StockWatch
·
Other Textile Products
Corporate Action17 Sept 2026, 08:00 pm

Eco Hotels Converts 18.4 Lakh Partly Paid Shares to Fully Paid

AI Summary

Eco Hotels And Resorts Ltd announced the conversion of 18,39,573 partly paid-up equity shares into fully paid-up equity shares following the receipt of call money. This conversion represents an aggregate amount of ₹1,55,87,862.20 received from shareholders towards the First, Second, and Third & Final calls on outstanding rights equity shares. The company had previously issued these shares on a rights basis in September 2025. The conversion makes these shares rank pari passu with existing equity shares, proportionate to the amount paid-up.

Key Highlights

  • 18.4 lakh partly paid shares converted to fully paid.
  • ₹1.56 crore collected from shareholders for call money.
  • Conversion follows receipt of final call payments.
  • Converted shares will rank pari passu with existing shares.