Annual Secretarial Compliance Report for the financial year 2025-26
BLUECOAST · price
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Blue Coast Hotels Ltd has filed its Annual Secretarial Compliance Report for FY 2025-26, prepared by Ajay Kumar, Practicing Company Secretary. The report shows full compliance with all SEBI regulations during the review period with NIL deviations. However, the report discloses a prior SEBI settlement: the company received a show cause notice in March 2025 regarding alleged financial reporting violations for FY 2019-2022 (regulations 4, 17(8), 23, 33, 34, 48 of LODR). The company and Whole-Time Director settled by paying Rs. 78 lakh and Rs. 11.38 lakh respectively, with the settlement order passed on 14th January 2026. The former CFO (Amit Kumar Singhl) failed to respond, resulting in an ex-parte adjudication order on 11th March 2026. The company also changed its statutory auditor from P.P. Bansal & Co to Virender K. Jain & Associates in August 2025 due to a casual vacancy. All 13 compliance checkpoints show Yes/NA status with no additional non-compliances observed.
The company has achieved full regulatory compliance for FY 2025-26 following the closure of the SEBI settlement. The Rs. 78 lakh settlement payment and change in auditor are material events but have been resolved. Shareholders should note that the historical financial reporting issues from FY 2019-2022 have been formally settled with SEBI.