Blue Coast Hotels Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
BLUECOAST · price
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Blue Coast Hotels reported a Q3 FY26 net loss of Rs. 17.32 lakhs on total income of Rs. 66.67 lakhs, with the 9M FY26 loss widening to Rs. 195.28 lakhs. The statutory auditor, Virender K. Jain & Associates, explicitly flagged a material uncertainty related to going concern, citing accumulated losses, negative net worth, and defaults on preference share dividend (Rs. 485.09 lakhs) and redemption (Rs. 551.89 lakhs). The company's only operating asset, Park Hyatt Goa Resort & Spa, was handed over to the Supreme Court in 2019 due to the PACL scam, and its title dispute is still pending before the Bombay High Court. A recent Recovery Officer order dated 10.11.2025 has held the company liable to pay Rs. 26,604 lakhs to PACL Ltd, and the company has filed an appeal. A SEBI show cause notice was settled in January 2026 with payments of Rs. 78 lakhs by the company and Rs. 11.37 lakhs by the Whole-Time Director.
This is a high-risk situation for shareholders. The explicit going concern warning from the auditor, persistent losses, negative net worth, defaults on preference obligations, and the massive Rs. 26,604 lakh PACL liability all point to serious solvency and survival concerns. Equity holders face significant downside risk and should treat this stock with extreme caution.