Eco Hotels Board Approves Fund Raise Up to ₹50 Cr

Eco Hotels and Resorts Limited's Board of Directors met on October 13, 2026. The board noted operational updates for existing hotels and progress on new projects, with two hotels slated to open in October 2026 and Q4 FY27. Key decisions included granting in-principal approval for raising up to ₹50 Crore via preferential issue/private placement, subject to approvals. The board also approved the forfeiture of 16,31,580 partly paid-up Right Issue Equity Shares due to non-payment of call money.