Eco Hotels Approves Forfeiture of 16.3 Lakh Partly Paid Shares

Eco Hotels and Resorts Limited announced the forfeiture of 16,31,580 partly paid-up equity shares from its Rights Issue due to non-payment of outstanding call money. The Board of Directors, in a meeting held on October 13, 2026, approved this action after issuing call notices and final reminders. The company also noted operational updates for its hotels in Chhatrapati Sambhajinagar and Mysuru, with planned openings in October 2026 and Q4 FY27 respectively. Additionally, the Board granted in-principle approval to raise up to INR 50 Crore through preferential issue or private placement, subject to regulatory and shareholder approvals.