Eco Hotels And Resorts Ltd
Eco Hotels Q4 FY26: No fund utilization deviation, Rs. 822.68 Lakhs deployed
FUNDRAISE
● No Immediate Change
MEDIUM RISK
📅 Filed on BSE: 17 Apr 2026, 08:50 PM IST · BSE ID: aa53e162-6cff-459f-b956-668840ef27ec
View Original BSE Filing (PDF)
💡
In Simple Terms
Eco Hotels raised INR 1957.27 Lakhs through a partly paid right issue and has deployed INR 822.68 Lakhs so far with no material deviation from stated fund use purposes.
🤖 AI Summary
- Eco Hotels: INR 1957.27 Lakhs raised via partly paid-up right issue, September 26, 2025 allotment
- INR 825.77 Lakhs collected on application and first call (application INR 489.32 Lakhs, first call INR 336.45 Lakhs)
- INR 822.68 Lakhs deployed across three fund objects as of Q4 FY26 (March 31, 2026)
- No material deviation declared; internal reclassification between identified and unidentified property advances; general corporate expenses exceeded budget
🔢 Key Numbers — exact figures from BSE filing, not rounded
Total funds raised (partly paid-up right issue)
INR 1957.27 Lakhs
Amount received on application and first call
INR 825.77 Lakhs
Application money received
INR 489.32 Lakhs
First call money received
INR 336.45 Lakhs
Total funds utilized (Q4 FY26)
INR 822.68 Lakhs
Advances to property owners — allocated vs. utilized
INR 974.20 Lakhs allocated; INR 101.80 Lakhs utilized
Unidentified properties investment — allocated vs. utilized
INR 473.07 Lakhs allocated; INR 660.42 Lakhs utilized (INR 187.35 Lakhs excess)
🏢 How This Affects the Company
INR 822.68 Lakhs deployed represents 42% utilization of total raised amount. Collection shortfall (INR 825.77 Lakhs received vs. INR 1957.27 Lakhs raised) indicates incomplete second call receipts as of March 31, 2026.
Company expanded to new leased properties beyond originally identified locations, requiring deployment of security deposits and construction advances to unidentified properties. This signals active property portfolio expansion during FY26.
👥 What This Means For Shareholders
✅
Action Required
Right issue shareholders: verify receipt of second call notice and payment deadline. Check shareholding statement for partly paid share status.
👤
Who Is Affected
All shareholders of partly paid-up right shares allocated September 26, 2025. As of March 31, 2026, 1,28,76,808 partly paid shares outstanding (per March 24 filing context).
🔍
Management Signal
Company prioritized property expansion beyond original plan, incurring general corporate expenses 40% above budget while deferring debt repayment — signals growth-over-deleveraging strategy.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Second call money collection status — verify BSE disclosures for updated receipt figures against outstanding partly paid shares
Q1 FY27 fund utilization statement (July 2026) — track cumulative deployment progress and collection of remaining call amounts
Property expansion announcements — monitor for new hotel property acquisitions linked to INR 187.35 Lakhs excess deployment
MEDIUM RISK
Incomplete fund collection (INR 825.77 Lakhs vs. INR 1957.27 Lakhs target) signals shareholder uptake risk. Unbudgeted INR 187.35 Lakhs deployment to unidentified properties indicates execution deviation from original plan.
💡 Investor Takeaway
Eco Hotels deployed INR 822.68 Lakhs of INR 1957.27 Lakhs raised (42% utilization) with no declared deviation. However, only INR 825.77 Lakhs collected on application and first call indicates incomplete second call receipts. Internal reclassification to unidentified property advances suggests active but unplanned expansion.
⚖️ Strengths & Concerns
✅ Positives
- Company deployed funds across all three stated objects without change of purpose, demonstrating operational execution within approved framework
- Deployment rate of 42% by Q4 reflects active utilization with cash collections of INR 825.77 Lakhs on partly paid shares
⚠️ Concerns
- Original allocation INR 473.07 Lakhs for unidentified properties showed INR 660.42 Lakhs utilization — INR 187.35 Lakhs excess (140% of budgeted amount)
- Funding collection incomplete; INR 1957.27 Lakhs raised but only INR 825.77 Lakhs received on first call by Q4 FY26, indicating collection delays
📅 Company Track Record
Eco Hotels extended first call money deadline from April 7 to April 13, 2026 (April 2 filing), signaling collection challenges. Second call of INR 3.80 per share on 1,28,76,808 shares (INR 4.89 crore total) dispatched March 24, 2026 for payment April 7-21, 2026. Allotment occurred September 26, 2025.
Based on publicly available historical data. For context only.