Coastal Corporation Limited — Important, 09-04-2025: General Updates

The United States has imposed a 26% tariff on certain imported products from India, including shrimp, which could impact the seafood export industry. However, this shift may create opportunities for Indian exporters as it levels the playing field against competitors like Vietnam and China, who face even higher tariff barriers on value-added products. Coastal Corporation believes that its cost competitiveness and production capabilities will enable it to capture additional market share in this environment. Ongoing discussions with U.S. buyers indicate that many are willing to absorb these increased costs, supporting continued demand for Indian seafood. Additionally, the company is diversifying its export markets, focusing on high-potential destinations like Japan and South Korea, as well as exploring opportunities in China, Russia, and Canada. Coastal Corporation is committed to navigating these challenges to create value for stakeholders and remains bullish on the long-term prospects of global seafood trade.