Coastal Corporation Ltd Directors Report

To,

The Members,

The Directors present this Annual Report of Coastal Corporation Limited along with the audited financial statements for the financial year ended March 31, 2026. The consolidated performance of the Company and its subsidiaries has been referred to wherever required.

1. FINANCIAL SUMMARY

(Rs. in lakhs)

	(STANDALONE)		(CONSOLIDATED)
Particulars	Year Ended 31.03.2026	Year Ended 31.03.2025	Year Ended 31.03.2026	Year Ended 31.03.2025
Revenue from Operations	68623.50	61299.88	97066.43	62821.87
Other Income	2082.55	1047.73	2462.33	1110.53
Total Income	70706.05	62347.61	99528.76	63932.40
Profit before Taxation	1800.11	1027.88	3486.14	751.14
Current Tax	458.26	200.00	458.26	214.88
Tax relating to earlier years	(18.82)	(8.93)	(18.65)	(8.91)
Deferred Tax Credit/(Charge)	10.43	96.82	380.84	97.00
Profit After Tax (PAT)	1350.24	739.98	2665.69	448.17
Total Other Comprehensive Income/Loss net of tax	(393.87)	29.51	(402.05)	16.88
Total Other Comprehensive Income for the year net of tax	956.37	769.49	2263.64	465.05

2. SUMMARY OF OPERATIONS & STATE OF COMPANYS AFFAIRS

On a consolidated basis, the Companys total revenue for FY 2026 was Rs. 97066.43 Lakhs as compared to the previous year revenue of Rs. 62821.87 Lakhs. The profit after tax (PAT) for FY 2026 and FY 2025 was Rs. 2263.64 Lakhs and Rs. 465.05 Lakhs, respectively.

On a Standalone basis, the Companys total revenue for FY 2026 was Rs. 68623.50 Lakhs as compared to the previous year revenue of Rs. 61299.88 Lakhs. The profit after tax (PAT) for FY 2026 and FY 2025 was Rs. 956.37 Lakhs and Rs. 769.49 Lakhs, respectively.

The standalone and consolidated financial statements of the Company for the financial year ended March 31,2026, have been prepared in accordance with the Indian Accounting Standards (Ind AS) as notified by the Ministry of Corporate Affairs and as amended from time to time.

3. SHARE CAPITAL

As on 31st March, 2026 the authorized capital of the Company is Rs. 25,00,00,000/- (Rupees Twenty-Five crores only) divided into 12,50,00,000 (Twelve crores fifty lakhs) equity shares of Rs. 2/- each.

The paid-up capital of the Company as on 31^st March 2026 stands at Rs. 13,39,54,460/- divided into 6,69,77,230 fully paid-up equity shares (Rs. 2/- per share).

4. DIVIDEND

The Company has voluntarily formulated a Dividend Distribution Policy which has been duly approved by the Board of Directors and is available on the Companys website at: www.coastalcorp.co.in

The Board of Directors of the Company at their meeting held on the 30^th May, 2026 recommended a Dividend of Rs. 0.28/- i.e., 14% on the nominal value of Equity Share of Rs. 2/- each which shall be declared subject to the shareholders approval at this Annual General Meeting. The dividend will be paid to all the eligible shareholders as on the record date i.e., 20^th August, 2026. As per the amended Income Tax Act, 1961, no dividend distribution tax is payable by the Company. Hence the dividend is taxable in the hands of the shareholders subject to tax deduction at source at the applicable rates.

5. AMOUNT TO BE CARRIED TO RESERVES

The Company has not transferred any amount to the reserves during the current financial year.

6. EMPLOYEE STOCK OPTION PLANS (ESOP)

There were no Options granted or vested or any shares issued on vesting during the year under the CCL ESOP Scheme - 2021("CCL Scheme - 2021").

7. SUBSIDIARIES/ASSOCIATES AND JOINT VENTURES

As on March 31, 2026, the Company has the following three wholly owned subsidiaries:

I) Continental Fisheries India Limited

II) Seacrest Seafoods Inc.

