5314952026-01-012026-03-315314952026-03-315314952025-03-315314952025-04-012026-03-315314952026-01-012026-03-31in-capmkt:OtherExpenses1Member5314952025-04-012026-03-31in-capmkt:OtherExpenses1Member5314952026-03-31OtherNoncurrentFinancialAssetsDomain15314952026-03-31OtherNoncurrentAssetsDomain15314952026-03-31OtherCurrentFinancialAssetsDomain15314952026-03-31OtherCurrentAssetsDomain15314952026-03-31OtherNoncurrentFinancialLiabilitiesDomain15314952026-03-31OtherCurrentFinancialLiabilitiesDomain15314952026-03-31OtherCurrentLiabilitiesDomain15314952026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15314952025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15314952026-01-012026-03-31AuditorDomain1iso4217:INRiso4217:INRxbrli:shares531495BLUECOASTNOTLISTEDINE472B01011Blue Coast Hotels LimitedMain BoardEquity2025-04-012026-03-312026-05-052026-04-29INRLakhsQuarterlyFourth quarterSingle segmentHotel2026-05-0510:30:002026-05-0513:40:00trueCash Flow IndirectDeclaration of unmodified opinion2026-01-012026-03-31AuditedConsolidated1233700050800012845000000223400045130005540004015000113160001529000015290000293200029320000-14030000000-1403000-955000-2358000000017192500010-0.14-0.1200-0.14-0.121. The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on May 05, 2026. The statutory auditors have carried out the Audit for the year ended March 31, 2026. <BR> 2. The figure for the quarter ended March 31, 2026 and March 31, 2025 are the balancing figures between audited figures in respect of the full financial year and the unaudited published year to date figure upto the 3rd quarter ended December 31, 2025 and December 31, 2024 respectively. <BR> 3. Pursuant to the handover of the Company’s only operating asset, the Company has incurred recurring losses, resulting in a negative net worth. The company is engaged in Hotel Business Segment. <BR> 4. During the financial year ended March 31, 2019, the Company handed over the possession of its sole operational asset, ‘Park Hyatt Goa Resort & Spa’, in compliance with the directions of the Hon’ble Supreme Court of India. This development has significantly affected the Company’s ability to continue as a going concern. Notwithstanding the aforesaid, the title to the aforementioned hotel property continues to vest with the Company. The Company has invoked its right of redemption and has accordingly filed a Redemption Petition before the Hon’ble High Court of Bombay at Goa. The said petition is currently pending adjudication. The final outcome of these proceedings may have a bearing on the purported sale of the hotel property located in Goa. <BR> 5. During the year, out of the total outstanding numbers of 5,03,910 CCPS of Rs.100 each, 2,55,200 CCPS were converted into 25,52,000 equity shares of Rs.10 each on 16th May, 2025. The remaining outstanding numbers of 2,48,710 CCPS of Rs.100 each will be converted into 24,87,100 equity shares of Rs.10 each within the prescribed time. As these instruments are already classified as equity, no further gain or loss will be recognized upon their conversion. The conversion will not involve any cash outflow/inflow however will result in an increase in the equity share capital of the Company. The impact of the conversion on dilution has been considered in the financial disclosures under EPS. <BR> 6. Pursuant to a SEBI investigation, the Company and its officials were issued a Show Cause Notice dated 04.03.2025 under Rule 4(1) of the SEBI (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995, alleging violations of the SEBI LODR Regulations and applicable Indian Accounting Standards. Without admitting or denying the findings of fact and conclusions of law, the Company and its Whole-Time Director (“WTD”) filed a settlement application. The same was accepted in principle vide email dated December 10, 2025, advising payment of the settlement amounts. Pursuant thereto, the Company paid Rs. 78.00 lakhs and the WTD paid Rs. 11.37 lakhs, and the settlement was approved by SEBI vide Settlement Order dated January 14, 2026. Accordingly, the proceedings stand disposed off. These Settlement charges shown as exceptional items in the consolidated financial result of the company. <BR> 7. Upon being referred from the Hon’ble Supreme Court, the Company has filed an Objection Petition before the Ld. Recovery Officer, acting on behalf of the Hon’ble Justice R.M. Lodha (Retd.) Committee in the matter of PACL Ltd., re-asserting its rightful claim over the balance auction proceeds of the Goa Hotel Property to the extent of Rs. 8500.00 lakhs, along with accrued interest (“Auction proceeds”), being the surplus amount out of the total auction proceeds of Rs. 51544.00 lakhs from the auction of the “Hotel Park Hyatt Goa Resort & Spa” owned by the Company. While dealing with the claim/ objection the Ld. Recovery Officer vide Order dated 10.11.2025, held the company liable to pay Rs. 26604.00 lakhs to PACL Ltd., and it also directed IFCI to remit Rs. 8500.00 lakhs with Interest from the Goa Hotel sale proceeds lying with it, to the Committee, subject to the final adjudication of proceedings pending before Bombay High Court, Goa Bench (W.P. No. 924 of 2018). <BR> Aggrieved by the said order, the Company approached the Hon’ble Supreme Court and, pursuant to its clarification, preferred an appeal before the Hon’ble Securities Appellate Tribunal (“SAT”). The Hon’ble SAT vide its order dated 13.03.2026, has directed that the said auction proceeds shall continue to remain with IFCI and has also granted a stay on initiation of recovery proceedings by SEBI in respect of the remaining alleged outstanding amount towards NCDs. The matter is presently pending adjudication. <BR> 8. In the absence of profits, the Company is currently in default with respect to the payment of dividend on redeemable preference shares amounting to Rs. 485.27 lakhs and the redemption of the 0.01% Redeemable Preference Shares, which stands at Rs. 551.89 lakhs due on 31.03.2026. The company will address these obligation as soon as financial conditions permit, and the required profits are available. <BR> 9. The Company has been incurring substantial expenses on a regular basis, resulting in significant operational losses. However, the management is of the view that these expenses are necessary to support proposed future operations and to address pending litigations. <BR> 10. The Company's accumulated operational losses and negative net worth as on 31.03.2026 indicates that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. The management believes that the company's future business plans and expected financial support from its wholly owned Subsidiary Company, M/s Blue Coast Hospitality Limited, to the extent which may be required by the Company to meet its obligations in future, mitigates these uncertainties. Considering these factors, the financial statements for the quarter ended 31.03.2026 have been prepared by the management on a going concern basis.2025-04-012026-03-31AuditedConsolidated203820003966000243480000007879000174530002649000906600037047000-12699000-5300000-179990000293200029320000-209310000000-20931000-2521000-23452000000017192500010-413383000-1.39-1.2100-1.39-1.21Other Expenses4015000Other Expenses90660002307600000050280000001801000001818000361900001451600046239000016325000294400017460000002101500001919000229340000069173000196796000-413383000-2165870000-216587000827680000003423000861910000008619100096689000015560001556000518590001501040001835000476300000019956900028576000069173000Other non-current financial assets1818000Other non-current assets14516000Other current financial assets0Other current assets1919000Other non-current financial liabilities3423000Other current financial liabilities51859000Other current liabilities1835000174530000-2944000021350000000-10340000409370000264900000000057000810000-2521000015830000005812000040121000000293200003718900000000000036000289500016000000000000002921000000005700081000004318000000000000000174530000-23494000-40947000560000056000011860001746000Net change in fair value of investments carried at fair value through OCI-955000-955000Net change in fair value of investments carried at fair value through OCI-2521000-252100000-955000-2521000AuditedtrueVIRENDER K JAIN AND ASSOCIATEStrue2027-05-31