Integrated Filing — IndAS



General information about company
Scrip Code 501831
NSE Symbol COASTCORP
MSEI Symbol NOTLISTED
ISIN INE377E01024
Name of company COASTAL CORPORATION LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 29-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 13-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Export
Start date and time of board meeting 29-May-2025   16:30:00
End date and time of board meeting 29-May-2025   18:00:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public Yes
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2025-02-12
Indicate Company website link for updated RPT policy of the Company https://coastalcorp.co.in/policies/
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
There are no default of loans by the company. nThe company dosen't have debt securities.



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 1549181000 6129988000
Other income 38797000 104773000
Total income 1587978000 6234761000
2 Expenses
(a) Cost of materials consumed 1218689000 4607846000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -288905000 -761796000
(d) Employee benefit expense 67661000 216932000
(e) Finance costs 52301000 211041000
(f) Depreciation, depletion and amortisation expense 30746000 122174000
(f) Other Expenses
1 Other Expenses 488293000 1735776000
Total other expenses 488293000 1735776000
Total expenses 1568785000 6131973000
3 Total profit before exceptional items and tax 19193000 102788000
4 Exceptional items 0 0
5 Total profit before tax 19193000 102788000
6 Tax expense
7 Current tax 4784000 20000000
8 Deferred tax 4502000 8789000
9 Total tax expenses 9286000 28789000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 9907000 73999000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 9907000 73999000
17 Other comprehensive income net of taxes 278000 2950000
18 Total Comprehensive Income for the period 10185000 76949000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 133954000 133954000
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve 2769698000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.15 1.1
Diluted earnings (loss) per share from continuing operations 0.15 1.1
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.15 1.1
Diluted earnings (loss) per share from continuing and discontinued operations 0.15 1.1
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 1535922000
Capital work-in-progress 17610000
Investment property 122895000
Goodwill 0
Other intangible assets 212000
Intangible assets under development 6719000
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 834260000
Trade receivables, non-current
Loans, non-current 236428000
Other non-current financial assets 117289000
Total non-current financial assets 1187977000
Deferred tax assets (net)
Other non-current assets 97330000
Total non-current assets 2968665000
2 Current assets
Inventories 2321695000
Current financial asset
Current investments 0
Trade receivables, current 472397000
Cash and cash equivalents 43831000
Bank balance other than cash and cash equivalents 223167000
Loans, current 0
Other current financial assets 1697000
Total current financial assets 741092000
Current tax assets (net) 13764000
Other current assets 227195000
Total current assets 3303746000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 6272411000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 133954000
Other equity 2769698000
Total equity attributable to owners of parent 2903652000
Non controlling interest
Total equity 2903652000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 163114000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities 10214000
Total non-current financial liabilities 173328000
Provisions, non-current 17145000
Deferred tax liabilities (net) 73953000
Deferred government grants, Non-current
Other non-current liabilities 697000
Total non-current liabilities 265123000
Current liabilities
Current financial liabilities
Borrowings, current 2592317000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 35861000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 237432000
Total Trade payable 273293000
Other current financial liabilities 92053000
Total current financial liabilities 2957663000
Other current liabilities 142536000
Provisions, current 3437000
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 3103636000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 3368759000
Total equity and liabilites 6272411000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss 2138000 -360000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss -2416000 -2590000
5 Total Other comprehensive income 278000 2950000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 102788000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 188133000
Adjustments for decrease (increase) in inventories -759547000
Adjustments for decrease (increase) in trade receivables, current 42525000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 92792000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 178724000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 121677000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 122175000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 8080000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 24847000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 22660000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items -2951000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -6205000
Net cash flows from (used in) operations 96583000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 19388000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 77195000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 851000
Purchase of property, plant and equipment 38174000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development -859000
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 218280000
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 22660000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -63318000
Net cash flows from (used in) investing activities -297120000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments -218000
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 441206000
Repayments of borrowings 0
Payments of lease liabilities 0
Dividends paid 16075000
Interest paid 188067000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 236846000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 16921000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 16921000
Cash and cash equivalents cash flow statement at beginning of period 250077000
Cash and cash equivalents cash flow statement at end of period 266998000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Auditor's opinion Qualified opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Brahmayya & Co. Yes 29-Feb-2028


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 6234761000 6234761000
2 Total Expenditure 6131973000 6131973000
3 Net Profit/(Loss) 73999000 73999000
4 Earnings Per Share 1.1 1.1
5 Total Assets 6272411000 6272411000
6 Total Liabilities 6272411000 6272411000
7 Net Worth 2903652000 2903652000