III) Coastal Biotech Private Limited

There has been no material change in the nature of the business of the subsidiaries. There are no associates or joint venture companies within the meaning of Section 2(6) of the Companies Act, 2013 ("Act").

Pursuant to Section 129(3) of the Companies Act, 2013, a separate statement containing salient features of the financial statement of three subsidiaries of the Company is annexed in the format of AOC-1 as Annexure - 1 to the Financial Statements of the Company.

The accounts of the above subsidiaries have been considered in the consolidated financial results of the Company. The Annual Audited Financial Statements of each of the subsidiary companies are placed on the Companys website.

8. PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES

All Related Party Transactions entered into by the Company during the financial year were in the ordinary course of business and on an arms length basis and were in compliance with the provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. All Related Party Transactions were reviewed and approved by the Audit Committee, and omnibus approvals were obtained for repetitive transactions in accordance with the applicable provisions of the Act and the SEBI Listing Regulations. The details of Related Party Transactions as required under the applicable accounting standards form part of the Notes to the Financial Statements included in this Annual Report.

Since all the Related Party Transactions entered into by the Company during the financial year were in the ordinary course of business and on an arms length basis, the disclosure in Form AOC-2 prescribed under Section 134(3)(h) of the Companies Act, 2013 read with Rule 8(2) of the Companies (Accounts) Rules, 2014 is not applicable.

9. DEPOSITS

The Company has not accepted any deposit from the public falling within the ambit of Section 73 of the Companies Act, 2013 and the Companies (Acceptance of Deposits) Rules, 2014.

10. STATUTORY AUDITORS & AUDITORS REPORT

At the 43^rd Annual General Meeting held on September 27, 2024, the Members approved the appointment of M/s. Brahmayya & Co., Chartered Accountants, Visakhapatnam (Registration No.000513S) to hold office from the conclusion of the 43^rd Annual General Meeting until the conclusion of the 48^th Annual General Meeting of the Company to be held in the year 2029. The Statutory Auditors were present in the last AGM.

There is a qualification made by the Statutory Auditors in their report on the Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026.

Details of Audit Qualification:

Attention is invited to Note No. 7 to the accompanying audited standalone financial results, regarding nonprovision of impairment loss allowance on investment made in "M/s. Seacrest Seafoods Inc.," wholly owned foreign subsidiary company amounting to Rs. 3009.86 lakhs as on 31.03.2026, as in the opinion of the Board of Directors the said investment does not suffer any impairment loss, as the company has accepted a request from "M/s. Seacrest Seafoods Inc.," to continue companys investment in its company, as it is expected to receive a substantial refund from the US government of reciprocal tariff, based on the Supreme Court of US. We are unable to express an opinion on the said matter.

Boards / Management Explanation:

The present investment in wholly owned subsidiary M/s Seacrest seafoods inc is negative thereby we have to provide impairment loss in M/s Coastal Corporation Limited. During the financial year, Seacrest has paid a 50% tariff to the Government of the United States on imports made into the USA. The supreme court of USA has instructed to struck off the tariff paid and it has to be refunded and hence the management of Seacrest has informed that the said tariff amount is expected to be refunded by the Government of the United States in due course; the refund is expected to substantially improve the profitability and financial position of Seacrest and contribute positively to its net profits over the next few financial years. In view of the above expected recovery and future business prospects, the Board is of the opinion that the investment made by the Company in Seacrest does not suffer from any impairment in value as at 31^st March 2026. Hence, we were of the opinion not to provide impairment loss in the books of accounts as explained above.

11. SECRETARIAL AUDITORS

Pursuant to the provisions of Section 204 of the Companies Act, 2013 and The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company has appointed Mr. A.V.V.S.S.Ch.B. Sekhar Babu, Practicing Company Secretary, Visakhapatnam to undertake the Secretarial Audit of the Company. The Secretarial Audit Report is annexed herewith as Annexure-2 to this report. The same does not contain any adverse remarks. The Company has appointed Mr. A.V.V.S.S.Ch.B. Sekhar Babu, Practicing Company Secretary, Visakhapatnam as the Secretarial Auditor for a period of Five years w.e.f. 26^th September, 2025.

