Latest news about Blue Coast Hotels
Blue Coast Hotels
22.18
+0.35(+1.60%)
Company Performance:
View Company Insights1D+1.60%
1M-15.34%
6M+5.32%
1Y-62.48%
5Y0.00%
More news about Blue Coast Hotels
06May 26
Blue Coast Hotels Reports FY26 Net Loss; Audited Results Published in Newspapers
Blue Coast Hotels Limited published its FY26 audited financial results in Financial Express and Dainik Herald on May 6, 2026, per Regulation 47 of SEBI LODR. The company reported a standalone net loss of Rs. 208.07 lakhs and a consolidated net loss of Rs. 209.31 lakhs for the year ended March 31, 2026, with auditors flagging material going concern uncertainty, a default on redeemable preference shares, and an ongoing legal dispute over Rs. 8,500.00 lakhs in auction proceeds related to the PACL matter.
18Mar 26
Blue Coast Hotels Secures SAT Stay on SEBI Recovery Proceedings Following Appeal
Securities Appellate Tribunal granted Blue Coast Hotels a stay on SEBI recovery proceedings for remaining outstanding amounts, while Rs. 85 crores stays with IFCI Limited. The favorable order provides relief from immediate enforcement actions, with SEBI committing not to take further recovery steps without tribunal approval until final appeal disposal.
16Feb 26
Blue Coast Hotels Limited Reports Q3FY26 Financial Results with Net Loss of ₹37.32 Lakhs
Blue Coast Hotels Limited announced Q3FY26 results showing net loss of ₹37.32 lakhs against total income of ₹46.67 lakhs, with nine-month loss of ₹195.28 lakhs. The company faces going concern issues due to accumulated losses, negative net worth, and defaults on preference share obligations totaling over ₹1,000 lakhs. Board meeting held February 13, 2026, approved results with SEBI settlement of ₹78 lakhs completed and ongoing legal proceedings regarding Park Hyatt Goa asset claims.
15Jan 26
Blue Coast Hotels Receives Final SEBI Settlement Order for ₹89.38 Lakh Payment
Blue Coast Hotels Limited has received the final SEBI Settlement Order dated January 14, 2026, formally concluding regulatory proceedings that began with a Show Cause Notice in March 2025. The settlement involved total payments of ₹89.38 lakh for alleged violations of SEBI listing regulations, with the company paying ₹78.00 lakh and its Whole-Time Director contributing ₹11.38 lakh, allowing both parties to resolve the matter without prolonged litigation.
13Nov 25
BlueCoast Hotels Faces Rs. 85 Crore Transfer Order in Hotel Sale Dispute
Blue Coast Hotels Limited received an order from a Recovery Officer directing IFCI to transfer Rs. 85.00 crores plus interest from the auction proceeds of Park Hyatt Goa Hotel property. This order is subject to ongoing proceedings in the Bombay High Court, Goa Bench. The company is exploring legal options to challenge the order.
10Nov 25
BlueCoast Hotels Reports Widening Losses Amid Ongoing Financial Distress
Blue Coast Hotels Limited reported a net loss of Rs. 26.67 lakhs for Q2 2025, an improvement from the previous quarter's loss of Rs. 130.88 lakhs. Total income decreased to Rs. 57.35 lakhs from Rs. 110.02 lakhs in Q1 2025. The company faces ongoing financial distress, with accumulated losses and negative net worth. It's in default on preference share dividends and under SEBI investigation for regulatory violations. Blue Coast Hotels has filed a Settlement Application with SEBI and is involved in legal proceedings regarding its former Goa property. The company's ability to continue as a going concern remains uncertain.
06Sept 25
Blue Coast Hotels Expands into Virtual Digital Assets and Travel Services
Blue Coast Hotels Limited has amended its Memorandum of Association to include virtual digital assets and comprehensive travel services. The changes, approved at the 32nd Annual General Meeting, allow the company to explore opportunities in digital assets and offer a wide range of domestic and international travel services. The company also re-appointed Mr. Vijay Jain as an Independent Director for a five-year term and appointed new statutory and secretarial auditors.
06Aug 25
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.
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