ECOS Mobility & Hospitality has disclosed a substantial acquisition by Bandhan Mutual Fund under SEBI regulations on December 17, 2025. The mutual fund acquired 1,00,000 equity shares on December 12, 2025, through its Bandhan Large Mid Cap Fund scheme via open market purchases, increasing its total shareholding from 9.19% to 9.35% of the company's paid-up capital.

Regulatory Disclosure and Compliance

The acquisition triggered mandatory disclosure requirements under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Bandhan Mutual Fund filed the disclosure under Regulation 29(2) on December 16, 2025, as the holding increased by more than 2% of the company's paid-up capital. The company subsequently informed both BSE Limited and National Stock Exchange of India Limited on December 17, 2025.

Shareholding Pattern Changes

The acquisition resulted in a significant shift in Bandhan Mutual Fund's ownership structure in ECOS Mobility & Hospitality. The fund's total shareholding increased from 55,12,143 shares to 56,12,143 shares, representing an increase from 9.19% to 9.35% of the company's total share capital.

Scheme-wise Distribution

The shareholding is distributed across Bandhan Mutual Fund's schemes, with the Bandhan Large Mid Cap Fund executing this particular acquisition. The fund maintains positions across multiple schemes within the same company.

Company Capital Structure

ECOS (India) Mobility & Hospitality Limited maintains an equity share capital of ₹12.00 crores, comprising equity shares with a face value of ₹2 each. The company's shares are listed on both BSE Limited (scrip code: 544239) and National Stock Exchange of India Limited (symbol: ECOSMOBLTY), providing adequate liquidity for institutional investments.

This strategic acquisition demonstrates Bandhan Mutual Fund's continued confidence in the mobility and hospitality sector, with the fund manager increasing its exposure through systematic market purchases.

ECOS Mobility & Hospitality , a leading corporate managed mobility solutions provider, has reported a robust 34% year-on-year increase in revenue for the second quarter of fiscal year 2026. The company achieved a record quarterly revenue of Rs 2,142 million, driven by strong performance in both its Employee Transport Services (ETS) and Chauffeured Car Rentals (CCR) segments.

Key Highlights

• Revenue from operations reached Rs 2,142 million in Q2 FY26, up 34% year-on-year
• EBITDA grew by 4% year-on-year to Rs 245.6 million
• Trip volume increased by 33.5% compared to Q2 FY25
• 67 new enterprise clients added, bringing the total active client base to 1,470
• Fleet capacity expanded to over 18,000 vehicles, including 1,002 owned units

Financial Performance

Despite the strong top-line growth, ECOS reported a slight decline in profitability metrics due to a one-time provision:

The company took a one-time doubtful debt provision of Rs 79.14 million related to previous years, which impacted the EBITDA margin. Excluding this provision, the underlying margins remained in line with the previous year.

Segment Performance

ECOS operates in two key segments:

1. Employee Transport Services (ETS): Contributed 59% of Q2 revenue
2. Chauffeured Car Rentals (CCR): Accounted for 41% of Q2 revenue

The company reported strong growth across both segments, with particular traction in the BFSI sector and Global Capability Centers (GCCs).

Operational Highlights

ECOS continued to expand its presence, now operating in over 128 cities across India and more than 30 countries globally. The company's client base includes Fortune 500 companies, BSE 500 companies, and fast-growing Indian enterprises.

Rajesh Loomba, Chairman and Managing Director of ECOS, commented on the results: "Quarter 2 marked our best-ever performance in terms of revenue. It was driven by exponential growth in the ETS and CCR business. The resilience of our client base and our extensive geographic footprint enabled us to deliver robust top-line growth while maintaining a healthy gross margin."

Future Outlook

Despite the strong performance in the first half of FY26, ECOS maintains its conservative revenue growth guidance of 17-20% for the full year. The company plans to focus on:

1. Adding new clients and enhancing wallet share from existing clients
2. Expanding presence across new geographies, both domestically and internationally
3. Strengthening technology capabilities to drive sustainable long-term growth

Conclusion

ECOS Mobility's strong Q2 FY26 performance demonstrates its ability to capitalize on the growing demand for organized and reliable mobility partners. While the one-time provision impacted short-term profitability, the company's underlying operational performance remains solid. With a focus on strategic investments and expansion, ECOS appears well-positioned to maintain its growth trajectory in the coming quarters.