SECRETARIAL AUDIT REPORT OF MATERIAL SUBSIDIARIES:

As per regulation 24(1) of SEBI Listing Regulations, the Company is required to annex the secretarial audit report of its material unlisted subsidiaries to its Annual Report. Coastal Biotech Private Limited (CBPL) and Continental Fisheries India Limited (CFIL) have been identified as Material Unlisted Subsidiaries of the Company for FY 202526 and accordingly the Company is annexing the Secretarial Audit Reports of CBPL and CFIL as Annexures 3A & 3B.

COMPLIANCE WITH SECRETARIAL STANDARD:

The Company has Complied with the applicable Secretarial Standards (as amended from time to time) on meetings of the Board of Directors issued by The Institute of Company Secretaries of India and approved by Central Government under section 118(10) of the Companies Act, 2013.

12. INTERNAL AUDITORS

The Board of Directors based on the recommendations of the Audit Committee have appointed M/s. Jaya & Lakshmi, Chartered Accountants, Visakhapatnam for the financial year 2026-27 who has to act in an independent manner and also responsible for regulatory and legal requirements relating to operational processes and internal systems. They report directly to the Board of Directors.

13. CREDIT & GUARANTEE FACILITIES

The Company has been availing credit and guarantee facilities from Bank of India, DBS Bank, Union Bank of India and HDFC Bank Visakhapatnam.

14. PARTICULARS REGARDING ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

The information on conservation of energy, technology absorption and foreign exchange earnings and outgo stipulated under Section 134(3)(m) of the Companies Act, 2013 read with Rule 8 of The Companies (Accounts) Rules,

2014, is annexed herewith as Annexure-4 to this report.

15. MANAGEMENT DISCUSSION ANALYSIS

Pursuant to the provisions of Regulation 34(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 a report on Management Discussion & Analysis is herewith annexed as Annexure-5 to this report.

16. CORPORATE GOVERNANCE

As per Regulation 34 of the Listing Regulations, a separate Report on corporate governance practices followed by your Company, along with a certificate from Practicing Company Secretary, on compliance with corporate governance norms under the Listing Regulations, forms part of this Annual Report as Annexure - 6, 7 & 8.

17. CORPORATE SOCIAL RESPONSIBILITY (CSR)

The brief outline of the Corporate Social Responsibility (CSR) Policy of the Company and the initiatives undertaken by the Company on CSR activities during the year are set out in Annexure - 9 of this Report. The policy is available on Companys website at www.coastalcorp.co.in.

18. ANNUAL RETURN

Pursuant to Section 92(3) of the Act and Rule 12 of the Companies (Management and Administration) Rules, 2014, the Annual Return for FY26 is uploaded on the website of the Company and the same is available on www.coastalcorp.co.in.

19. DIRECTORS AND KEY MANAGERIAL PERSONNEL

The below mentioned Directors are to be appointed or re-appointed in terms of applicable provisions of Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 at the 45^th Annual General Meeting to be held on August 27^th 2026:

(i) Mrs. Jeeja Valsaraj (Non-Executive, Non-Independent Director) liable to retire by rotation shall be reappointed.

(ii) Dr. Emandi Sankara Rao (Chairman, Non-Executive, Independent Director) on completion his first 5 years term, he is eligible to be re-appointed for 2^nd consecutive term of five years.

(iii) Mr. N S Narayan Rao (Non-Executive, Independent Director) was appointed as an additional director on 30^th May 2026 will hold office upto this 45^th AGM and shall be regularized as an Independent Director.

(iv) Ms. Vineesha Valsaraj (Non-Executive, NonIndependent Director) was appointed as additional director on 30^th May 2026 will hold office upto this 45^th AGM and shall be regularized as a Non-Executive Director.