Audit qualification
Sr. Details of Audit Qualification Type of Audit Qualification Frequency of qualification For Audit Qualification(s) where the impact is quantified by the auditor For Audit Qualification(s) where the impact is not quantified by the auditor
Management's Views (i) Management's estimation on the impact of audit qualification (ii) If management is unable to estimate the impact, reasons for the same Auditors' Comments on (i) or (ii) above
1 Textual Information(1) Qualified opinion Repetitive Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)


Text Block
Textual Information(1) Attention is invited to Note No. 6 to the accompanying audited standalone financial results, regarding non-provision of impairment loss allowance on investment made in M/s. Seacrest Seafoods Inc., wholly owned foreign subsidiary company amounting to Rs 3023.13 lakhs as on 31.03.2025, 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 for extension of time by 12 months as per letter dated 15th March 2025 written by M/s. Seacrest Seafoods Inc., to buy-back its shares at par. We are unable to express an opinion on the said matter.
Textual Information(2) 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, but in the present case the company has accepted the request for extension of time by 12 months to buy back the shares by subsidiary at par value. Which is a matter of no loss for M/s Coastal Corporation Limited. Hence, we were of the opinion not to provide impairment loss in the books of accounts as explained above.
Textual Information(3) There is no impact on the company. Since the amount will be realized within 12 months. Hence, there is no loss to the company.
Textual Information(4) NA
Textual Information(5) No Comments


Signatories detail
Name of CEO / Managing director T. Valsaraj
Name of CFO G V V Satyanarayana
Name of audit committee chairman P R Kalyanaraman
Name of statutory auditor C V Ramana Rao
Name of other signatory, if any, with designation
Place Visakhapatnam
Date 29-May-2025


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)
Mode of Fund Raising Rights Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 08-Sep-2023
Amount Raised 424000000
Report filed for Quarter ended 31-Mar-2025
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation false
Comments of the Audit Committee after review No Comments
Comments of the auditors, if any false
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Investment in our wholly owned Subsidiary, Coastal Biotech Private Limited (CBPL’) for part-financing its capital expenditure requirements in relation to the setting up of a manufacturing facility to manufacture 198 KLPD of Ethanol NIL 160000000 0 160000000 0 Please be noted that there were no funds raised during the quarter. However the balance funds is due to the proceeds of the rights issue raised by the company in the earlier quarters.
2 Investment in our wholly owned subsidiary, Continental Fisheries India Limited(“CFIL”) for part -financing its capital expenditure requirements in relation to the setting up shrimp processing unit with installed capacity of 2500Kilograms Per Hour and 1100MT Frozen Storage NIL 180000000 0 162700000 0 Please be noted that there were no funds raised during the quarter. However the balance funds is due to the proceeds of the rights issue raised by the company in the earlier quarters.
3 Issue related expenses NIL 5000000 0 5000000 0 Please be noted that there were no funds raised during the quarter. However the balance funds is due to the proceeds of the rights issue raised by the company in the earlier quarters.
4 General corporate purposes NIL 89205000 0 89205000 0 Please be noted that there were no funds raised during the quarter. However the balance funds is due to the proceeds of the rights issue raised by the company in the earlier quarters.


Signatory Details
Name of signatory G V V Satyanarayana
Designation of person Director
Place Visakhapatnam
Date 29-May-2025




Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 COASTAL CORPORATION LIMITED T VALSARAJ KMP Remuneration APPROVED 1292000 281000 1573000
2 COASTAL CORPORATION LIMITED GVV SATYANARAYANA KMP Remuneration APPROVED 395000 0 395000
3 COASTAL CORPORATION LIMITED JEEJA VALSARAJ NON EXECUTIVE DIRECTOR Any other transaction Sitting Fees and Director remuneration APPROVED 223000 14000 237000
4 COASTAL CORPORATION LIMITED T VISWANATH RELATIVE OF KMP Any other transaction Supply of Man Power APPROVED -397000 3463000 3066000
5 COASTAL CORPORATION LIMITED COASTAL BIOTECH PRIVATE LIMITED WHOLLY OWNED SUBSIDIARY Any other transaction Investment and advance for expenses APPROVED 57653000 406395000 464048000
6 COASTAL CORPORATION LIMITED CONTINENTAL FISHERIES INDIA LIMITED WHOLLY OWNED SUBSIDIARY Any other transaction Loans, Investment and advance for expenses APPROVED 64377000 174110000 238487000
7 COASTAL CORPORATION LIMITED SEACREST SEAFOODS INC WHOLLY OWNED SUBSIDIARY Any other transaction Sales, Investment and Loans APPROVED -1231000 295396000 294165000
Total value of transaction during the reporting period 122312000