Regulatory13 Aug 2026, 06:53 pm
Eco Hotels: No Deviation in Right Issue Fund Use for Q2 2026
AI Summary
Eco Hotels and Resorts Ltd has filed a statement of deviation or variation for its right issue funds for the quarter ended June 30, 2026. The company raised INR 1957.27 Lakhs through a partly paid-up Right Issue Equity shares on September 26, 2025. The statement indicates no deviation or variation in the utilization of these funds. The funds were allocated towards property construction/renovation, repayment of borrowings, and investment in unidentified properties, with minor adjustments in allocation between original and modified objects. The Audit Committee and auditors have provided 'No Comments', signifying no significant concerns regarding fund utilization.
Key Highlights
- No deviation reported in the utilization of funds from the right issue.
- Funds raised were INR 1957.27 Lakhs via partly paid-up right issue.
- Allocations included property development and debt repayment.
- Audit Committee and auditors found no deviations.
- The report covers the quarter ended June 30, 2026.
Price Impact
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