Appointments/Re-appointments at this Annual General Meeting

As per the requirements of Regulation 36(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) and Clause 1.2.5 of the Secretarial Standard 2 (Revised) as issued by the Institute of Company Secretaries of India, a statement containing the requisite details of appointments/re-appointments is given below:

Mrs. Jeeja Valsaraj (01064411) and Dr. Emandi Sankara Rao (05184747)

Particulars	Details
Name	Mrs. Jeeja Valsaraj	Dr. Emandi Sankara Rao
Date of Birth	01-02-1964	31-12-1960
Age	62 years	65 years
Relationships with Directors inter-se	She is the wife of the Managing Director, Mr. Valsaraj Thottoli and mother of Ms. Vineesha Valsaraj, Non-Executive Director	Independent Director
Profile	Mrs. Jeeja Valsaraj, aged 62 years is the NonExecutive Director of our Company. She is the wife of the Managing Director, Mr. Valsaraj Thottoli. She has completed her post graduate diploma in Management and Fashion Technology. She is associated with our Company for 22 years. She has interest and experience in the varied areas of Administration, Social responsibility service, Fashion Technology, etc. She was appointed as an additional Non-Executive Director on October 01, 2004 and regularized as NonExecutive Director in Annual General Meeting held on September 30, 2005.	He is an alumnus of IIT Bombay (PhD), IIT Kharagpur (M. Tech), Pondicherry Central University (PGDBA) and Andhra University (B.E. Electrical Engineering). Three decades of experience and core experience in banking & infrastructure finance. Association with IDBI Bank, IDFC and subsequently with IIFCL have been well recognised by these financial mammoths of the Indian Economy. Extensive experience in Project & Corporate Finance, Fund Management, Investment Banking, Infrastructure Development and Long-Term Resource Raising (Domestic & Foreign Capital)
Qualification	Post Graduate in Management & Fashion Technology	IIT Bombay (PhD), IIT Kharagpur (M. Tech), Pondicherry Central University (PGDBA) and Andhra University (B.E. Electrical Engineering)
Experience & Expertise in specific function area	23 years	25 years
Remuneration last drawn by such person	Kindly refer to the Corporate Governance Report.	Kindly refer to the Corporate Governance Report.
Membership/ Chairmanship of committees of the Board of Directors of the Company	She is the Member of Audit Committee, Stakeholders Relationship Committee, Corporate Social Responsibility Committee and Nomination & Remuneration Committee of the Company. She is the chairperson of Corporate Social Responsibility Committee and Stakeholders Relationship Committee	Chairman of the Board of Directors of the company. Member in Audit Committee, Nomination & Remuneration Committee and Stakeholders Relationship Committee.
Other Directorships and Membership of other Boards	Nil	He holds directorships in another 10 comapnies
Shareholding	21,82,830 Fully Paid-Up Equity Shares	Nil
Pecuniary relationship directly or indirectly with the Company, or relationship with the Managerial Personnel, if any	Mrs Jeeja Valsaraj is not directly/indirectly related to any other Director and/or Key Managerial Personnel of the Company except with Mr. T. Valsaraj and Ms. Vineesha Valsaraj.	Dr Emandi Sankara Rao is not directly/indirectly related to any other Director and/or Key Managerial Personnel of the Company.

Ms. Vineesha Valsaraj (08338377) and Mr. N. S. Narayan Rao (11726147)

