Announced Wed, 18 Jun · 19:44 IST

Attached herewith Disclosure under Regulation 30 of SEBI (LODR) Regulations 2015.

Management Changes View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Eco Hotels and Resorts Ltd has appointed Mr. Swapnil Desai as General Manager – Operations and Business Development and Mr. Rajiv Prashar as General Manager – Corporate Affairs, both effective June 01, 2025. Mr. Desai brings 25+ years of hospitality experience across India and the US, with prior stints at JW Marriott, The Leela Mumbai, Sahara Star, and Days Inn, and recently ran The Little Italy Resort in Goa for 15 years. Mr. Prashar has over 30 years of experience in business development, operations, and client servicing across leading global hotel brands. The announcement was made under Regulation 30 of SEBI LODR, with the news already published on ET Hospitality World on June 15, 2025.

Likely market impact

Two senior operational hires signal the company's focus on expanding its hospitality footprint and strengthening execution capabilities. For shareholders, this is a positive operational development, though it is a management-level appointment rather than a board-level change, so the direct stock price impact is expected to be limited.