Blue Coast Hotels Limited has informed the Exchange regarding Change in Auditors of the company.
BLUECOAST · price
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Blue Coast Hotels Limited has informed the exchanges that its Statutory Auditor, M/s P.P. Bansal & Co. (Firm Registration No. 001916N), has resigned effective August 6, 2025. The auditor was originally appointed in September 2022 for a five-year term covering FY 2022-23 to FY 2026-27, meaning this is a midterm exit about three years into the term. The resignation also covers the company's two material wholly-owned subsidiaries, Blue Coast Hospitality Limited and Golden Joy Hotels Private Limited. P.P. Bansal & Co. cited 'pre-occupation with other personal and professional commitments' as the reason, having already completed the FY25 annual audit and the Q1 FY26 limited review. The company confirmed the resigning auditor raised no concerns about management, and the Board and Audit Committee have begun the process of appointing a new statutory auditor to fill the casual vacancy.
The auditor explicitly stated there are no concerns about management or financial reporting, which limits the negative governance signal. However, investors should monitor the timely appointment of a new auditor and any unusual disclosures, as auditor changes mid-term can sometimes warrant closer scrutiny.