Eco Hotels Confirms March 19, 2026 Record Date for Second Call on Rights Issue Shares

Eco Hotels and Resorts Limited has officially confirmed March 19, 2026 as the record date for the second call on outstanding partly paid-up equity shares following its Rights Issue Committee meeting held on March 14, 2026. The committee meeting, conducted from 11:30 a.m. to 12:00 noon, approved making the second call on 1,28,76,808 partly paid-up equity shares under the company's ongoing rights issue program. Rights Issue Committee Decision The Rights Issue Committee has approved the making of second call of Rs. 3.80 per share on the outstanding partly paid-up equity shares. These shares were originally allotted on September 26, 2025 pursuant to the Letter of Offer dated August 29, 2025. Parameter: Details Meeting Date: March 14, 2026 Record Date: March 19, 2026 Outstanding Shares: 1,28,76,808 partly paid-up equity shares Second Call Amount: Rs. 3.80 per share Face Value Adjustment: Rs. 2.50 Securities Premium: Rs. 1.30 Regulatory Compliance and Purpose The record date has been fixed in accordance with Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The record date will determine the holders of partly paid-up equity shares to whom the call notice for the second call will be sent. Security Details: Information BSE Scrip Code: 514402 ISIN (Company): INE638N01012 ISIN (Partly Paid Shares): IN9638N01028 Face Value: Rs. 10.00 per share Paid-up Amount: Rs. 5.00 per share Rights Issue Timeline and Background The rights issue process has progressed through multiple stages with proper regulatory approvals. The partly paid-up equity shares bearing ISIN IN9638N01028 were allotted following the comprehensive Letter of Offer process. Key Dates: Events August 29, 2025: Original Letter of Offer September 04, 2025: First Corrigendum to Letter of Offer September 16, 2025: Second Corrigendum to Letter of Offer September 26, 2025: Rights Equity Shares allotted March 14, 2026: Rights Issue Committee meeting March 19, 2026: Record Date for second call Company Information Eco Hotels and Resorts Limited operates as a carbon neutral hotel brand in the hospitality sector, promoted by Eco Hotels UK PLC. The company maintains its registered office at 67/6446, Basin Road, Cochin, Ernakulam, Kerala, and corporate office at Block no 4, 2nd floor, Raj Mahal, VN Road, Churchgate, Mumbai. The company operates multiple hotel brands including THE ECO, THE ECO GRAND, ECOXPRESS, ECOVALUE, ECO BOUTIQUE, ECO RESORT, and THE ECO SATVA, along with F&B brands SAHAR, GG'S, KICK IN THE BRICK, SAMPARK, SANJH, and SANDHAY. Eco Hotels & Resorts Limited has released its comprehensive investor presentation for March 2026, providing detailed insights into the company's strategic positioning as the world's first net zero premium value hotel brand. The presentation, submitted under Regulation 30 of SEBI Listing Regulations, outlines the company's current operations and ambitious expansion plans across India's growing hospitality sector. Current Portfolio and Operations The company currently operates a diverse portfolio strategically positioned across key markets in India. The operational portfolio demonstrates strong geographic diversification with properties spanning multiple states. Parameter Details Total Hotels in Portfolio 13 Operating Hotels 5 Upcoming Hotels 8 Operational Keys 204 Upcoming Keys 449 Debt Status Zero Debt Company Strategic Business Models Eco Hotels operates through three distinct business models designed to optimize operational efficiency while maintaining an asset-light approach. The leasing model forms the current foundation, involving long-term lease contracts of 10, 15, or 20 years with various contract types including fixed rate, revenue-linked, and hybrid arrangements. The company's revenue structure for FY26 shows a balanced approach with room rent contributing 30% and F&B, banquets, dance floor, and wellness spa services accounting for 70% of total revenue. This diversified revenue stream reduces dependency on accommodation alone and enhances overall profitability. The EBOT (Enterprise-Build-Operate-Trade) model represents the company's proprietary franchise approach, offering a comprehensive 360-degree development program tailored for Indian market conditions. This model encompasses enterprise investment, construction using 3D volumetric technology, operational management, and exit strategy support for investors. Brand Portfolio and Market Positioning The company operates four distinct brand categories targeting different market segments within the mid-premium space. Each brand is strategically positioned to serve specific customer needs while maintaining the company's commitment to sustainability. Brand Average Room Rate (INR) Key Range Target Segment EcoValue 1,500 - 3,500 15 - 35 Keys Budget conscious travelers EcoXpress 2,500 - 4,500 30 - 65 Keys Business travelers THE ECO 3,000 - 6,000 40 - 100 Keys Premium business segment The Eco Grand 3,500 - 7,499 75 - 150 Keys Luxury segment Vision 2030 and Expansion Strategy The company has outlined an ambitious growth trajectory targeting 5,000 keys by 2028-29. This expansion will be achieved through a combination of leasing, EBOT, and management contract models, with increasing emphasis on the latter two approaches in later years. Year Leased Keys EBOT Keys Managed Keys Total Keys 2024-25 500 0 0 500 2025-26 800 0 0 800 2026-27 1,200 300 400 1,900 2027-28 1,700 700 700 3,100 2028-29 2,500 1,400 1,100 5,000 Recent Developments and Future Projects The presentation highlights the company's entry into the Mumbai Metropolitan Region with a new greenfield project in Dombivli. This property will be branded as "The Eco Grand" and will feature 65-70 rooms along with a 5,000 sq. ft. banquet hall. The project spans 10+ acres and will include a high-street shopping complex, school, hospital, and residential development. Additionally, the company has deals approved by the Board for properties in Indore (50 rooms), Gandhinagar (135 rooms), and Bangalore (40 rooms), with discussions ongoing for properties that can be operational within 4-8 months. Sustainability and Market Focus Eco Hotels distinguishes itself through its commitment to carbon neutrality and vegetarian dining experiences. The company's "Satva" branded properties serve only vegetarian food, aligning with ethical and ecological considerations. This positioning addresses the growing demand for sustainable hospitality options, particularly in religious tourism destinations. The company's strategy focuses on tier II and III cities, addressing gaps in the mid-scale and sub-midscale hotel segments while capitalizing on the growth in religious tourism, which accounts for over 60% of domestic travel in India. Source: None/Company/INE638N01012/c767bd3b-189d-4b09-b52d-d68a637c8245.pdf We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. 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