Coastal Corporation Limited — Credit Ratings, 07-08-2026: Credit Rating

CARE Ratings has downgraded Coastal Corp's bank facilities totaling ₹341.78 Cr to CARE D. This action, from the previous CARE BB; Stable (long-term) and CARE BB; Stable / CARE A4 (long-term/short-term), reflects deteriorating operational and financial performance in FY26, alongside delays in submitting the FY26 annual report.