Submission of unaudited financial results for the quarter ended 30th June 2026.
RESULTS
▼ Concern Flagged
MEDIUM RISK
📅 Filed on BSE: 03 Aug 2026, 01:46 PM IST · BSE ID: d02e044c-d2cb-489e-9eaa-cce7a6df24ef
View Original BSE Filing (PDF)
💡
In Simple Terms
The company announced its first quarter financial results, reported profit, and set a date for its annual shareholder meeting and dividend.
🤖 AI Summary
- Board approved un-audited standalone and consolidated financial results for the quarter ended June 30, 2026.
- Standalone net profit for Q1 FY27 was Rs. 547.51 Lakhs; total revenue was Rs. 13,744.06 Lakhs.
- Re-appointment of Smt. Jeeja Valsaraj as Director was approved, subject to shareholder approval.
- 45th Annual General Meeting scheduled for August 27, 2026, to be held via video conference.
- Record date for final dividend entitlement for FY26 set as Thursday, August 20, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Standalone Revenue from Operations (Marine Products)
12,953.61 Lakhs
Not comparable — limited prior period data.
Standalone Total Revenue
13,744.06 Lakhs
Not comparable — limited prior period data.
Standalone Net Profit for the Period
547.51 Lakhs
Not comparable — limited prior period data.
Standalone Basic EPS
0.82
Not comparable — limited prior period data.
Investment in M/s. Seacrest Seafoods Inc.
2500.00 Lakhs
🏢 How This Affects the Company
The approval to register as a Trader with FCI for procurement of rice and other eligible food grains indicates a potential diversification or expansion of business operations beyond marine products.
The standalone net profit of Rs. 547.51 Lakhs for Q1 FY27 provides an updated financial performance metric for the current fiscal year.
The company's plan to register as a Trader with FCI could lead to new procurement and trading activities, potentially affecting existing supply chain and logistics processes.
The auditor noted non-provision of impairment loss allowance on investment of Rs. 2500.00 Lakhs in M/s. Seacrest Seafoods Inc., citing an inability to express an opinion on the matter.
👥 What This Means For Shareholders
✅
Action Required
Shareholders are not required to take immediate action, but those wishing to receive the FY26 final dividend must ensure shares are held by the record date.
👤
Who Is Affected
Shareholders on record as of August 20, 2026, will be entitled to the final dividend for FY26, if approved at the AGM. All shareholders are affected by the financial results and auditor's observation.
🔍
Management Signal
Management is pursuing business diversification by registering with FCI, but also taking a stance on the impairment of subsidiary investment, differing from the auditor's reservation.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Outcome of 45th Annual General Meeting on August 27, 2026, for dividend approval.
Details of final dividend payment within stipulated time after AGM approval.
Updates on the expected refund from US government for M/s. Seacrest Seafoods Inc.
MEDIUM RISK
Auditor's inability to express an opinion on significant impairment loss for a subsidiary represents a financial reporting risk.
💡 Investor Takeaway
Coastal Corporation reported a standalone net profit of Rs. 547.51 Lakhs for the quarter ended June 30, 2026. The auditor raised concerns about a non-provisioned impairment loss of Rs. 2500.00 Lakhs on a subsidiary investment. Record date for FY26 final dividend is August 20, 2026.
⚖️ Strengths & Concerns
✅ Positives
- Standalone net profit for Q1 FY27 was Rs. 547.51 Lakhs, a significant increase from Rs. 26.33 Lakhs in Q4 FY26.
- Company plans to register as a Trader with FCI for procurement of rice and other eligible food grains, indicating business expansion.
⚠️ Concerns
- Auditor could not express an opinion on the non-provision of impairment loss allowance of Rs. 2500.00 Lakhs for investment in M/s. Seacrest Seafoods Inc.
- The proposal for buy-back of shares by wholly-owned subsidiary Seacrest Seafoods Inc. has been dropped due to market volatility and expiry of MOU.
📅 Company Track Record
No previous filings found for Coastal Corporation Ltd for historical context. The current filing establishes baseline financial performance and corporate governance activities.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Coastal Corporation Ltd's standalone net profit in Q1 FY27?
Coastal Corporation Ltd reported a standalone net profit of Rs. 547.51 Lakhs for the quarter ended June 30, 2026.
What was Coastal Corporation Ltd's total standalone revenue for Q1 FY27?
Coastal Corporation Ltd's total standalone revenue for the quarter ended June 30, 2026, was Rs. 13,744.06 Lakhs.
What is the record date for Coastal Corporation Ltd's FY26 final dividend?
The record date for determining entitlement to Coastal Corporation Ltd's final dividend for the financial year ended March 31, 2026, is Thursday, August 20, 2026.
What concern did the auditor raise regarding Coastal Corporation Ltd's financial results?
The auditor noted the non-provision of impairment loss allowance on an investment of Rs. 2500.00 Lakhs made in M/s. Seacrest Seafoods Inc., stating they were unable to express an opinion on the matter.
What new business activity is Coastal Corporation Ltd pursuing?
Coastal Corporation Ltd's board approved to register the company as a Trader with FCI (Food Corporation of India) for procurement of rice and other eligible food grains.
Questions based on this BSE filing only. For information purposes.