Corrigendum Cum Addendum Advertisement for extension of proposed Right Issue of the Company
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Eco Hotels and Resorts Ltd has announced an extension of its ongoing Rights Issue closing date from September 17, 2025 to September 22, 2025, giving shareholders 5 additional days to apply. The Rights Issue, which opened on September 8, 2025, involves up to 1,28,76,808 partly paid-up equity shares at Rs. 15.20 per share (face value Rs. 10, premium Rs. 5.20), aggregating up to Rs. 1,957.27 lakhs, in the ratio of 1 rights share for every 4 fully paid-up shares held as on the record date of August 29, 2025. The Rights Issue Committee approved the extension on September 16, 2025 to provide shareholders more time to exercise their rights. The revised indicative timeline now places basis of allotment finalisation on September 25, allotment on September 26, credit on September 30, and listing around October 3, 2025. The corrigendum was published in Financial Express, Jansatta, and Metro Vaartha (Kerala edition).
Shareholders now have 5 extra days to subscribe to their rights entitlement or renounce it, which may improve participation. For the stock, this is a procedural timeline change with no change to issue price, ratio, or aggregate size, so the fundamental impact is limited.