Eco Hotels and Resorts Limited Approves Key Appointments Through Postal Ballot
Eco Hotels and Resorts Limited announced successful completion of its postal ballot process on January 6, 2026, with members approving two key appointments through remote e-voting. The company secured overwhelming support for appointing K.M. Garg & Co. as statutory auditors and Mr. Vikram Kantilal Doshi as Whole-Time Director - Finance, both receiving over 99% approval from participating members.
*this image is generated using AI for illustrative purposes only.
Eco Hotels and Resorts Limited has successfully concluded its postal ballot process through remote e-voting, with the company announcing voting results on January 6, 2026. The postal ballot was conducted under the Companies Act, 2013, and received overwhelming approval from members for two critical appointments that will strengthen the company's operational and financial management structure.
Key Appointments Approved
The postal ballot results covered two major appointments that align with the company's strategic governance requirements:
| Appointment Type: | Details |
|---|---|
| Statutory Auditor: | M/s. K.M. Garg & Co., Chartered Accountants (Firm Registration: 120712W) |
| Whole-Time Director: | Mr. Vikram Kantilal Doshi (DIN: 07546623) as Director - Finance |
| Cut-off Date: | November 28, 2025 |
| E-voting Period: | December 4, 2025 to January 2, 2026 |
Voting Results and Member Participation
The remote e-voting process demonstrated strong member support for both resolutions. For the statutory auditor appointment, 29 members participated, casting 18,801,166 votes with 99.9999% approval. The appointment addresses the casual vacancy caused by the resignation of Mr. Girish L. Sethia, Chartered Accountants.
| Resolution Details: | Members Voted | Total Votes | Approval Rate |
|---|---|---|---|
| Auditor Appointment: | 29 | 18,801,166 | 99.9999% |
| Director Appointment: | 28 | 18,648,520 | 99.9999% |
For the director appointment, 28 members participated with 18,648,520 valid votes, achieving 99.9999% approval. Notably, 152,646 votes cast by Mr. Vikram Kantilal Doshi were considered invalid due to his interest in the resolution, maintaining proper governance protocols.
Regulatory Compliance and Process
The announcement was made through formal communication to BSE Limited, where Eco Hotels and Resorts Limited trades under scrip code 514402. The disclosure complies with Regulation 44 of SEBI LODR Regulations, 2015, ensuring transparent reporting of the postal ballot outcomes.
M/s. GMJ & Associates, Company Secretaries, served as the scrutinizer for the postal ballot process, with Ms. Sonia Chettiar (Partner) overseeing the vote counting and validation. The scrutinizer's report was issued on January 6, 2026, confirming that all resolutions were passed with requisite majority on January 2, 2026.
Strategic Appointments for Growth
The appointment of K.M. Garg & Co. as statutory auditors ensures continuity in the company's audit functions while maintaining compliance with regulatory requirements. The firm brings expertise in chartered accountancy services that will support Eco Hotels' financial reporting and governance standards.
Mr. Vikram Kantilal Doshi's appointment as Whole-Time Director - Finance represents a strategic addition to the company's leadership team. His role will focus on financial management and strategic planning, supporting Eco Hotels' operations across its diverse portfolio of hotel brands including THE ECO, THE ECO GRAND, ECOXPRESS, and food & beverage brands like SAHAR and GG'S.
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