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Board Meeting10 April 2026 at 02:01 pm

Eco Hotels targets ₹55 Cr revenue for FY27, plans 5 new hotels

AI Summary

Eco Hotels And Resorts Ltd's Board of Directors met on April 10, 2026, noting the signing of a term sheet for a greenfield hotel project in Dombivli. The company reported a revenue collection of ₹4.8 crores for the previous financial year, with most hotel operations commencing in the second half. The Board approved the Business Plan for FY2026-27, setting an ambitious revenue target of ₹55 crores. The company aims to add five more hotels to its operational portfolio within the next 3-4 months, bringing the total to ten. The Board also advised the company to secure at least one new property every month to achieve its long-term goals. An Audit Committee and Board meeting is scheduled for April 17, 2026, to review and approve the audited financial results for FY2025-26, with the trading window extended accordingly.

Key Highlights

  • Board approved FY27 business plan targeting ₹55 Cr revenue.
  • Company to add 5 new hotels in 3-4 months, expanding operations.
  • Noted ₹4.8 Cr revenue for last year, with operations starting H2.
  • Advised to sign one new property monthly for long-term growth.
  • Audit Committee to meet April 17 to approve FY26 financials.