Eco Hotels And Resorts Ltd

Operational update

• Aurangabad hotel to commence in October 2026; Mysuru hotel in Q4 FY2026-27.

Fundraising plan

• Board in-principal approval to raise up to INR 50 crore via preferential issue, private placement, or warrants.
• Subject to statutory, regulatory, stock exchange, and shareholder approvals.

Equity forfeiture

• Forfeit 16,31,580 partly paid-up Right Issue shares due to unpaid call money.
• Rights Issue Committee and designated officers to undertake related actions.

AGM Details

• AGM held on 30 September 2026 from 3:00 PM to 3:20 PM IST.
• Mode: Video Conferencing and Other Audio Visual Means (VC/OAVM).
• Quorum present; meeting concluded at 3:20 PM IST.

Key Resolutions

• Ordinary: Adopt Audited Financial Statements (standalone and consolidated) for year ended 31 March 2026.
• Ordinary: Re-appoint director retiring by rotation.
• Special: Approve appointment of M/s K.M. Garg & Co. as Statutory Auditor.
• Special: Approve issue of Sweat Equity Shares to Executive Chairman.

Voting Results

• Voting results awaited; Scrutinizer’s report to be published within two working days.

Director Changes

• Director re-appointment by rotation (retiring director may be re-appointed).

Auditor Appointments

• Statutory Auditor appointment proposed and put to vote.

Other Material Approvals

• Sweat Equity Shares for Executive Chairman included for approval.

Eco Hotels And Resorts Limited — Closure of trading window from October 01, 2026 till 48 hours after declaration of the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended September 30, 2026

Conversion update

• Rights Issue Committee approved conversion of 18,39,573 partly paid-up rights shares into fully paid-up shares (face value Rs 10).
• Aggregate amount received for this tranche: Rs 15,587,862.20.
• Converted shares will rank pari passu with existing equity.
• Company will undertake corporate actions and seek listing/trading approvals.
• Approval granted at Rights Issue Committee meeting on Sept 17, 2026.

Audit Committee update

• Indira Bhargava resigns as Chairperson of the Audit Committee but remains a member.
• Parag Mehta appointed as Chairperson of the Audit Committee.
• Revised intimation under Reg. 30(7C) SEBI LODR; prior submission to be disregarded.

Director resignation details

• Name and designation: Mrs. Indira Bhargava, Non-Executive Independent Director.
• Effective date of resignation: September 10, 2026.
• Reason: personal reasons as stated in filing.
• Any other material reasons: not disclosed in the filing.
• Board/committee memberships affected: vacating Non-Executive Independent Director seat; committee details not provided.
• Other listed entities where the director holds roles: not disclosed.
• Regulatory or shareholder approval required: not mentioned.
• Consequence on board/committee: no changes disclosed.

AGM & annual report notice

• 39th AGM of Eco Hotels and Resorts Limited to be held on Sep 30, 2026 via VC/OAVM.
• Notice includes link to the FY2025-26 Annual Report and full details on the company's website.
• E-voting window: starts Sep 27, 2026 at 9:00 AM; ends Sep 29, 2026 at 5:00 PM.
• Cut-off date for e-voting: Sep 23, 2026.
• Annual Report accessible at ecohotels.in and BSE website.

Financial performance

• Consolidated total revenue for FY2025-26: Rs 498.91 lakh.
• Consolidated revenue from operations: Rs 485.18 lakh.
• Consolidated loss before tax: Rs 1146.85 lakh; after tax: Rs 1083.38 lakh.
• Standalone revenue from operations: Rs 485.18 lakh.
• Standalone total revenue: Rs 491.88 lakh.
• Standalone net loss after tax: Rs 993.97 lakh.
• Q4 FY2025-26 revenue from operations: Rs 247.24 lakh.
• Q4 FY2024-25 revenue from operations: Rs 10.08 lakh.
• Revenue growth driven by ramp-up of new properties; losses reflect expansion.

Expansion and portfolio

• New properties started: Varanasi and Vadodara, Sept 2025.
• Varanasi occupancy around 85% in December 2025.
• Kochi occupancy around 80% in November–December 2025.
• Ayodhya 33-room property launched March 2026.
• Boutique property in Udaipur started June 1, 2026.
• Expansion targets pilgrimage, leisure and business destinations.

Business model and brands

• Asset-light model via long-term leases and management arrangements.
• EBOT: Enterprise, Build, Operate, Trade platform for growth.
• Brands span EcoValue, EcoXpress, The Eco, The Eco Grand, Satva, Eco Boutique, Eco Resort.
• Sahar pure-vegetarian restaurant with No Onion/No Garlic policy.
• F&B concepts provide additional guest touchpoints and non-room revenue.
• Sustainability embedded in design, operations and growth strategy.

Capital structure and liquidity

• Authorized share capital Rs 70 crore; paid-up capital Rs 57.97 crore.
• End-year equity shares outstanding: 65.41 million.
• Rights issue: 1,28,76,808 partly paid shares issued.
• First call money received on 88,68,167 shares; 40,08,641 remaining.
• Sweat equity: 12,87,681 shares issued to Vinod Tripathi, value Rs 1.75 crore.
• Net cash from operations: Rs 35.84 crore.
• Lease liabilities increased due to expansion; current Rs 3.63 crore, non-current Rs 32.81 crore.
• Ending cash balance: Rs 4.30 lakh.

Governance and internal controls

• Board consists of seven directors; 13 meetings held in FY2025-26.
• Vikram Doshi appointed Director-Finance & CFO from Oct 13, 2025.
• Heena Supadia appointed Company Secretary & Compliance Officer from Nov 1, 2025.
• Statutory Auditor: M/s K. M. Garg & Co; 5-year term to 2031.
• Secretarial Auditor: Kamal Lahoty & Co; no qualifications.
• Audit Committee, NRC, SRC, CSR formed; independent directors meetings held.
• CFO and CEO responsibilities maintained with clear management oversight.

Risks and outlook

• Risks include market demand, inflation, competition, and liquidity during expansion.
• Outlook for FY2026-27: accelerate openings and move toward operating leverage.
• Focus on occupancy, ADR, RevPAR, F&B expansion, and direct-booking growth.

Sustainability and ESG

• Sustainability core to growth; carbon-neutral to carbon-net-zero trajectory.
• Modulex modular construction reduces CO2 emissions up to 60%.
• Satva philosophy emphasizes vegetarian, mindful consumption and ethical operations.

Audits and compliance

• Independent audits reported no material qualifications in standalone or consolidated statements.
• Internal controls designed and operating effectively; CFO certification obtained.
• Compliance with SEBI LODR and related governance standards confirmed.

Significant litigation and regulatory matters

• Ongoing lease-related disputes with Hotel Pal Palace; arbitration and court proceedings in progress.
• Tax disputes with income tax authorities; appeals pending; provisions not yet recognised.

AGM Details

• AGM to be held via VC/OAVM; date and time disclosed in notice.
• No physical venue; attendance via electronic platform.

Ordinary resolutions

• Adoption of audited standalone and consolidated financial statements with reports.
• Re-appointment of a director retiring by rotation.
• Appointment of statutory auditor for five-year term (subject to approval).

Special resolution

• Approval of sweat equity shares to executive chairman; terms include valuation and lock-in.

Auditor appointment

• Statutory auditor appointed for five-year term; remuneration to be approved by Audit Committee/Board.

Sweat equity details

• Sweat equity issued to executive chairman in lieu of part remuneration.
• Valuation report prepared; includes share count, value addition, and lock-in terms.

E-voting and disclosures

• E‑voting facility details and cut-off date disclosed.