Coastal Corporation Board Approves FY26 Results, Dividend, Ethanol Plant

1. Financial Results Approval

Approved audited Standalone and Consolidated Financial Results for the 4th quarter and financial year ended on 31st March 2026.

2. Dividend Recommendation

Recommended a Final Dividend of ₹0.28 (14%) per equity share of ₹2 each for the financial year 2025-2026.

3. Director Appointments and Re-appointments

Re-appointment of Dr. E. Sankara Rao (Non-Executive; Independent Director) who retires by completion of five-year term on 30th June 2026, subject to shareholder approval at ensuing AGM.
Appointment of Mr. N. S. Narayan Rao as Additional Director (Non-Executive Director, Independent Category) on 30th May 2026, subject to shareholder approval at ensuing AGM.
Appointment of Ms. Vineesha Valsaraj as Additional Director (Non-Executive Director, Non-Independent Category) on 30th May 2026, subject to shareholder approval at ensuing AGM.
All director appointments include required SEBI Circular disclosures (Annexure).

4. Ethanol Manufacturing Plant Project

Approved setting up of 300 KLPD (Kilo Litres Per Day) Ethanol Manufacturing Plant at Kalahandi District, Odisha.
Project to be established in wholly owned subsidiary M/s. Coastal Biotech Private Limited.
Estimated project cost: approximately ₹350 Crores (Rupees Three Hundred Fifty Crores only).

5. Compliance Note

Board took note of the quarterly and yearly compliances submitted to the stock exchanges.

Dr. E. Sankara Rao

Not debarred from holding office of Director by virtue of any SEBI order or other authority
Satisfies criteria of independence prescribed under Companies Act, 2013 and Listing Regulations
Not inter se related to any other Director of the Company
Holds ten directorships in other companies
Member of Audit Committee in other companies
Attended 5 Board Meetings during FY 2025-26
Educational background: Administration from Pondicherry University
Expertise spans engineering systems, infrastructure finance, artificial intelligence risk applications, analysis, and strategic management
Strengthened managerial and business acumen by completing Post Graduate Diploma in Business

Mr. N. S. Narayan Rao

Not debarred from holding office of Director by virtue of any SEBI order or other authority
Satisfies criteria of independence prescribed under Companies Act, 2013 and Listing Regulations
Not inter se related to any other Director of the Company
Holds three directorships in other companies
Currently pursuing an advanced 10-week ESG certification program
Commitment to responsible finance, governance excellence, and emerging global financial standards
Focus on climate change and sustainability frameworks

Ms. Vineesha Valsaraj

Not debarred from holding office of Director by virtue of any SEBI order or other authority
Daughter of Mr. T. Valsaraj, Managing Director and Ms. Feeja Valsaraj, Director of the Company
Educational journey reflects blend of global outlook, entrepreneurial mindset, and managerial expertise across diverse business environments

Unit I: Survey No. 173/2, Marikavalasa Village, Madhurawada, Visakhapatnam
Unit II: Survey No. 87, P. Dhannavaram Village, S. Rayavaram Mandalam, Yelamachili, Visakhapatnam
Unit III: Plot No: D7&8, Survey No. 208,209 Ponnada Village, Kakinada SEZ East Godavari