30-Oct-2026 20:47:12

BLUECOAST : DISCLOSES RS 14.52 CR DEFAULT ON REDEEMABLE PREFERENCE SHARES

• Date of default 30 October 2026 on 0.01% Redeemable Preference Shares (ISIN: INE472B04015) issued to promoter body corporates • Current default amount at ₹14.52 Cr, comprising principal of ₹9.67 Cr and dividend of ₹4.85 Cr • 11 holders of the security as on date of default; instrument is unsecured with final redemption date of 30 October 2032 • Total financial indebtedness of the company at ₹34.57 Cr (excluding the dividend amount) • Coupon on outstanding RPS was cut from 10% to 0.01% per annum on 28 September 2024; part of the RPS was converted into equity in stages through May 2026

Blue Coast Hotels Ltd

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