Blue Coast Hotels has scheduled its 33rd Annual General Meeting (AGM) for Saturday, September 26, 2026. The meeting will be held via video conference or other audio-visual means.

The company notified the National Stock Exchange of India Ltd and BSE Limited of the newspaper advertisement regarding the AGM information on August 22, 2026. The notice was published in Financial Express and Dainik Herald.

Meeting Details

The AGM will commence at 4:00 pm. Members can attend and participate only through the VC/OAVM facility provided by National Securities Depository Limited (NSDL). Participants joining through this facility will be counted for quorum purposes under Section 103 of the Companies Act, 2013.

Members will have the opportunity to cast their votes remotely on the businesses set out in the Notice of AGM using NSDL’s e-voting system. Instructions for joining the meeting and voting will be included in the Notice of AGM.

Document Distribution

The Notice of AGM and the Annual Report for FY26 will be sent via email to members who have registered their email addresses with the company or depositories as on Friday, August 28, 2026.

For members without registered email addresses, the company will send a letter containing a web link to access the documents online. Physical copies of the Annual Report will be dispatched only upon request to info@bluecoast.in or investor.services@rcmcdelhi.com .

The documents will also be available on the company’s website, the stock exchanges’ websites, and the NSDL e-voting portal.

Email Registration

Members are requested to register or update their email addresses to receive communications electronically. The process differs based on holding type:

• Physical Holding: Submit Form ISR-1 along with relevant documents to RCMC Share Registry Private Limited at B-25/1, 1st Floor, Okhla Industrial Area, Phase II, New Delhi 110020. Digital copies can be emailed to investor.services@rcmcdelhi.com .
• Demat Holding: Contact the Depository Participant (DP) to update details as per prescribed procedures.

This disclosure is made in compliance with Regulations 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and General Circular No. 03/2025 dated September 22, 2025 issued by the Ministry of Corporate Affairs.

Blue Coast Hotels Limited reported a standalone net loss of ₹27.52 lakhs for the quarter ended June 30, 2026 (Q1FY27), a significant improvement from the ₹130.65 lakh loss recorded in the same period of the previous year. The reduction in losses was primarily driven by a sharp decline in other expenses rather than operational profitability, as revenue from operations more than doubled to ₹35.00 lakhs but remained insufficient to cover fixed finance costs. Despite the improved bottom line, statutory auditors Virender K. Jain & Associates raised a material uncertainty regarding the company’s ability to continue as a going concern, citing negative net worth and ongoing defaults on redeemable preference shares.

The Board of Directors approved the unaudited standalone and consolidated financial results along with the limited review report issued by the statutory auditors during its meeting held on August 7, 2026. The Board also approved the 33rd Board’s Report for the financial year ended March 31, 2026, and fixed September 19, 2026, as the cut-off date for determining voting eligibility for the 33rd Annual General Meeting scheduled for September 26, 2026.

Financial Performance

Total revenue from operations for Blue Coast Hotels Limited rose to ₹35.00 lakhs in Q1FY27, up from ₹13.45 lakhs in Q1FY26. Other income contributed ₹15.40 lakhs, bringing total revenue to ₹50.40 lakhs, compared to ₹11.02 lakhs in the year-ago quarter. Total expenses decreased significantly to ₹77.92 lakhs from ₹141.67 lakhs, largely due to a drop in other expenses from ₹73.19 lakhs to ₹9.35 lakhs. Finance costs remained high at ₹46.16 lakhs, while employee benefits expense decreased slightly to ₹17.17 lakhs from ₹19.23 lakhs.

On a consolidated basis, the group reported a net loss of ₹27.83 lakhs for the quarter, compared to ₹130.88 lakhs in Q1FY26. Consolidated revenue remained at ₹35.00 lakhs, with other income at ₹15.40 lakhs. Total consolidated expenses were ₹78.23 lakhs.

Going Concern and Legal Developments

The auditors’ review report drew attention to Notes 6 and 7 of the financial statements, highlighting regular operational losses and a negative net worth as of June 30, 2026. The company is currently in default on the payment of dividend on cumulative redeemable preference shares amounting to ₹485.27 lakhs and the redemption amount of 0.01% redeemable preference shares standing at ₹551.89 lakhs. Management stated that these obligations will be addressed as soon as financial conditions permit.

Legally, the company has filed a Redemption Petition before the Hon’ble High Court of Bombay at Goa, invoking its right of redemption over the Park Hyatt Goa Resort & Spa. Additionally, an appeal before the Securities Appellate Tribunal regarding surplus auction proceeds of ₹8,500.00 lakhs remains pending, with the Tribunal having granted a stay on recovery proceedings by IFCI.

Capital Structure Changes

During the quarter, Blue Coast Hotels Limited converted the remaining 2,48,710 0.01% Compulsorily Convertible Preference Shares (CCPS) of ₹100 each into 24,87,100 equity shares of ₹10 each on a preferential basis. This conversion completed the full conversion of all 6,93,110 CCPS into 69,31,100 equity shares. As the CCPS were classified as equity, no gain or loss was recognized on the conversion. The paid-up equity share capital increased to ₹1,967.96 lakhs from ₹1,719.25 lakhs in the previous quarter.

What the Numbers Show

The narrowing of the net loss from ₹130.65 lakhs to ₹27.52 lakhs is primarily attributable to a significant reduction in other expenses rather than a surge in operational profitability. While revenue from operations more than doubled to ₹35.00 lakhs, it remains insufficient to cover the fixed finance costs of ₹46.16 lakhs. The company’s reliance on expected financial support from its wholly-owned subsidiary, Blue Coast Hospitality Limited, underscores the fragility of its current cash flow position, as highlighted by the auditors’ going concern qualification.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE472B01011/27d907a5-b900-4b04-82a7-11cb422ad033.pdf