Eco Hotels & Resorts has scheduled its 39th Annual General Meeting for September 30, 2026. The meeting will convene via video conferencing to transact ordinary and special business items.

Sweat Equity Issue

The primary special business item involves the issuance of sweat equity shares to Vinod Kumar Tripathi, the company's Executive Chairman. Shareholders will be asked to approve the issuance of up to 12,87,681 shares with a face value of ₹10 each.

The issue price is set at ₹13.65 per share, aggregating to a total value of ₹1,75,76,845.65. This price exceeds the closing market price of ₹9.96 per equity share as on August 31, 2026. The shares are intended as part remuneration for value addition by Tripathi during his employment.

The issuance is subject to vesting and issuance conditions outlined in the employment agreement approved by the Nomination and Remuneration Committee. The shares may be issued in one or more tranches.

Ordinary Business

The ordinary business agenda includes receiving, considering, and adopting the audited financial statements for the fiscal year ended March 31, 2026. This covers both standalone and consolidated statements along with the reports of the Board of Directors and Auditors.

Additionally, the meeting will address the re-appointment of Suchit Punnose as a director. Punnose retires by rotation but is eligible and has offered himself for re-appointment.

Auditor Appointment

Shareholders will also vote on the appointment of M/s. K. M. Garg & Co. as the Statutory Auditors. The firm, holding Registration No. 120712W, is proposed for a first term of five years. This tenure extends from the conclusion of the current AGM until the conclusion of the 44th Annual General Meeting in 2031. Remuneration will be determined by the Audit Committee or Board of Directors from time to time.

E-Voting Schedule

Shareholders can participate in e-voting from September 27, 2026, at 9:00 am until September 29, 2026, at 5:00 pm. The cut-off date for e-voting eligibility is September 23, 2026.

Eco Hotels & Resorts Limited has launched Eco Satva Shirdi, a 58-room property in Shirdi, Maharashtra. The opening marks the company's expansion into high-potential pilgrimage destinations.

The launch brings the company's total operational room count to over 280 rooms. This addition supports its strategy to diversify across pilgrimage, leisure, and business markets in India.

Expansion Timeline

The company plans to add two more properties within the next 45 days, ahead of Diwali:

• A 52-room property in Chhatrapati Sambhaji Nagar (launching October)
• A 16-room boutique hotel in Ayodhya

These additions will take the total portfolio to approximately 350 rooms.

Property Details

Located on Nagar Manmad Road in Nimgaon Korhale, Shirdi, the hotel features a swimming pool and multiple food and beverage outlets. These include Sahar (pure vegetarian Satvik restaurant), a rooftop restaurant and bar, EcoSip Café, and Pan Asian and Continental dining options.

Leadership Commentary

Vinod Kumar Tripathi, Executive Chairman, stated that Shirdi offers significant potential as a year-round pilgrimage destination. He emphasized the focus on creating a scalable business platform to support the next phase of growth.

Vikram Doshi, Director Finance and CFO, noted that Shirdi is emerging as a promising business hub due to government development initiatives, including a new MIDC. He expressed confidence in driving stronger occupancy and improving Average Room Rate (ARR) at the property.

What the Numbers Show

The rapid expansion from 280 to 350 rooms within weeks indicates an aggressive asset-light or acquisition-led growth strategy. The focus on pilgrimage towns like Shirdi and Ayodhya suggests a bet on sustained domestic travel demand rather than cyclical business travel recovery.