Blue Coast Hotels Limited has informed stock exchanges about a regulatory penalty imposed by the Securities and Exchange Board of India (SEBI) on its former Chief Financial Officer. The company disclosed this development through an official intimation dated March 16, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

SEBI Adjudication Order Details

The Adjudicating Officer of SEBI issued an order dated March 11, 2026, imposing a monetary penalty of Rs. 5,00,000 on Mr. Amit Kumar Singh, who previously served as the Chief Financial Officer of Blue Coast Hotels Limited. The company received this adjudication order on March 16, 2026, from the National Stock Exchange at 2:19 PM.

Regulatory Violations

The adjudication order addresses violations of several regulatory provisions. The penalties were imposed under Rule 4 of the SEBI (Procedure for Holding Enquiry and Imposing Penalties) Rules, 1995. The violations include contraventions of multiple regulations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Specific violations cited in the order include:

• Regulation 4, 17(8), 23, 33, 34 and 48 of SEBI (LODR) Regulations, 2015
• Section 27 of SEBI Act, 1992
• Indian Accounting Standards 1, 24 and 37

Financial Impact Assessment

Blue Coast Hotels has clarified that the penalty imposed on its former CFO does not create any material financial implications for the company itself. The Rs. 5,00,000 penalty is specifically directed at the individual executive rather than the corporate entity.

Regulatory Compliance

The disclosure was made in compliance with SEBI Listing Regulations and follows the format specified under SEBI Circular SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Company Secretary Kapila Kandel signed the intimation on behalf of Blue Coast Hotels Limited, ensuring proper regulatory compliance and transparency with stakeholders.

Blue Coast Hotels Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, revealing continued operational challenges amid ongoing legal proceedings. The hospitality company, which handed over its primary asset Park Hyatt Goa Resort & Spa in 2019, reported mixed financial performance during the reporting period.

Financial Performance Overview

The company's Q3FY26 consolidated results showed a net loss of ₹37.32 lakhs compared to ₹31.94 lakhs loss in the corresponding quarter of the previous year. Total income for the quarter increased significantly to ₹46.67 lakhs from ₹6.81 lakhs in Q3FY25.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, the company reported a consolidated net loss of ₹195.28 lakhs on total income of ₹115.03 lakhs. This compares to a net profit of ₹8,316.35 lakhs in the corresponding period of the previous year, which included exceptional items worth ₹8,453.55 lakhs from preference dividend waiver.

Income and Expense Breakdown

The company's revenue composition for Q3FY26 included operational income of ₹10.00 lakhs and other income of ₹36.67 lakhs. Major expense categories comprised finance costs of ₹44.11 lakhs, employee benefits of ₹18.61 lakhs, other expenses of ₹14.50 lakhs, and depreciation of ₹6.77 lakhs.

Board Meeting and Regulatory Compliance

The Board of Directors approved these results at their meeting held on February 13, 2026, which commenced at 01:00 PM and concluded at 02:15 PM. The meeting was conducted pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Limited review was conducted by statutory auditors Virender K Jain & Associates.

Going Concern and Financial Challenges

The auditors highlighted material uncertainty regarding the company's ability to continue as a going concern due to accumulated losses and negative net worth as of December 31, 2025. The company faces significant defaults including:

• Dividend payment default on redeemable preference shares: ₹485.09 lakhs
• Redemption amount of 0.01% Redeemable Preference Shares: ₹551.89 lakhs (due December 31, 2025)

Legal and Regulatory Updates

The company settled SEBI proceedings through a settlement order dated January 14, 2026, paying ₹78.00 lakhs while its Whole-Time Director paid ₹11.37 lakhs. Additionally, the company continues to pursue its claim over ₹8,500.00 lakhs from the Park Hyatt Goa Resort & Spa auction proceeds through various legal channels, including an appeal under Section 15T of the SEBI Act.

Management Outlook

Despite the financial challenges, management has prepared the financial statements on a going concern basis, citing future business plans and expected financial support from wholly-owned subsidiary Blue Coast Hospitality Limited. The company's paid-up equity share capital stands at ₹1,719.25 lakhs with a face value of ₹10 per share.