Financial Results Approval

The Board, based on the recommendation of the Audit Committee, approved the following:

  • Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026
  • The results include a Limited Review Report by the Statutory Auditor

Standalone Financial Results (Rs in lakhs)

  • Revenue from Operations: ₹221.02 (Q1 FY27) vs ₹248.77 (Q4 FY26) vs ₹28.77 (Q1 FY26)
  • Net Sales/Operating Income: ₹217.98
  • Other Income: ₹3.04
  • Total Expenses: ₹629.10
  • Cost of F&B Consumed: ₹51.90
  • Employee benefits expense: ₹163.09
  • Finance cost: ₹131.87
  • Depreciation and amortization: ₹100.20
  • Other Expenses: ₹182.03
  • Profit before tax: (₹408.08) loss
  • Tax Expenses: Nil current tax; Deferred tax not applicable for current quarter
  • Profit/(loss) for the period: (₹408.08) loss
  • Earnings Per Share (Basic & Diluted): (₹0.68)
  • Paid-up Equity Share Capital: ₹5,253.74 lakhs (face value ₹10 each)
  • Partly Paid-up Equity Share Capital:
  • ₹7.5 each: ₹1,054.65 lakhs
  • ₹5 each: ₹9.26 lakhs
  • ₹2.5 each: ₹223.77 lakhs

Consolidated Financial Results (Rs in lakhs)

  • Total Revenue: ₹221.18
  • Net Sales/Operating Income: ₹217.98
  • Other Income: ₹3.21
  • Total Expenses: ₹635.62
  • Profit before tax: (₹414.44) loss
  • Profit/(loss) for the period: (₹414.44) loss
  • Attributable to owners of the company: (₹410.54)
  • Attributable to non-controlling interest: (₹3.90)
  • Earnings Per Share (Basic & Diluted): (₹0.69)

Auditor Appointments

The Board approved the following appointments based on Audit Committee recommendations:

1. Internal Auditor: M/s. Bansi Jain & Co., Chartered Accountant, Mumbai for FY 2026-27

2. Statutory Auditor: Re-appointment of M/s. K M Garg & Co., Chartered Accountant, Mumbai for first term of 5 years from 39th AGM till 44th AGM, subject to member approval

Annual General Meeting

The Board decided to convene the 39th Annual General Meeting on Wednesday, September 30, 2026, at 3:00 PM (IST) through Video Conferencing/Other Audio Visual Means.

Rights Issue Update

The Board approved an extension of the payment period under the Reminder-cum-Forfeiture Notice. Shareholders may make payment for partly paid Rights Issue Equity Shares up to August 31, 2026, failing which such shares shall be liable for forfeiture.

Operational Performance Review

The Board reviewed operational performance and noted:

  • Banquet and F&B sales were impacted in April-June 2026 quarter due to Middle East war and gas crisis
  • Occupancy levels were adversely affected during the period
  • Management is working to achieve annual targets, with potential revisions after Q2 performance assessment
  • New property openings scheduled:
  • Shirdi: August 25, 2026
  • Chhatrapati Shambhajinagar (Aurangabad): October 1, 2026
  • Ayodhya Boutique hotel: September 15, 2026
  • Mysuru: January 1, 2027
  • Efforts underway to acquire new properties on revenue share or management contract basis to save capital

Disclosure and Publication

The results will be published in newspapers per Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 and made available on the company's website https://ecohotels.in and BSE website www.bseindia.com.

Limited Review Report

The statutory auditors, M/s. K.M. Garg & Co., issued a limited review report stating that nothing has come to their attention that causes them to believe that the financial results contain any material misstatement. The review was conducted in accordance with SRE 2410.

Subsidiaries Included in Consolidated Results

  • Eco Hotels India Private Limited
  • Eco Hotels Ayodhya Private Limited