Eco Hotels And Resorts Ltd
Eco Hotels & Resorts: Board approves forfeiture of 16.31 lakh partly paid shares
FUNDRAISE
▼ Concern Flagged
MEDIUM RISK
📅 Filed on BSE: 13 Oct 2026, 03:43 PM IST · BSE ID: f3891f1f-4169-40b6-a0d1-dfa186a29177
View Original BSE Filing (PDF)
💡
In Simple Terms
The company is taking back shares from investors who didn't pay what they owed for them.
🤖 AI Summary
- Eco Hotels forfeits 16,31,580 partly paid-up equity shares for non-payment of call money.
- Board approved fundraising up to INR 50 Crore via preferential issue or private placement.
- Hotels in Chhatrapati Sambhajinagar and Mysuru are slated to commence operations soon.
- 1,12,45,228 shares out of 1,28,76,808 rights shares had call money paid.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Shares forfeited
16,31,580 partly paid-up Right Issue Equity Shares
Total Rights Issue Shares
1,28,76,808 partly paid-up Right Issue Equity Shares
Shares with paid call money
1,12,45,228 partly paid-up Right Issue Equity Shares
Fundraising approval limit
up to INR 50 Crore
🏢 How This Affects the Company
The company's hotel openings in Chhatrapati Sambhajinagar and Mysuru are proceeding as planned.
Forfeiture of partly paid-up shares removes potential future capital inflow but confirms closure on this portion of the rights issue. Fundraising approval provides future capital options.
This action impacts a specific segment of rights issue participants; operational readiness for new hotel openings is progressing.
The forfeiture indicates a failure by a portion of investors to meet their obligations, highlighting execution risks in capital raising.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this filing.
👤
Who Is Affected
Shareholders who held the 16,31,580 forfeited partly paid-up Right Issue Equity Shares are affected.
🔍
Management Signal
Management is enforcing the terms of the Rights Issue and company's Articles of Association regarding unpaid call money.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Status of fundraising approval process and execution.
Operational commencement of hotels in Chhatrapati Sambhajinagar and Mysuru.
Future disclosures on the status of forfeited shares.
MEDIUM RISK
Non-payment of call money by a portion of rights issue shareholders indicates capital collection challenges.
💡 Investor Takeaway
Eco Hotels forfeited 16,31,580 partly paid-up rights shares due to non-payment. The company is also seeking approval to raise up to INR 50 Crore.
⚖️ Strengths & Concerns
✅ Positives
- Company proceeding with planned hotel openings in Chhatrapati Sambhajinagar and Mysuru.
- Board approved potential fundraising of up to INR 50 Crore for future growth initiatives.
⚠️ Concerns
- 16,31,580 partly paid-up Right Issue Equity Shares were forfeited due to unpaid call money.
- Non-payment occurred despite multiple reminders and opportunities provided to shareholders.
📅 Company Track Record
In prior communications, Eco Hotels had initiated calls for partly paid-up shares. A July 4, 2026 filing indicated collection of Rs. 3.57 Crore converting 94 Lakh shares.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
How many partly paid-up shares did Eco Hotels forfeit?
Eco Hotels and Resorts Limited forfeited 16,31,580 partly paid-up Right Issue Equity Shares.
Why were these shares forfeited?
The shares were forfeited because the holders failed to pay the First Call, Second Call, and Third & Final Call money.
What is the limit for the new fundraising approved by the Board?
The Board accorded in-principal approval for raising funds up to INR 50 Crore.
When are the new hotels expected to commence operations?
The hotel in Chhatrapati Sambhajinagar is proposed to commence operations in October 2026, and the Mysuru hotel in Q4 FY 2026-27.
Questions based on this BSE filing only. For information purposes.