StockWatch
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Other Textile Products
Board Meeting13 Aug 2026, 06:44 pm

Eco Hotels Board Approves Unaudited Financial Results for Q1 FY27

AI Summary

Eco Hotels And Resorts Ltd announced that its Board of Directors has approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The meeting also approved the appointment of M/s. Bansi Jain & Co. as Internal Auditors for FY 2026-27 and the re-appointment of M/s. K M Garg & Co. as Statutory Auditors for a five-year term, subject to member approval. The Board also set the date for the 39th Annual General Meeting for September 30, 2026, and approved an extension for payment on partly paid Rights Issue Equity Shares until August 31, 2026. The company noted challenges in banquet and F&B sales due to geopolitical events and gas crisis impacting occupancy, but management is working to achieve targets. New property openings are planned for Shirdi, Chhatrapati Shambhajinagar, Ayodhya, and Mysuru.

Key Highlights

  • Unaudited standalone and consolidated financial results for Q1 FY27 approved.
  • Internal and Statutory Auditors appointed/re-appointed.
  • 39th Annual General Meeting scheduled for September 30, 2026.
  • Payment deadline extended for partly paid Rights Issue shares.
  • Operational challenges noted, but management optimistic about future performance.