
Corporate Action17 Oct 2026, 06:50 pm
Eco Hotels Dispatches Forfeiture Notices for Non-Payment of Call Money
AI Summary
Eco Hotels and Resorts Ltd has dispatched forfeiture notices to shareholders who failed to pay the First Call, Second Call, and Third & Final Call Money on their partly paid-up Right Issue Equity Shares. The Board of Directors approved the forfeiture of 13,61,580 partly paid-up equity shares of face value Rs. 10 each. The notice of forfeiture was dispatched electronically on October 16, 2026, and physically on October 17, 2026. This action follows the company's rights issue where a portion of the share value remained unpaid by certain shareholders.
Key Highlights
- Forfeiture notices sent to shareholders for unpaid call money.
- 13,61,580 partly paid-up equity shares are subject to forfeiture.
- Action taken due to non-payment of First, Second, and Final Call Money.
- Company is complying with SEBI LODR Regulations and Companies Act, 2013.
Price Impact
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