Particulars	Details
Name	Ms. Vineesha Valsaraj	Mr. N. S. Narayan Rao
Date of Birth	11-10-1991	29-05-1956
Age	34 years	70 years
Relationships with Directors inter-se	She is the daughter of the Managing Director, Mr. Valsaraj Thottoli and Non-Executive Director Mrs. Jeeja Valsaraj	Independent Director
Profile	A dynamic management professional with a strong academic foundation in business administration, leadership, and family business management. She also completed an academic program at London School of Economics and Political Science during June-September 2016, gaining valuable international exposure in economics, business, and global policy perspectives. Earlier, she earned a degree in Business Administration from GITAM Deemed University and pursued further academic studies at the Management Development Institute of Singapore.	An economics professional with a strong academic foundation, holding a Master of Arts in Economics and Bachelor of Arts (Economics Hons), complemented by diverse professional certifications in banking, governance, compliance, and sustainability. Certified in Indian Institute of Bankers (CAIIB). Possesses specialized knowledge in Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT), Islamic Banking Standards through AAOIFI, and Environmental, Social, and Governance (ESG) practices, including climate change and sustainability frameworks.
Qualification	Post Graduate Degree in Management from Indian School of Business LSE from The London School of Economics and Political Science, Business Administration from GITAM Deemed University, Management Development from Institute of Singapore	MA Economics, BA Economics and Other Certifications courses.
Experience & Expertise in specific function area	7 years	30 years
Remuneration last drawn by such person	She was appointed at the Board of Directors Meeting held on 30th May, 2026.	He was appointed at the Board of Directors Meeting held on 30th May, 2026.
Membership/ Chairmanship of committees of the Board of Directors of the Company	Nil	Nil
Other Directorships and Membership of other Boards	She holds directorships in another viz., Continental Fisheries India Limited, Coromandel Expopack Private Limited & Coastal Biotech Private Limited	Nil
Shareholding	25,10,665 Fully Paid-Up Equity Shares	Nil
Pecuniary relationship directly or indirectly with the Company, or relationship with the Managerial Personnel, if any	Ms Vineesha Valsaraj is not directly/indirectly related to any other Director and/or Key Managerial Personnel of the Company except with Mr. T. Valsaraj and Mrs. Jeeja Valsaraj.	Mr N S Narayan Rao is not directly/indirectly related to any other Director and/or Key Managerial Personnel of the Company.

Mr. M. V. Suryanarayana (DIN: 00372812), a Non-Executive Independent Director, ceased to be a Director of the Company with effect from 28^th September, 2025, upon completion of his two consecutive terms as per the applicable provisions under the Companies Act, 2013 and SEBI Regulations.

The Board of Directors places on record its deepest condolences on the sad demise of Mr. M. V. Suryanarayana on March 26, 2026, who served the Company with distinction as an Independent Director until the expiry of his tenure. During his association with the Company, he provided invaluable guidance, wisdom, and counsel, contributing significantly to the Companys governance and growth.

Key Managerial Personnel

In terms of Section 203 of the Act, the Key Managerial Personnel (KMPs) of the Company during FY 2025-26 are:

• Mr. Valsaraj Thottoli, Managing Director

• Mr. G.V.V. Satyanarayana, Chief Financial Officer, Whole-Time Director designated as Director-Finance

• Mrs. Swaroopa Meruva, Company Secretary & Compliance Officer

There was no resignation and removal of any Key Managerial Personnel during the year.

A brief profile of the Directors of the Company is annexed herewith as Annexure-10 to this report

20. PARTICULARS OF EMPLOYEES AS PER SECTION 197(12) UNDER RULE 5(2) OF THE COMPANIES (APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL) RULES, 2014

Disclosure pertaining to remuneration and other details as required under Section 197(12) of the Act read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is annexed to the Report as Annexure-11.

Statement containing particulars of top 10 employees and the employees drawing remuneration in excess of limits prescribed under Section 197 (12) of the Act read with Rule 5(2) and (3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is provided in the Annexure forming part of this report.

21. DIRECTORS RESPONSIBILITY STATEMENT AS REQUIRED UNDER SECTION 134 (3) (c) OF THE COMPANIES ACT, 2013

Pursuant to Section 134 (5) of the Companies Act, 2013, your Directors confirm that to the best of their knowledge and ability confirm that:

(a) In the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures;

(b) They have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit and loss of the company for that period;

(c) They have taken proper and sufficient care towards the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

(d) They have prepared the annual accounts for the financial year 2025-26 on a going concern basis;

(e) They have laid down internal financial controls to be followed by the Company and such internal financial controls are adequate and are operating effectively; and

(f) They have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

Based on the framework of internal financial controls and compliance systems established and maintained by the Company, the work performed by the internal, statutory and secretarial auditors and external consultants, including the audit of internal financial controls over financial reporting by the statutory auditors and the reviews performed by management and the relevant board committees, including the audit committee, the Board is of the opinion that the Companys internal financial controls were adequate and effective during FY 2025-26.

22. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS/COURTS OR TRIBUNALS:

There are no significant material orders passed by the Regulators or Courts or Tribunal, which would impact the going concern status of the Company and its future operation.

