Blue Coast Hotels Limited — Board Meeting, 06-08-2025: Outcome of Board Meeting

Blue Coast Hotels' Board has approved the financial results for the quarter ended June 30, 2025. Consolidated net loss hit Rs. 1.31 Cr on Rs. 0.13 Cr revenue. Auditors warned of "material uncertainty" about the company's ability to continue operating, citing ongoing losses.

Statutory auditors P.P. Bansal & Co. resigned. The company seeks Rs. 85 Cr from its Goa hotel property auction proceeds and faces a potential Rs. 0.78 Cr SEBI settlement. Due to losses, it defaulted on Rs. 6.22 Cr in preference share dividends/redemptions. Equity conversions from CCPS added 44.44 lakh new shares.