Eco Hotels revises rights issue call payment dates to June 30

1 min read     Updated on 15 Jun 2026, 01:35 PM
scanx
Reviewed by
Ashish TScanX News Team
AI Summary

Eco Hotels and Resorts Ltd revised the payment period for the Third and Final Call of its Rights Issue, moving the opening date to June 16, 2026, and the closing date to June 30, 2026. The Rights Issue Committee approved the changes on June 15, 2026, citing technical reasons for the adjustment. All other terms of the original notice dated May 30, 2026, remain unchanged.

powered bylight_fuzz_icon
43056328

*this image is generated using AI for illustrative purposes only.

Eco Hotels and Resorts Ltd has revised the payment period for the Third and Final Call of its Rights Issue due to technical reasons. The Rights Issue Committee approved the changes on June 15, 2026, extending the window for eligible shareholders to make the necessary payments. The revision impacts the opening and closing dates of the call money period, ensuring shareholders have adequate time to respond.

The Committee approved a Corrigendum to the Notice of Third and Final Call on partly paid-up equity shares, which was originally dated May 30, 2026. The adjustments were made to address technical issues encountered during the process. The company stated that all other terms and conditions outlined in the original Third and Final Call Notice and Advertisement published on June 03, 2026, remain unchanged.

Revised Schedule for Third and Final Call

The following table details the changes to the Rights Issue schedule:

Particulars Old Date Revised Date
Issue Opening Date Monday, June 15, 2026 Tuesday, June 16, 2026
Issue Closing Date Monday, June 29, 2026 Tuesday, June 30, 2026

Eligible shareholders are requested to take note of the revised dates and ensure that payment of the Third and Final Call is made within the new period. The Corrigendum cum addendum is available on the company's website. The communication was submitted to the stock exchanges pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Historical Stock Returns for ECO Hotels & Resorts

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%+7.96%+6.86%+14.65%-9.98%+97.99%

What specific technical issues necessitated the extension of the Rights Issue payment period?

How might this delay impact the company's planned capital allocation or upcoming projects?

Will the revised schedule affect the company's compliance with other regulatory timelines or financial covenants?

Eco Hotels final call payment window opens June 15

1 min read     Updated on 03 Jun 2026, 11:32 AM
scanx
Reviewed by
Naman SScanX News Team
AI Summary

Eco Hotels and Resorts Limited has opened the payment window for the third and final call of ₹3.80 per share, open from June 15 to June 29, 2026. The company has dispatched notices and published advertisements in newspapers. Shareholders must pay to convert partly paid-up shares, with non-payment incurring interest and potential forfeiture.

powered bylight_fuzz_icon
41871738

*this image is generated using AI for illustrative purposes only.

Eco Hotels and Resorts Limited has opened the payment window for the third and final call money of ₹3.80 per share, requiring shareholders to pay the amount by June 29, 2026, to convert their partly paid-up equity shares into fully paid-up shares. The call comprises ₹2.50 towards paid-up value and ₹1.30 towards premium. The company has completed the dispatch of call notices via electronic mode on May 30, 2026, and physical copies on June 1, 2026, to eligible shareholders as on the record date of May 29, 2026. The company also published newspaper advertisements regarding the notice in Financial Express, Jansatta, and Metro Vaartha on June 3, 2026.

The Rights Issue Committee approved the final call on May 23, 2026, affecting 1,28,76,808 partly paid-up rights equity shares issued at an issue price of ₹15.20. Trading of the partly paid-up shares (ISIN: IN9638N01036) has been suspended from May 29, 2026, until the conversion process is completed. Shareholders who have paid all calls can expect credit of fully paid-up shares within three weeks from the payment closure date.

Payment Schedule and Modes

The payment period for the third and final call is strictly 15 days. Shareholders can utilize various modes including Online ASBA, Physical ASBA, and 3-in-1 online trading accounts facilitated by brokers.

Payment Period From To Duration
Third and Final Call Monday, June 15, 2026 Monday, June 29, 2026 15 days

Consequences of Non-Payment

The company has outlined specific consequences for shareholders failing to meet the payment deadline. Interest at 10.00% per annum will be charged for any delay in payment beyond June 29, 2026. Additionally, the company reserves the right to deduct outstanding amounts from future dividends. Failure to pay may also lead to the forfeiture of the partly paid-up equity shares in accordance with the Articles of Association and the Letter of Offer.

Registrar and Contact Details

All correspondence regarding the call money payment should be addressed to Bigshare Services Private Limited, the Registrar and Transfer Agent. Shareholders can seek clarifications via email at rightsissue@bigshareonline.com or by calling +91 022 62638200. Detailed instructions and the ASBA application form are available on the company’s website and the registrar’s portal.

Historical Stock Returns for ECO Hotels & Resorts

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%+7.96%+6.86%+14.65%-9.98%+97.99%

What impact will the suspension of trading for partly paid-up shares have on liquidity and investor sentiment until the conversion is completed?

How will the company utilize the capital raised from this final call, and what are the expected benefits for shareholders?

What is the projected timeline for the resumption of trading of the fully paid-up shares after the conversion process is finalized?

More News on ECO Hotels & Resorts

1 Year Returns:-9.98%