Coastal Corporation Limited — Board Meeting, 29-05-2025: Outcome of Board Meeting

Coastal Corporation reported consolidated revenue of Rs. 631.81 Cr and net profit of Rs. 7.40 Cr for the year. The board approved a final dividend of Rs. 0.22 per share (face value Rs. 2). Managing Director Mr. T. Valsaraj is set for re-appointment, pending shareholder approval. The company confirmed proper utilization of funds from its Rs. 42.40 Cr rights issue. Despite a qualified audit opinion on standalone results due to a foreign subsidiary’s investment, management expects no loss as the subsidiary plans a buyback within a year.