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 about a change in its auditors across the company and its two material wholly-owned subsidiaries (Blue Coast Hospitality Limited and Golden Joy Hotel Private Limited). The existing statutory auditor, P.P. Bansal & Co., resigned on 6th August 2025, creating a casual vacancy. To fill this, M/s Virender K Jain & Associates (ICAI Registration No. 005994N), a firm with 30 years of audit experience across multiple industries, has been appointed as the new Statutory Auditor until the 32nd AGM in 2025, subject to shareholder approval. The same firm is also proposed as Statutory Auditor for a full five-year term (32nd AGM 2025 to 37th AGM 2030). Additionally, M/s Ajay K. & Associates, a Delhi-based company secretary firm led by Mr. Ajay Kumar (FCS), has been appointed as Secretarial Auditor for a five-year term. No director relationships with the new auditors were disclosed.
The mid-term resignation of the previous auditor may raise short-term governance questions, but the prompt appointment of an experienced replacement and a five-year term proposal suggest continuity in audit oversight. Shareholders will need to approve the new auditor appointments at the upcoming AGM.