Rights Issue17 Apr 2026, 08:51 pm
Eco Hotels: Rights Issue Funds Utilized, ₹187.35 Lakhs Reallocated
AI Summary
Eco Hotels And Resorts Ltd reported on the utilization of funds from its partly paid-up Rights Issue for the quarter ended March 31, 2026. The company raised ₹1957.27 Lakhs, with ₹825.77 Lakhs received from application and first call money. While there is no overall deviation in the use of funds, the company reallocated ₹187.35 Lakhs from identified property advances to investment in new, unidentified properties for construction/renovation and security deposits. This was due to delays in requirements for originally identified properties. Additionally, actual general corporate expenses increased compared to initial plans.
Key Highlights
- Eco Hotels reported on Rights Issue fund utilization for Q4 FY26.
- ₹825.77 Lakhs received from the partly paid-up Rights Issue.
- ₹187.35 Lakhs reallocated from identified to unidentified properties.
- Reallocation due to delays in original property requirements.
- No overall deviation in fund use, but internal object interchange.