BLUECOAST2024-07-012024-09-30 BLUECOAST2024-07-012024-09-30 BLUECOAST2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member BLUECOAST2024-07-012024-09-30in-bse-fin:FourOperatingExpenses01Member BLUECOAST2024-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 531495 BLUECOAST NOTLISTED Blue Coast Hotels Limited Equity 2024-04-01 2025-03-31 2024-11-14 2024-11-11 INR Lakhs Half yearly 13:00:00 14:15:00 2024-11-14 2024-11-14 true Cash Flow Indirect Not applicable Single segment HOTEL 2024-07-01 2024-09-30 Unaudited Consolidated 0.00 2577000.00 2577000.00 0.00 0.00 0.00 2055000.00 -6397000.00 228000.00 4319000.00 205000.00 2372000.00 845355000.00 847727000.00 0.00 0.00 0.00 0.00 847727000.00 0.00 0.00 0.00 0.00 847727000.00 -1146000.00 846581000.00 0.00 0.00 127485000.00 10 66.41 66.41 0.00 0.00 66.41 66.41 1. The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on November 14, 2024. Limited review has been carried out by the statutory auditors. 2. The company was engaged into the hotel business till 19.09.2018 and no operating activities have been carried out during the period, however the company is still engaed in the Hotel Business Segment.” 3. During the financial year ending March 31, 2019, the company had handed over its only operational asset 'Park Hyatt Goa Resort & Spa' pursuant to the order of the Hon'ble Supreme Court, impacting company's ability to continue as a going concern. The title of above hotel property continues to remain in the name of the company and it has exercised its right of redemption by filing the redemption petition before Hon'ble High Court of Bombay at Goa. The petition is pending adjudication and its outcome may impact the alleged sale of hotel property at Goa. 4. In terms of direction issued by Hon'ble High Court Delhi, the company will remain committed for the refund to space buyers. 5. Finance cost represents provision for dividend on redeemable preference shares. During the current quarter ending 30th September 2024, redeemable preference shares (RPS) holders has waived off dividend accrued amounting to Rs. 8,617.82 lakhs, on RPS held by them, representing 95% of the total accrued dividend amounting to Rs. 9,071.39 lakhs till 31st August, 2024. Further out of Rs. 8,617.82 lakhs, Rs. 164.27 lakhs forms part of finance cost for the current period and balance Rs. 8453.55 lakhs has been reported under exceptional item related to earlier years. 6. Pursuant to Special Resolutions passed in 31st Annual General Meeting annual coupon rate in respect of 41,50,000 Redeemable Preference Shares has been reduced from 10% to 0.01%, effective from 28.09.2024. 7. Pursuant to consent of the respective class of shareholders, 6,93,110 redeemable preference shares with a face value of Rs. 100/- each will be convertible into 6,93,110 compulsorily convertible preference shares (CCPS) with a face value of Rs. 100/- each. Further convertible into 69,31,100 no. of Equity Shares of Rs. 10/- each, to be issued and allotted at par, within the prescribed period of 18 months, in one or more tranches. This conversion will also impact earnings per share, in the subsequent periods. 8. Due to absence of profit, the company is presently in default on the redemption of 20% of the principal amount i.e. Rs. 8.30 Crore in respect of Redeemable Preference Shares due on 30.10.2024. 9. Subsidiary companies has no business activities during the period hence Standalone as well as Consolidated results are the same. Single segment 2024-04-01 2024-09-30 Unaudited Consolidated 0.00 3560000.00 3560000.00 0.00 0.00 0.00 3588000.00 3978000.00 456000.00 6064000.00 14086000.00 -10526000.00 845355000.00 834829000.00 0.00 0.00 0.00 0.00 834829000.00 0.00 0.00 0.00 0.00 834829000.00 1782000.00 836611000.00 0.00 0.00 127485000.00 10 65.62 65.62 0.00 0.00 65.62 65.62 Other Expenses 4319000.00 Other Expenses 6064000.00 24103000.00 0.00 0.00 0.00 7759000.00 0.00 0.00 0.00 21207000.00 0.00 0.00 2566000.00 23773000.00 25248000.00 0.00 80883000.00 0.00 0.00 0.00 2267000.00 2939000.00 0.00 0.00 5206000.00 0.00 10455000.00 15661000.00 0.00 0.00 96544000.00 127485000.00 -552975000.00 -425490000.00 -425490000.00 332000000.00 0.00 6162000.00 338162000.00 0.00 0.00 0.00 0.00 338162000.00 83000000.00 1933000.00 50154000.00 135087000.00 1294000.00 47491000.00 0.00 0.00 183872000.00 0.00 0.00 522034000.00 96544000.00 3978000.00 0.00 0.00 0.00 10014000.00 0.00 0.00 0.00 0.00 0.00 0.00 -797387000.00 0.00 456000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1782000.00 0.00 0.00 0.00 0.00 0.00 -781157000.00 53672000.00 0.00 0.00 0.00 0.00 0.00 53672000.00 0.00 0.00 0.00 12736000.00 0.00 0.00 0.00 0.00 0.00 36000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7759000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -20531000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -33459000.00 -33459000.00 -318000.00 0.00 -318000.00 2585000.00 2267000.00 -1146000.00 1782000.00 0.00 0.00 0.00 0.00