Eco Hotels issues final forfeiture notice for unpaid rights issue calls
Eco Hotels and Resorts Ltd has escalated its recovery efforts for the rights issue by issuing a final forfeiture notice. The Rights Issue Committee approved the action on July 23, 2026, giving shareholders until August 10, 2026, to pay outstanding call money and interest. Failure to comply will lead to the cancellation of partly paid-up shares. This move concludes a series of reminders issued since January 2026.

*this image is generated using AI for illustrative purposes only.
Eco Hotels and Resorts Ltd has issued a Final Reminder-Cum-Forfeiture Notice to shareholders who have failed to pay outstanding call money related to its recent rights issue. The Rights Issue Committee approved the notice during its meeting on July 23, 2026, setting a strict deadline of August 10, 2026, for payments. Failure to remit the applicable First, Second, Third, or Final Call money, along with accrued interest, by this date will result in the forfeiture of the partly paid-up equity shares held by defaulting investors. This action marks the final step in the collection process before shares are cancelled, directly impacting the capital structure and ownership distribution of the company.
The notice applies to holders of partly paid-up equity shares allotted under the rights issue who have not cleared their dues despite previous reminders. The company had previously issued a First Call Money Notice on January 09, 2026, followed by a reminder on March 04, 2026. Subsequent communications included a Second Call Notice on March 21, 2026, a combined reminder on May 04, 2026, a Third and Final Call Money Notice on May 30, 2026, and another reminder on June 22, 2026. Despite these multiple opportunities, some shareholders have remained in arrears, necessitating the final enforcement action.
| Timeline Event | Date |
|---|---|
| First Call Money Notice | January 09, 2026 |
| First Reminder Notice | March 04, 2026 |
| Second Call Notice | March 21, 2026 |
| Reminder for First/Second Call | May 04, 2026 |
| Third and Final Call Notice | May 30, 2026 |
| Final Reminder (June) | June 22, 2026 |
| Forfeiture Notice Approved | July 23, 2026 |
| Payment Deadline | August 10, 2026 |
Shareholders who have already paid the call money on the original due dates are advised to ignore this notice. For those still owing amounts, the company has provided specific payment instructions and slips attached to the notice. A specimen copy of the Final Reminder-Cum-Forfeiture Notice is available on the company’s website at www.ecohotels.in . The disclosure was submitted to BSE Limited in compliance with Regulation 30 and Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Heena Supadia, Company Secretary & Compliance Officer, signed the intimation on July 23, 2026. The Rights Issue Committee meeting commenced at 7:30 p.m. and concluded at 7:50 p.m. at the company's corporate office in Mumbai. Eco Hotels and Resorts Ltd operates under brands such as THE ECOâ„¢, THE ECO GRANDâ„¢, ECOXPRESSâ„¢, ECOVALUEâ„¢, ECO BOUTIQUEâ„¢, and ECO RESORTâ„¢, alongside F&B brands including SAHAR, GG'S, KICK IN THE BRICK, and EcoSip Cafe. The company is promoted by Eco Hotels UK PLC.
Historical Stock Returns for ECO Hotels & Resorts
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.00% | -3.31% | -17.17% | +3.64% | -31.49% | +41.29% |
What percentage of the total rights issue allotment is expected to be forfeited, and how will this impact Eco Hotels' final capital raise targets?
How might the forfeiture of shares affect the company's ownership structure, particularly regarding the control held by promoter Eco Hotels UK PLC?
Will the forfeited shares be re-allotted to other investors or added to the company's treasury stock, and what is the timeline for this process?


































