Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting under SEBI LODR Regulations 30 & 33
Date of Board Meeting / Approval: Friday, August 7, 2026 (commenced 12:00 PM, concluded 01:05 PM)
Audit Opinion: Limited Review Report issued - Not a full audit. Review provides moderate assurance.
Auditor’s Comment: Material uncertainty related to going concern exists due to regular operational losses, negative net worth as on 30.06.2026, and default in payment of dividend on redeemable preference shares (₹485.27 lakhs) and redemption of 0.01% redeemable preference shares (₹551.89 lakhs). Financial statements prepared on a going concern basis based on management's belief in future business plans and expected financial support from wholly-owned subsidiary Blue Coast Hospitality Limited.
Key Financial Highlights [₹ in Lakhs]
Standalone Results:
Revenue from Operations: ₹35.00 (Q1 FY27) vs ₹13.45 (Q1 FY26) [YoY Increase]
Other Income: ₹15.40
Total Revenue: ₹50.40
Total Expenses: ₹77.92
Employee benefits expense: ₹17.17
Finance Cost: ₹46.16
Depreciation: ₹5.24
Other expenses: ₹9.35
Profit before Exceptional Items & Tax: (₹27.52)
Exceptional Items (Net): None
Profit before Tax: (₹27.52)
Tax Expense: None for current period; Prior period tax of ₹29.32 lakhs recognized in annual FY26 figures.
Net Profit for the period: (₹27.52)
Other Comprehensive Income: None
Total Comprehensive Income: (₹27.52)
Paid-up Equity Share Capital: ₹1,967.96 (Face Value ₹10 per share)
Reserves excluding Revaluation Reserve: Negative (₹3,862.28 as of FY26)
Basic EPS: (₹0.15)
Diluted EPS: (₹0.15)
Basic EPS before Exceptional Items: (₹0.15)
Diluted EPS before Exceptional Items: (₹0.15)
Consolidated Results:
Revenue from Operations: ₹35.00 (Q1 FY27)
Other Income: ₹15.40
Total Revenue: ₹50.40
Total Expenses: ₹78.23
Employee benefits expense: ₹17.17
Finance Cost: ₹46.16
Depreciation: ₹5.24
Other expenses: ₹9.66
Profit before Exceptional Items & Tax: (₹27.83)
Exceptional Items (Net): None
Profit before Tax: (₹27.83)
Tax Expense: None for current period; Prior period tax of ₹29.32 lakhs recognized in annual FY26 figures.
Net Profit for the period: (₹27.83)
Other Comprehensive Income: None
Total Comprehensive Income: (₹27.83)
Paid-up Equity Share Capital: ₹1,967.96 (Face Value ₹10 per share)
Reserves excluding Revaluation Reserve: Negative (₹4,133.83 as of FY26)
Basic EPS: (₹0.15)
Diluted EPS: (₹0.15)
Basic EPS before Exceptional Items: (₹0.15)
Diluted EPS before Exceptional Items: (₹0.15)
Entities included in consolidation: Blue Coast Hotels Limited (Holding), Blue Coast Hospitality Limited (Wholly Owned Subsidiary), Golden Joy Hotel Pvt. Ltd (Wholly Owned Subsidiary).
Segment-wise Performance:
Not Specified
Corporate Actions:
- The Board approved the 33rd Board's Report and annexures for FY26.
- Approved convening the 33rd Annual General Meeting (AGM) on Saturday, September 26, 2026.
- Fixed Saturday, September 19, 2026, as the cut-off date for e-voting eligibility for the AGM.
- During the quarter, the Company allotted 24,87,100 equity shares of ₹10 each on a preferential basis upon conversion of the remaining 2,48,710 0.01% CCPS of ₹100 each. All 6,93,110 CCPS are now fully converted into 69,31,100 equity shares. No gain/loss was recognized on conversion.
Other Significant Information:
- The Company's business now involves providing hotel operations and management services.
- The financial statements are prepared on a going concern basis based on expected support from Blue Coast Hospitality Limited.