ECO Hotels & Resorts

EcoHotels and Resorts Limited reported a net loss of Rs 17.48 lakhs for the quarter ended September 30, 2025, compared to a loss of Rs 25.05 lakhs in the previous quarter. The company's statutory auditor Girish L. Shethia resigned due to pre-occupation with other assignments, after serving since September 29, 2025. The board recommended appointing K.M. Garg Co., Chartered Accountants as the new statutory auditor, subject to shareholder approval. The company also approved a postal ballot notice seeking shareholder approval for the auditor appointment and the appointment of Vikram Kantilal Doshi as Whole-Time Director designated as Director-Finance. Revenue from operations was Rs 2.58 lakhs for the quarter. The company operates in the hotel operations and management business.

ECOHOTELS announced multiple leadership changes following a board meeting on October 13, 2025. The company appointed Mr. Vikram Doshi as Additional Director with the designation of Whole-time Director for a three-year term from October 13, 2025 to October 12, 2028. Doshi is a qualified Chartered Accountant and Company Secretary with over 15 years of experience in finance, accounts, compliance, and audit, having previously worked with Ernst and Young, Reliance Capital Limited, and Nayara Energy Limited. Ms. Nidhi Baldwa resigned as Company Secretary & Compliance Officer effective October 31, 2025, citing personal and professional commitments. CS Heena Supadia was appointed as the new Company Secretary and Compliance Officer effective November 1, 2025. Supadia is an Associate Member of the Institute of Company Secretaries of India with 9 years of experience. The Nomination and Remuneration Committee approved granting 63,000 ESOPs under the company's Employee Stock Option Plan 2023-Modified. The board also discussed operational hotel status and ongoing developments, including a dispute involving Kota Property for which a Committee of Directors was formed.

Eco Hotels and Resorts launched Ecoxpress Satva in Varanasi, marking its entry into spiritual tourism with a specialized pure vegetarian hospitality concept. The 35-room property brings the company's operational room count to 171 and is located in Jai Prakash Nagar near major pilgrimage sites including Dashashwamedh Ghat and Kashi Vishwanath Temple. The hotel positions itself as the first in Varanasi to maintain completely separate kitchens, utensils and dining infrastructure for vegetarian offerings. It operates two dining outlets - Sahar Restaurant serving meals following Jain and Vaishnav principles, and Kick in the Brick offering Pan-Asian and Continental vegetarian cuisine. The property features premium amenities including 400-thread count linen, 650 GSM bath towels, orthopaedic mattresses, and a 2,000-sq-ft banquet facility with LED screen. The BSE-listed company plans additional openings in Sambhajinagar, Shirdi, Nagpur and Vadodara within six-eight months, targeting over 350 operational rooms. EaseMyTrip holds a significant stake in Eco Hotels and Resorts.