Eco Hotels issues final forfeiture notice for unpaid rights issue calls

2 min read     Updated on 23 Jul 2026, 11:06 PM
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Reviewed by
Riya DScanX News Team
AI Summary

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.

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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 Day5 Days1 Month6 Months1 Year5 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?

Eco Hotels expands culinary footprint with distinctive restaurant brands

2 min read     Updated on 16 Jul 2026, 12:10 PM
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Ashish TScanX News Team
AI Summary

Eco Hotels and Resorts Limited is expanding its culinary footprint across India with a portfolio of distinctive restaurant brands including Sahar, GG's Rooftop Lounge, Kick In the Brick, and EcoSip Café. The company plans to launch a premium non-vegetarian restaurant soon to further diversify its offerings. Strategic partnerships with travel companies like Kesari Tours and a 13% stake acquisition by EaseMyTrip support its growth in the sustainable hospitality sector.

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Eco Hotels and Resorts Limited is strengthening its presence in India's food and beverage sector with a growing portfolio of concept-driven restaurants and cafés that offer unique culinary experiences for every occasion. Designed to appeal to both hotel guests and local diners, the company's restaurant brands combine authentic flavours, thoughtfully curated menus, and memorable hospitality to create destination dining experiences.

The company's culinary portfolio currently includes Sahar, GG's Rooftop Lounge, Kick In the Brick, and EcoSip Café, with a premium non-vegetarian restaurant set to launch soon. Together, these concepts reflect Eco Hotels and Resorts' vision of building distinctive restaurant brands that cater to evolving consumer preferences while complementing its hospitality business.

Current Restaurant Portfolio

The following table outlines the current restaurant brands operated by the company:

Brand Name Cuisine Type Key Features
Sahar 100% Pure Vegetarian, Satvik, No Onion No Garlic, Jain Flagship restaurant celebrating purity and mindful eating with traditional Indian recipes.
GG's Rooftop Lounge 100% Vegetarian Pan Asian and Continental Offers panoramic city views and an elevated family dining experience in a sophisticated rooftop setting.
Kick In the Brick Global Vegetarian Combines cuisine with music, live entertainment, sports screenings, and a vibrant family lounge atmosphere.
EcoSip Café Café Fare Offers artisan coffee, premium teas, and freshly prepared favourites in a warm contemporary ambience.

Expansion Strategy

Continuing its culinary journey, Eco Hotels and Resorts will soon introduce a premium non-vegetarian restaurant that celebrates India's rich regional culinary traditions alongside international favourites. The launch represents the next phase of the company's food and beverage expansion strategy and will further strengthen its diverse dining portfolio.

Commenting on the company's growing culinary portfolio, Chirag More, Head, Marketing & F&B Business, Eco Hotels and Resorts Limited, said, "At Eco Hotels and Resorts Limited, we believe every restaurant should have its own soul, identity, and story. Our vision goes beyond serving great food. We strive to create memorable dining experiences through authentic flavours, thoughtful hospitality, and distinctive ambience. Every concept in our portfolio has been thoughtfully developed to cater to different dining preferences while upholding our commitment to quality, innovation, and consistency."

Strategic Partnerships

To enhance market reach and accessibility, Eco Hotels and Resorts Limited has established strategic partnerships with leading travel companies such as Kesari Tours Pvt. Ltd., My Travel Bazaar, and Riya Travels. Furthermore, EaseMyTrip (EMT) has acquired a significant 13% stake in Eco Hotels & Resorts Limited (EHRL), marking a strategic move into the sustainable hospitality sector. This alliance is expected to create strong synergies and enhance guest experiences while contributing to the future growth of both hospitality and travel services.

Historical Stock Returns for ECO Hotels & Resorts

1 Day5 Days1 Month6 Months1 Year5 Years
-2.00%-3.31%-17.17%+3.64%-31.49%+41.29%

What is the expected timeline and location for the launch of the upcoming premium non-vegetarian restaurant?

How will the recent strategic investment by EaseMyTrip specifically influence the company's customer acquisition and cross-promotional strategies?

Does Eco Hotels and Resorts plan to franchise these standalone restaurant brands to accelerate expansion outside of its hotel properties?

More News on ECO Hotels & Resorts

1 Year Returns:-31.49%