23. CHANGE IN THE NATURE OF BUSINESS, MATERIAL CHANGES AND COMMITMENT:

During the year under review, there is no change in nature of the business of the Company. There were no material changes and commitments affecting the financial position of the Company that have occurred between the end of the financial year to which the financial statements relate and the date of this report unless otherwise stated in the report.

24. VIGIL MECHANISM / WHISTLE BLOWER POLICY:

The Company is committed to conducting its business with the highest standards of ethical conduct, integrity, transparency and accountability. In compliance with the provisions of Section 177(9) and Section 177(10) of the Companies Act, 2013 read with Regulation 22 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has established a Vigil Mechanism/Whistle Blower Policy for its directors and employees to report genuine concerns relating to unethical behaviour, actual or suspected fraud, violations of the Companys Code of Conduct or any other improper practices.

The Vigil Mechanism provides adequate safeguards against victimisation of persons who use the mechanism and ensures direct access to the Chairperson of the Audit Committee in appropriate or exceptional cases. During the year under review, no person was denied access to the

Audit Committee. The Whistle Blower Policy is available on the Companys website at www.coastalcorp.co.in.

25. RISK MANAGEMENT:

The Board of Directors has overall responsibility for overseeing the Companys risk management framework and ensuring that appropriate systems are in place to identify, assess, monitor and mitigate risks that may impact the Companys business and operations. The Board periodically reviews the Companys risk management processes, risk appetite and the effectiveness of mitigation measures implemented by the management.

The Company has established a robust risk management framework to identify and evaluate strategic, operational, financial, regulatory and other business risks. Risks are reviewed on a continuous basis, and suitable mitigation plans are implemented by the management to minimize their potential impact. The Board and the management regularly monitor the key risks and the effectiveness of the risk mitigation measures to ensure the Companys long-term sustainability and achievement of its business objectives.

26. POLICY ON DIRECTORS APPOINTMENTS AND REMUNERATION, INCLUDING CRITERIA FOR DETERMINING QUALIFICATIONS, POSITIVE ATTRIBUTES, ETC.

The Companys policy (salient features) on Directors remuneration and other matters provided in Section 178(3) of the Companies Act, 2013 has been briefly disclosed hereunder and in the Report on Corporate Governance, which is a part of this Report.

Selection and procedure for nomination and appointment of Directors

The NRC is responsible for developing competency requirements for the Board based on the industry and strategy of the Company. The Board composition analysis reflects in-depth understanding of the Company, including its strategies, environment, operations, financial condition and compliance requirements.

The NRC conducts a gap analysis to refresh the Board on a periodic basis, including each time a Directors appointment or re- appointment is required. The NRC reviews and vets the profiles of potential candidates visa-vis the required competencies, undertakes due diligence and meeting potential candidates, prior to making recommendations of their nomination to the Board.

Criteria for determining qualifications, positive attributes and independence of a Director

In terms of the provisions of Section 178(3) of the Act, and Regulation 19 of the SEBI Listing Regulations, the NRC has formulated the criteria for determining qualifications, positive attributes and independence of Directors, the key features of which are as follows:

• Qualifications - The Board nomination process encourages diversity of thought, experience, knowledge, age and gender. It also ensures that the Board has an appropriate blend of functional and industry expertise.

• Positive Attributes - Apart from the duties of Directors as prescribed in the Act the Directors are expected to demonstrate high standards of ethical behaviour, communication skills and independent judgment. The Directors are also expected to abide by the respective Code of Conduct as applicable to them.

Independence - A Director will be considered independent if he/she meets the criteria laid down in Section 149(6) of the Act, the Rules framed thereunder and Regulation 16(1)(b) of the SEBI Listing Regulations.

The Directors affirm that the remuneration paid to Directors, KMPs and employees is as per the Remuneration Policy of the Company.

27. PARTICULARS OF LOANS, GUARANTEES AND INVESTMENTS PURSUANT TO SECTION 186 OF THE COMPANIES ACT, 2013

Pursuant to Section 186 of the Companies Act, 2013 and Schedule V of the Listing Regulations, disclosure on particulars relating to Loans, Advances, Guarantees and Investments are provided as part of the financial statements.

