Blue Coast Hotels Limited hereby inform exchange regarding default of payment.
BLUECOAST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Blue Coast Hotels Limited has disclosed a default on its unlisted debt securities as of June 30, 2025. The company has total outstanding unlisted debt securities of Rs. 10.37 crore (including Rs. 4.85 crore in unpaid dividends), of which Rs. 6.22 crore is in default. The default relates to 0.01% redeemable preference shares issued to a promoter body corporate, covering both principal redemption and accumulated dividends. The company's total financial indebtedness stands at Rs. 34.57 crore. No bank loans or revolving facilities are outstanding.
This default on preference share obligations signals financial stress within the company and may erode investor confidence. Shareholders should watch for further updates on resolution, as continued defaults could affect the company's ability to raise fresh capital and overall credit standing.