Blue Coast Hotels Limited has informed the Exchange regarding Outcome of Board Meeting held on August 07, 2025.
BLUECOAST · price
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The Board of Blue Coast Hotels met on August 7, 2025 and approved several items. The previous statutory auditor, P.P. Bansal & Co., resigned on August 6, 2025, and M/s Virender K. Jain & Associates has been appointed to fill the casual vacancy, subject to shareholder approval at the 32nd AGM. The same firm has also been appointed as statutory auditor for a five-year term from the 32nd AGM (2025) to the 37th AGM (2030). M/s Ajay K. & Associates was appointed as Secretarial Auditor for a similar five-year term. The Board also approved the Directors' Report and Corporate Governance Report for FY 2024-25, along with the notice for the 32nd AGM.
The mid-year change in statutory auditor, triggered by the sudden resignation of the previous auditor, may raise governance questions among investors. The new auditor appointments and AGM-related approvals are largely procedural and await shareholder confirmation.