Eco Hotels and Resorts Limited has officially announced January 8, 2026 as the record date for its first call on outstanding partly paid-up equity shares, following the Rights Issue Committee meeting held on January 2, 2026. The company communicated this decision to BSE Limited under Regulation 42 of SEBI LODR Regulations, 2015.

Rights Issue Committee Meeting Outcome

The Rights Issue Committee meeting, which commenced at 2:00 PM and concluded at 2:15 PM on January 2, 2026, approved making the first call on the company's outstanding partly paid-up equity shares. The committee's decisions were formally communicated to BSE Limited under Regulation 30 and 42 of SEBI LODR Regulations, 2015.

First Call Implementation Details

The committee has approved the first call of ₹3.80 per partly paid-up equity share, which will be allocated as ₹2.50 towards face value and ₹1.30 towards securities premium. The record date has been set as Thursday, January 8, 2026, for determining eligible shareholders who will receive the call notice.

Rights Issue Background

The current first call follows the company's rights issue that was allotted on September 26, 2025, pursuant to the Letter of Offer dated August 29, 2025, and subsequent corrigendums dated September 4 and September 16, 2025. The original rights issue was conducted with a rights ratio of 1:4.

Company Profile

Eco Hotels and Resorts Limited operates multiple hospitality brands including THE ECO™, THE ECO GRAND™, ECOXPRESS™, ECOVALUE™, ECO BOUTIQUE™, ECO RESORT™, and THEECO SATVA™, along with F&B brands SAHAR, GG'S, KICK IN THE BRICK, SAMPARK, SANJH, and SANDHAY. The company is listed on BSE with scrip code 514402 and maintains its registered office in Cochin, Kerala, with corporate office in Mumbai.

Shareholders are advised to monitor further communications regarding the first call notice, which will be sent to eligible equity shareholders as determined by the January 8, 2026 record date.

Eco Hotels and Resorts Limited has announced a significant expansion initiative with its Board of Directors granting in-principle approval for acquiring 11 hotel properties across major Indian cities on a long-term lease basis. The decision was made during a board meeting held on December 26, 2025, marking a strategic move to strengthen the company's presence in key hospitality markets.

Greenfield Development Projects

The expansion plan includes three greenfield projects that will establish new hotel properties from the ground up:

Brownfield Property Acquisitions

The company plans to acquire seven existing properties for renovation and rebranding across strategic locations:

Bangalore and Gurugram Properties

• Bangalore (Koramangala): 40-room property featuring rooftop facilities, banquet hall, restaurant, and ground floor cafeteria
• Gurugram (Sector 52): 32-room property with restaurant and banquet facilities

Religious Tourism Destinations

The company is targeting properties in prominent pilgrimage destinations:

Udaipur Heritage Properties

Two properties in the heritage city of Udaipur are included in the acquisition plan:

• Property 1: 20 rooms with rooftop restaurant accommodating 35-40 guests and ground floor cafeteria
• Property 2: 43 rooms with banquet and restaurant facilities on the ground floor

Ready-to-Operate Asset

The expansion includes one ready project in Hyderabad's Hitech City area, featuring 48 rooms and a rooftop restaurant, allowing for immediate operational integration.

Strategic Implementation

The Board of Directors has emphasized the importance of thorough evaluation before finalizing any agreements. Management has been advised to conduct comprehensive due diligence prior to entering into lease agreements for these properties. This cautious approach reflects the company's commitment to strategic growth while maintaining operational excellence.

The board meeting, which commenced at 4:30 PM and concluded at 6:45 PM on December 26, 2025, demonstrates Eco Hotels and Resorts Limited's ambitious expansion strategy across diverse market segments including business hotels, heritage tourism, and religious pilgrimage destinations.