Blue Coast Hotels Limited Defaults on ₹14.52 Crore Preference Share Redemption
Blue Coast Hotels Limited defaulted on ₹14.52 crore redemption of 0.01% Redeemable Preference Shares on October 30, 2026. The default includes ₹9.67 crore principal and ₹4.85 crore dividend. The company's total financial indebtedness is ₹34.57 crore.
A default on debt obligations can significantly impact the company's financial health, credit rating, and investor confidence.
The company has defaulted on its payment obligations for preference shares, indicating financial distress.
Blue Coast Hotels Limited has disclosed a default on the redemption of its 0.01% Redeemable Preference Shares (RPS) issued to promoters (Body Corporate).
The default, which occurred on October 30, 2026, amounts to ₹14.52 crore, comprising ₹9.67 crore in principal and ₹4.85 crore in dividend.
These RPS were originally issued with an amount of ₹9.67 crore and a tenure of 30 years. The redemption was scheduled to occur in stages, with 10% of the RPS to be redeemed annually from October 30, 2023, until October 30, 2032. The dividend rate is 0.01%. The shares are unsecured.
The total financial indebtedness of the company, excluding the dividend amount, stands at ₹34.57 crore.
Shareholders had previously approved an extension of the redemption tenure by 15 years through a postal ballot on September 20, 2017. Subsequent variations in the RPS rights included a reduction in the coupon rate to 0.01% on September 28, 2024. Additionally, certain RPS were converted into Compulsorily Convertible Preference Shares (CCPS) and subsequently into equity shares on various dates in 2024 and 2025, with the final allotment of equity shares upon CCPS conversion occurring on May 13, 2026.
What to do with a filing like this
Blue Coast Hotels Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Blue Coast Hotels Limited. Read the original for the full detail.