ECO Hotels & Resorts (ISIN: INE638N01012) has announced significant leadership changes and employee stock option grants following a board meeting on October 13, 2025. The company has made key appointments and resignations, while also approving a substantial ESOP grant.

Leadership Changes

The board has approved the following changes in the company's leadership:

Mr. Vikram Doshi brings over 15 years of experience in finance, accounts, compliance, and audit to his new role. He is a qualified Chartered Accountant and Company Secretary with previous experience at Ernst and Young, Reliance Capital Limited, and Nayara Energy Limited.

CS Heena Supadia, an Associate Member of the Institute of Company Secretaries of India (Membership No. A50025), joins with approximately 9 years of experience. She will also be designated as a Key Managerial Personnel (KMP) in accordance with the Companies Act, 2013.

Employee Stock Option Plan

The Nomination and Remuneration Committee has approved the granting of 63,000 Employee Stock Options (ESOPs) under the company's 'ECO HOTELS AND RESORTS - EMPLOYEE STOCK OPTION PLAN 2023- MODIFIED' (ECO ESOP 2023- MODIFIED). Key details of the ESOP plan include:

Other Developments

The board also discussed the status of current operational hotels and ongoing developments related to hotel properties. A notable mention was made of a dispute involving the Kota Property, for which a Committee of Directors has been formed to address the issue.

ECO Hotels & Resorts continues to adapt its leadership structure and employee incentive programs as it navigates the dynamic hospitality industry landscape. These changes aim to strengthen the company's management team and align employee interests with long-term corporate goals.

Investors and stakeholders should monitor how these leadership changes and the ESOP grants impact the company's performance and strategic direction in the coming quarters.

ECO Hotels & Resorts , a BSE-listed hospitality company, has made a strategic move into the spiritual tourism sector with the launch of Ecoxpress Satva in Varanasi. This new venture marks a significant expansion for the company, introducing a specialized pure vegetarian hospitality concept in one of India's most revered pilgrimage destinations.

Key Features of Ecoxpress Satva

• Location: Jai Prakash Nagar, Varanasi
• Proximity: Near major pilgrimage sites including Dashashwamedh Ghat and Kashi Vishwanath Temple
• Room Count: 35 rooms
• Total Operational Rooms: Increased to 171

Unique Selling Points

Pure Vegetarian Concept

• First hotel in Varanasi with completely separate kitchens, utensils, and dining infrastructure for vegetarian offerings
• Adheres to Jain and Vaishnav principles

Dining Options

• Sahar Restaurant: Serves meals following Jain and Vaishnav principles
• Kick in the Brick: Offers Pan-Asian and Continental vegetarian cuisine

Premium Amenities

• 400-thread count linen
• 650 GSM bath towels
• Orthopaedic mattresses
• 2,000-sq-ft banquet facility with LED screen

Expansion Plans

ECO Hotels & Resorts has ambitious growth plans, targeting over 350 operational rooms within the next six to eight months. The company plans to open additional properties in:

• Sambhajinagar
• Shirdi
• Nagpur
• Vadodara

Strategic Partnership

It's worth noting that EaseMyTrip, a prominent online travel booking platform, holds a significant stake in ECO Hotels & Resorts. This partnership could potentially provide synergies in marketing and distribution for the newly launched property.

The launch of Ecoxpress Satva in Varanasi represents a strategic move by ECO Hotels & Resorts to tap into the growing spiritual tourism market in India. By offering a pure vegetarian concept with high-end amenities, the company is positioning itself to cater to the specific needs of pilgrims and spiritual tourists visiting Varanasi. This expansion not only diversifies the company's portfolio but also aligns with the increasing demand for specialized accommodation options in religious destinations.