2026, 08:22 pm

Coastal Corp Recommends ₹0.28 Dividend; Approves Ethanol Plant

AI Summary

Coastal Corporation Ltd's board approved audited financial results for FY26, recommended a final dividend of ₹0.28 per share, and 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 plant in Odisha at an estimated cost of ₹350 Crores through its subsidiary, Coastal Biotech Private Limited.

Key Highlights

Final dividend of ₹0.28 (14%) per equity share of ₹2 approved for FY26.
Dr. E. Sankara Rao re-appointed as Non-Executive Independent Director.
Mr. N. S. Narayan Rao appointed as Additional Director (Non-Executive, Independent Category).
Ms. Vineesha Valsaraj appointed as Additional Director (Non-Executive, Non-Independent Category).
Approved 300 KLPD Ethanol plant in Odisha at ₹350 Crores via Coastal Biotech Private Limited.

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