Blue Coast Hotels' Auditors Resign Amid Financial Challenges
P.P. Bansal & Co., statutory auditors of Blue Coast Hotels Limited, have resigned citing personal and professional commitments. The company faces financial difficulties with Q1 FY2026 showing a net loss of Rs. 130.65 lakhs. Blue Coast is under SEBI investigation for alleged regulatory violations and has proposed a settlement. The company is implementing strategic moves including offering hotel management services and pursuing legal action for auction proceeds from a former property.