Coastal Corp. reports Q2 results, proposes subsidiary merger

Coastal Corporation Limited reported its unaudited standalone and consolidated financial results for the second quarter ended September 30, 2025. The board of directors approved these results on November 10, 2025, and also disclosed a proposal to merge its two wholly-owned subsidiaries, Continental Fisheries India Limited (CFIL) and Coastal Biotech Private Limited (CBPL).

For the quarter ended September 30, 2025, Coastal Corporation’s standalone total revenue was INR 15,395.60 Lakhs, with a profit before tax of INR 637.86 Lakhs. Consolidated total revenue for the same period was INR 16,552.74 Lakhs, and profit before tax stood at INR 683.88 Lakhs.

A statement on funds raised through a rights issue of partly paid-up equity shares indicated no deviation from the objects stated in the letter of offer dated August 25, 2022. The rights issue, which raised Rs.42.40 Crores, included investments in Coastal Biotech Private Limited (16.00 Crores utilized) for manufacturing ethanol, and Continental Fisheries India Limited (16.27 Crores utilized) for a shrimp processing unit. No impairment loss allowance was made for the investment in Seacrest Seafoods Inc., as the board believes it will not suffer impairment.