1:5 Stock Split Record Date On March 4; Penny Stock Hits New 1-Yr Low Ahead Of Ex-Date; Check Performance

Coastal Corporation, which is engaged in the business of seafood, is trading as a penny stock on BSE with a market cap below Rs 280 crore. Coastal Corporation is going to be in focus on Tuesday, March 4th as it will turn ex-date for its upcoming stock split in the ratio of 1:5. The stock touched a new 52-week low ahead of its ex-date. Currently, its share price is around Rs 209 apiece, which will be split into five shares with effect from March 4th.

Coastal Corporation Share Price:

After market hours on March 3rd, Coastal Corporation's share price closed at Rs 208.65 apiece, up marginally on the BSE. The company has a market cap of Rs 279.47 crore. During Monday's trading session, the stock touched a new 52-week low of Rs 201.90 apiece on the BSE.

The stock's 52-week high and low is at Rs 322.45 apiece and Rs 201.90 apiece, while its price-to-equity ratio is at 229.29x and return on equity is around 0.42%.

Coastal Corporation Stock Split:

The company has announced the subdivision/split of 1 equity share of the face value of Rs. 10/- (Rupees ten only) each fully paid up per share into 5 equity shares of the face value of Rs. 2/- [Rupees two only) each fully paid up per share. The ratio of the sub-division is 1:5.

For the same, the company fixed the record date as Tuesday, 04th March 2025.

Generally, share splits mean that listed companies can split their existing shares into a ratio they decided for a host of reasons. These could be done to improve liquidity, lessen the value of the stock, make it cheaper or attract new buying from both existing and new investors.

About Coastal Corporation:

Coastal Corporation Limited (India) has a history of 40 years in processing, production, and distribution of seafood, globally.

Recently, the company announced that its wholly-owned subsidiary, Coastal Biotech Private Limited has successfully initiated the slow firing of the boiler at its ethanol plant located in MaringiVillage, Paralakhemundi, Odisha. The commercial production of ethanol is scheduled to commence before the end of this financial year.