ECOS Mobility & Hospitality Limited, a prominent player in the ground transportation industry, has taken a significant step towards strengthening its board composition. The company's Board of Directors has recommended the appointment of Ms. Vandana Chamaria as an Independent Director, subject to shareholder approval.

Board Recommendation

During a board meeting held on September 16, 2025, the company's directors, acting on the advice of the Nomination and Remuneration Committee, recommended Ms. Chamaria's appointment for a five-year term. This decision aligns with the company's commitment to maintaining a diverse and experienced board.

About Vandana Chamaria

Ms. Vandana Chamaria brings a wealth of experience to her potential role at ECOS Mobility & Hospitality Limited:

• Over 22 years of experience in consumer-facing industries
• Educational qualifications include PGP in Marketing & Finance and B.Sc. Economics Hons.
• Impressive career history with notable companies such as Blue Tokai, Google India, Hero MotoCorp Limited, Yum Restaurants, and GSK Consumer Healthcare

Appointment Details

Key points regarding the proposed appointment include:

• The appointment is subject to shareholder approval through a special resolution
• If approved, Ms. Chamaria will serve as an Independent Director for a term of five consecutive years
• She is not related to any other directors of the company, ensuring independence in her role

Company Disclosure

In compliance with regulatory requirements, ECOS Mobility & Hospitality Limited has made the necessary disclosures:

• The recommendation was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Details of the proposed appointment were submitted to both the BSE Limited and the National Stock Exchange of India Limited
• The board meeting discussing this recommendation commenced at 5:45 P.M. and concluded at 6:30 P.M. on September 16, 2025

Company Overview

ECOS Mobility & Hospitality Limited is a significant player in the ground transportation sector, operating in over 100 cities across India and more than 30 countries worldwide. The company's commitment to expanding its board with experienced professionals like Ms. Chamaria reflects its focus on enhancing corporate governance and strategic leadership.

As shareholders await the opportunity to vote on this recommendation, the potential addition of Ms. Vandana Chamaria to the board signals ECOS Mobility & Hospitality's dedication to leveraging diverse expertise in navigating the dynamic mobility and hospitality landscape.

ECOS Mobility & Hospitality , a leading provider of ground transportation solutions, has reported a strong performance in the first quarter. The company's revenue from operations surged by 21.65% year-on-year to Rs 1,811.19 crore, driven by robust growth across its key business segments.

Key Financial Highlights

Operational Performance

ECOS witnessed significant growth in its operational metrics during the quarter:

• Trip volumes grew by approximately 20% year-on-year
• Added 53 new clients, bringing the total active client base to 1,189
• Expanded owned fleet by 113 vehicles, reaching a total of 946 vehicles
• Total fleet capacity increased to over 15,000 vehicles

Business Segment Performance

The company operates through two key segments:

1. Employee Transport Services (ETS)
2. Chauffeured Car Rentals (CCR)

The revenue mix between ETS and CCR stood at 60:40, compared to 55:45 in the previous quarter. Global Capability Centers (GCCs) contributed around 60% of the ETS segment revenue.

Client Acquisition and Retention

ECOS continues to strengthen its market position:

• 45+ clients are Fortune 500 companies
• 65+ clients are BSE 500 corporates
• 59% of revenue came from clients associated with ECOS for over 5 years
• Secured a large Fortune 500 company as a single managed service provider, replacing 12 vendors across 6 locations

Technology Initiatives

The company is investing in technology to enhance its services:

• 30% of bookings were powered by CabDrive Pro, API integrations, and the customer app
• Implementation of a new version of RentNet, ECOS's full-stack technology, has begun

Management Commentary

Rajesh Loomba, Chairman and Managing Director of ECOS, stated, "This quarter was the best ever in revenues as well as gross margins in relation to the previous quarter. The resilience of our client base and our extensive geographical presence enabled us to deliver strong topline growth while maintaining our gross margins."

Outlook

ECOS maintains its revenue growth guidance of 15-18% and targets EBITDA margins in the 13-15% range. The company remains focused on sustainable, profitable expansion and continues to invest in technology to enable entry into new markets and increase presence in existing domestic and international markets.

Conclusion

Despite a challenging environment due to geopolitical developments, ECOS Mobility & Hospitality has demonstrated strong growth and operational resilience. The company's focus on client acquisition, technology investments, and operational efficiency positions it well for continued growth in the organized mobility sector.