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Blue Coast Hotels Limited missed a Rs 14.52 crore payment on preference shares to promoters
30-Oct-2026, 09:32
Blue Coast Hotels Limited disclosed a default of Rs 14.52 crore on payment pertaining to the redemption of 0.01% Redeemable Preference Shares (RPS) issued to promoters, according to a filing with the National Stock Exchange of India Ltd. and BSE Limited on October 30, 2026; the default comprises a principal of Rs 9.67 crore and dividend of Rs 4.85 crore, with a redemption date of October 30, 2032, and a dividend rate of 0.01% per annum.