Corporate Action13 May 2026, 02:28 pm
Blue Coast Hotels Allots 24,87,100 Shares on CCPS Conversion
AI Summary
Blue Coast Hotels Ltd has allotted 24,87,100 equity shares following the conversion of Compulsory Convertible Preference Shares (CCPS). The allotment was made to various entities under the 'Promoter & Promoter Group' category, with each allottee receiving 2,26,100 shares. Post-allotment, the paid-up equity share capital of the company increased to ₹19,67,95,570, comprising 1,96,79,557 equity shares of face value ₹10 each. The board also re-appointed M/s Sidharth K Agarwal & Co. as the Internal Auditor for FY 2026-27.
Key Highlights
- Blue Coast Hotels allots 24,87,100 equity shares upon conversion of CCPS.
- Allotment made to promoter group entities via preferential allotment.
- Paid-up equity share capital increases to ₹19,67,95,570 post allotment.
- M/s Sidharth K Agarwal & Co. re-appointed as Internal Auditor for FY27.
Price Impact
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