Blue Coast Hotels Limited has received the final Settlement Order from the Securities and Exchange Board of India (SEBI) dated January 14, 2026, completing the regulatory resolution process that began with a Show Cause Notice issued in March 2025.

SEBI Settlement Order Received

The company received the Settlement Order on January 14, 2026, at 5:09 PM, which formally disposes of the proceedings initiated through the Show Cause Notice dated March 4, 2025. The Adjudicating Officer at SEBI passed the order in connection with alleged violations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Violation Details and Regulations

The settlement addresses alleged violations of multiple SEBI regulations, specifically Regulations 4, 17(8), 23, 33, 34, and 48 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Indian Accounting Standards 1, 24, and 37, and the SEBI Act, 1992. The settlement applications were filed by both the company and its Whole-Time Director to resolve these matters without admitting or denying the findings.

Financial Impact and Settlement Payments

The settlement has been completed with both parties fulfilling their payment obligations as previously agreed. The company and its Whole-Time Director have paid their respective settlement amounts, with no additional material financial implications arising from the Settlement Order.

Timeline of Regulatory Proceedings

The regulatory matter has progressed through several key milestones, from the initial Show Cause Notice to the final Settlement Order. The company has maintained transparency throughout the process by providing timely intimations to stock exchanges under Regulation 30 of SEBI listing regulations.

With the receipt of the final Settlement Order, Blue Coast Hotels has successfully concluded its regulatory proceedings with SEBI. The resolution allows the company to focus on its core hospitality business operations while maintaining compliance with regulatory requirements. The company has fulfilled all disclosure obligations by informing both NSE and BSE about this development.

Blue Coast Hotels Limited, a prominent player in the hospitality sector, has encountered a significant development in its ongoing legal battle concerning the sale proceeds of its Park Hyatt Goa Hotel property. The company recently received an order from a Recovery Officer, attached to the Justice R.M. Lodha Committee, that could have substantial financial implications.

Key Details of the Order

The Recovery Officer has directed IFCI (Industrial Finance Corporation of India) to transfer Rs. 85.00 crores, along with interest, from the auction proceeds of the Park Hyatt Goa Hotel property. This order comes in response to Blue Coast Hotels' claim for a refund of the surplus auction amount that was in IFCI's possession following the hotel property sale.

Legal Context and Implications

It's important to note that this directive is not final and is subject to the outcome of ongoing proceedings before the Bombay High Court, Goa Bench. The case in question (W.P. No. 924 of 2018) has been pending since 2018, indicating the complexity and duration of this legal dispute.

Company's Response

In light of this development, Blue Coast Hotels is not sitting idle. According to the company's disclosure:

"The Company is exploring appropriate legal remedies available to challenge the said Order dated 11.11.2025 passed by the Recovery Officer."

This statement suggests that Blue Coast Hotels is preparing to contest the order, potentially prolonging the legal proceedings.

Financial Impact

While the exact financial implications of this order are not yet fully ascertainable, the potential transfer of Rs. 85.00 crores plus interest represents a significant sum for the company. Shareholders and investors will likely be watching closely to see how this situation unfolds and its impact on the company's financial position.

Timeline of Events

This case highlights the complex legal and financial challenges that can arise in the hospitality industry, particularly in matters involving property sales and auctions. As the situation continues to evolve, it will be crucial for stakeholders to monitor further developments in this ongoing dispute.