Board Meeting30 May 2026, 08:31 pm
Coastal Corp Recommends ₹0.28 Dividend; Sets Up Ethanol Plant
AI Summary
Coastal Corporation Ltd's board approved audited financial results for the year ended March 31, 2026, recommending a final dividend of ₹0.28 per share. 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, they approved setting up a 300 KLPD Ethanol plant in Odisha at a cost of approximately ₹350 Crores through its subsidiary.
Key Highlights
- Final dividend of ₹0.28 (14%) per equity share approved for FY26.
- Dr. E. Sankara Rao re-appointed as Non-Executive Independent Director.
- Mr. N. S. Narayan Rao appointed as Additional Non-Executive Independent Director.
- Ms. Vineesha Valsaraj appointed as Additional Non-Executive Director.
- 300 KLPD Ethanol plant to be set up in Odisha at a cost of ₹350 Crores.
Price Impact
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