Board Meeting13 May 2026, 01:54 pm
Blue Coast Hotels Allots 24.87 Lakh Equity Shares
AI Summary
Blue Coast Hotels Ltd's board meeting on May 13, 2026, approved the allotment of 24,87,100 equity shares of face value ₹10 each, following the conversion of 2,48,710 CCPS at a conversion price of ₹10 each via preferential allotment to promoter group entities. Post-allotment, the paid-up equity share capital increased to ₹19,67,95,570, comprising 1,96,79,557 equity shares. The board also re-appointed the Internal Auditor for FY 2026-27.
Key Highlights
- 24,87,100 equity shares allotted upon conversion of CCPS.
- Paid-up equity share capital increased to ₹19,67,95,570.
- Internal Auditor re-appointed for FY 2026-27.
- Allotment done via preferential allotment to promoter group.
Price Impact
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