NewsEco Hotels and Resorts Limited converts partly paid-up rights equity shares to ₹7.50 paid-up valueEco Hotels and Resorts Limited converts partly paid-up rights equity shares to ₹7.50 paid-up value
Eco Hotels and Resorts Limited converted 85,45,990 partly paid-up rights equity shares from ₹5.00 to ₹7.50 paid-up value on April 29, 2026, receiving ₹3,44,07,757.40 from shareholders who paid both calls. The shares, originally allotted in September 2025 with ₹10 face value, will rank pari passu with existing equity shares.
*this image is generated using AI for illustrative purposes only.
Eco Hotels and Resorts Limited has converted 85,45,990 partly paid-up rights equity shares from ₹5.00 to ₹7.50 paid-up value following the receipt of payments for the first reminder call and second call. The Rights Issue Committee of the company approved this conversion at its meeting held on April 29, 2026, which commenced at 06:15 p.m. and concluded at 06:35 p.m.
The rights equity shares have a face value of ₹10 each and were initially paid-up to the extent of ₹2.50 per share on application. The first reminder call and second call each amounted to ₹3.80 per share, comprising ₹2.50 towards face value and ₹1.30 towards securities premium. Upon payment of the first call including reminder, the paid-up value increased to ₹5.00 per share, and upon payment of the second call, it further increased to ₹7.50 per share.
Key Details of the Conversion
| Parameter | Details |
|---|---|
| Total shares converted | 85,45,990 |
| Face value per share | ₹10 |
| Paid-up value before conversion | ₹5.00 |
| Paid-up value after conversion | ₹7.50 |
| Amount received | ₹3,44,07,757.40 |
| Date of conversion approval | April 29, 2026 |
The rights equity shares were originally allotted on September 26, 2025, on a rights basis pursuant to the Letter of Offer dated August 29, 2025, along with corrigendums dated September 04, 2025, and September 16, 2025. The conversion applies to shareholders who have paid both the first reminder call and the second call.
The converted rights equity shares shall continue to rank pari passu with the existing equity shares of the company, in proportion to the amount paid-up thereon. The company shall take necessary steps for corporate actions and for obtaining listing and trading approvals in respect of the converted rights equity shares.
This intimation was made to BSE Limited under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The disclosure is for the information of members and the public at large.
Historical Stock Returns for ECO Hotels & Resorts
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.82% | -13.49% | +48.47% | -11.71% | -9.69% | +47.16% |
How will the ₹34.4 crore capital infusion impact Eco Hotels' expansion plans across its multiple hotel brands?
What percentage of shareholders failed to convert their partly paid-up shares, and will the company initiate forfeiture proceedings?
Will the increased paid-up capital strengthen Eco Hotels' balance sheet enough to pursue acquisitions in the hospitality sector?
16
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
