Eco Hotels and Resorts Limited has filed a regulatory disclosure regarding the forfeiture of partly paid-up right issue equity shares due to non-payment of call money by shareholders.

Board Approval and Forfeiture Details

The Board of Directors, at its meeting held on October 13, 2026, approved the forfeiture of 13,61,580 partly paid-up equity shares of face value of ₹10 each. The forfeiture is subject to compliance with the provisions of the Companies Act, 2013, the Articles of Association of the Company, and other applicable laws.

Notice Dispatch Details

The Notice of Forfeiture dated October 16, 2026 was dispatched to concerned shareholders through electronic mode on October 16, 2026, with physical dispatch completed on October 17, 2026.

Background of Rights Issue

The company had issued up to 12,876,808 partly paid-up Equity Shares of face value of ₹10 each at a price of ₹15.20 per equity share (including premium of ₹5.20 per share) through a rights issue. The issue size was up to ₹1,957.27 lakhs (approximately ₹19.57 crore) with a ratio of 1 partly paid-up Rights Equity Share for every 4 fully paid-up Equity Shares held as of the Record Date of August 29, 2025.

Call Money Payment Timeline

  • Application Amount: ₹3.80 per Rights Share received at application
  • Allotment Date: Friday, September 26, 2025
  • First Call: ₹3.80 (₹2.50 paid-up value + ₹1.30 premium) approved on January 2, 2026, payment period January 27-February 10, 2026
  • Second Call: ₹3.80 (₹2.50 paid-up value + ₹1.30 premium) approved on March 14, 2026, payment period April 7-21, 2026
  • Third & Final Call: ₹3.80 (₹2.50 paid-up value + ₹1.30 premium) approved on May 23, 2026, payment period June 15-29, 2026

Reminder Notices and Final Warning

The company sent reminder notices to shareholders who had not paid the call money and issued final notices on July 25, 2026 and August 17, 2026, warning that failure to pay would render the shares liable to forfeiture.

Consequences of Forfeiture

The forfeiture of shares involves extinction of all interest in and all claims and demands against the company in respect of the forfeited shares and all other rights incidental thereto. Forfeited shares become the property of the Company, which may sell, dispose, or cancel the forfeiture on such terms as it thinks fit.

Additional Information

The intimation is being uploaded on the Company's website at www.ecohotels.in. The notice includes fields for shareholder details including name, address, phone number, PAN, joint holders, DP ID/Client ID, and number of shares held, though these are blank in the template provided.