28. ANNUAL EVALUATION OF BOARD PERFORMANCE AND PERFORMANCE OF ITS COMMITTEES AND OF DIRECTORS

The annual evaluation process of the Board of Directors and Committees was conducted in accordance with the provisions of the Act and the SEBI Listing Regulations.

29. PREVENTION, PROHIBITION AND REDRESSAL OF SEXUAL HARASSMENT AT WORK PLACE:

The Company is committed to providing a safe, secure and conducive work environment that is free from discrimination, harassment and intimidation. Women safety is at forefront of the Coastal Corporation Limited. The company is committed to providing a safe, secure, respectful, and conducive work environment that is free from discrimination, harassment, and intimidation. The Company complies with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 ("POSH Act") and the rules made thereunder.

An Internal Committee ("IC") has been constituted to receive, inquire into and redress complaints of sexual harassment at the workplace. The Company conducts awareness programmes from time to time to promote a respectful and inclusive work environment and to ensure compliance with the provisions of the POSH Act.

During the financial year under review, no complaint of sexual harassment was received, pending or disposed of under the provisions of the POSH Act. Accordingly, the details are as follows:

• Number of complaints pending at the beginning of the financial year: Nil

• Number of complaints received during the financial year: Nil

• Number of complaints disposed of during the financial year: Nil

• Number of complaints pending as at the end of the financial year: Nil

30. INTERNAL CONTROL SYSTEMS & THEIR ADEQUACY:

The details in respect of internal financial control and their adequacy are included in the Management Discussion and Analysis, which is a part of this report.

31. NUMBER OF MEETINGS OF THE BOARD & COMMITTEES:

Five (5) meetings of the board were held during the year. Details of composition, terms of reference and number of meetings held in FY 2025-26 for the aforementioned Committees are given in the Report on Corporate Governance, which forms a part of this Report.

32. COMMITTEES:

The details pertaining to the composition of the Committees and its Meetings are included in the Corporate Governance Report, which is a part of this report.

33. DECLARATION FROM INDEPENDENT DIRECTORS:

The Company has received necessary declarations from all Independent Directors of the Company in accordance with the provisions of Section 149(7) of the Companies Act, 2013 confirming that they meet the criteria of independence as prescribed under Section 149(6) of the Companies Act, 2013.

34. DETAILS IN RESPECT OF FRAUDS REPORTED BY AUDITORS UNDER 143(12) OF COMPANIES ACT, 2013:

During the period under review there were no instances of Fraud reported by the Auditors in the Company.

35. PROCEEDINGS PENDING UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016:

There was no application made or proceeding pending against the Company under the Insolvency and Bankruptcy Code, 2016 (31 of 2016) during the year under review.

36. DIFFERENCE IN VALUATION:

The Company has not made any one-time settlement for loans taken from the Banks or Financial Institutions, and hence the details of difference between amount of the valuation done at the time of one-time settlement and the valuation done while taking loan from the Banks or Financial Institutions along with the reasons thereof is not applicable.

37. MATERNITY BENEFIT:

The Company affirms that it has duly complied with all provisions of the Maternity Benefit Act, 1961, and has extended all statutory benefits to eligible women employees during the year.

38. ACKNOWLEDGEMENTS:

Your directors place on record their sincere appreciation for the continued commitment, dedication and valuable contribution made by the employees at all levels, which has been instrumental in the Companys performance during the year.

The Board also expresses its gratitude to the shareholders, customers, suppliers, vendors, business associates, bankers, financial institutions, regulatory authorities, the Central and State Governments, and all other stakeholders for their continued trust, confidence and support. The Directors look forward to their continued cooperation and support in the years ahead.

	For and of behalf of the Board of
	COASTAL CORPORATION LIMITED
	Sd/-	Sd/-
	T. VALSARAJ	G.V.V. SATYANARAYANA
Place : Visakhapatnam	Managing Director	Director - Finance
Date : 03.08.2026	DIN: 00057558	DIN: 00187006