Appointment of M/s. Bansi Jain & Associates, Chartered Accountant, Mumbai, as Internal Auditor of the Company for the FY 2025-26
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Eco Hotels & Resorts' board, at its May 20, 2025 meeting, approved the audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025 with an unmodified opinion from statutory auditor M/s. Girish L. Sethia. On a standalone basis, the company reported revenue of Rs 13.71 lakhs but a net loss of Rs 295.14 lakhs for FY25 (EPS of -0.64); on a consolidated basis, revenue was Rs 109.24 lakhs with a net loss of Rs 354.84 lakhs. The board appointed M/s. Bansi Jain & Associates, Chartered Accountants, Mumbai, as the Internal Auditor for FY 2025-26. Additionally, the board approved taking over a hotel property in Varanasi (35 rooms & 6 rooms) on a long-term lease, in-principle approval for a 60-100 room property in Agra, and registered two new brand names — 'The Eco Boutique' and 'The Eco Resorts'.
The company continues to post losses while expanding its hotel footprint via long-term leases and new brand launches — a growth-focused but loss-making phase for shareholders. Routine internal auditor appointment and clean (unmodified) statutory audit opinion are positive governance signals, but the widening consolidated loss warrants close monitoring.