Nature of the Disclosure
This is a regulatory disclosure submitted to the BSE Listing Operations Department concerning the outcome of a meeting of the Rights Issue Committee of Eco Hotels and Resorts Limited.
Key Decisions and Actions
On July 03, 2026, the Rights Issue Committee met and approved two primary actions concerning the company's recent Rights Issue of partly paid-up equity shares:
- Waiver of Interest: The committee approved the waiver of interest on delayed payment of the First and Second Call Money. This waiver applies specifically to shareholders who paid their outstanding call money after the respective original due dates but in response to a reminder notice issued on June 22, 2026.
- Refund of Interest: The committee further approved the refund of any interest amount that had already been collected from the shareholders described above.
Conditions and Exclusions
The committee explicitly noted that the waiver and refund are not applicable to shareholders who continue to remain in default of payment for the First, Second, Third, and/or Final Call Money. Such defaulting shareholders remain liable to pay all outstanding call money along with the applicable interest as per the company's Articles of Association until the date of actual payment.
Meeting and Authority
The meeting was held from 02:30 pm IST to 02:45 pm IST on July 03, 2026. The committee was acting under powers delegated by the Board of Directors and in accordance with the company's Articles of Association.
Purpose and Addressees
The disclosure is made for the information of the BSE stock exchange and all shareholders of the company.