Blue Coast Hotels Limited — Board Meeting, 14-11-2024: Outcome of Board Meeting

The Board has approved the un-audited standalone and consolidated financial results for the quarter and half-year ended September 30, 2024. The outcomes include converting 6,93,110 redeemable preference shares into compulsorily convertible preference shares, followed by the conversion of 1,89,200 of those into 18,92,000 equity shares. The company's financial performance shows continued challenges, including an accumulated loss impacting its ability to continue as a going concern, demonstrated by ongoing defaults in redeeming preference shares.