Coastal : Outcome of Board Meeting

	30th June, 2022
To	To
The Manager	The Manager
BSE Limited (BSE)	National Stock Exchange of India Limited
P.J. Towers, Dalal Street,	(NSE)
Mumbai-400 001,	Exchange Plaza, Bandra Kurla Complex,
Maharashtra, India,	Bandra East, Mumbai - 400051
BSE Code: 501831	NSE Code: COASTCORP
Dear Sir/Madam

Sub.: Outcome of the Meeting of the Board of Directors pursuant to Regulations 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In furtherance to our letters dated 29th March, 2022 and 24th June, 2022, the Board at its meeting held today, i.e., Thursday, 30th June, 2022, considered and approved the Draft Letter of Offer for the proposed Rights Issue. The Draft Letter of Offer is to be filed with the BSE Limited ("BSE") and The National Stock Exchange of India Limited ("NSE") (Stock Exchanges where the shares of the Company are listed) for their in-principle approval.

This intimation is issued in terms of Regulation 30 and other applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended.

The meeting of the Board of Directors commenced at 11:30 A.M. and concluded at 1.45 P.M. The Intimation is also available on the website of the Company at www.coastalcorp.co.in. The same may be please taken on record and suitably disseminated to all concerned.

Thanking you,

Yours Faithfully