Coastal Corp: Reduced Indian export tariff impact announced

Coastal Corporation (BSE: COASTCORP) announced that Indian exporters will incur a reduced tariff of 10%, down from the previous 26%, effective immediately. This reduction is expected to provide measurable relief for the current quarter. This announcement follows recent developments, including a temporary suspension of reciprocal tariff impositions by the USA for 90 days for most trading nations, excluding China. As a result, a reduced reciprocal tariff of 10% will apply, while a baseline tariff of 10% remains in effect for all. The company remains optimistic about securing a favourable, long-term deal for the sector, while also acknowledging ongoing global trade uncertainties and maintaining a cautiously proactive approach. The disclosure is made in compliance with Regulation 30 and Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.