Newspaper Advertisement in respect of Notice of First Call to the holders of partly paid-up Equity Shares
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Eco Hotels and Resorts has published newspaper advertisements (in Financial Express, Jansatta, and Metro Vaartha) regarding the First Call notice for holders of partly paid-up equity shares issued under its earlier Rights Issue (Letter of Offer dated August 29, 2025). The Board fixed the First Call amount at Rs. 3.80 per share (Rs. 2.50 towards face value and Rs. 1.30 towards securities premium), with the record date set as January 8, 2026. Shareholders can pay the call money between January 27, 2026 and February 10, 2026 through online ASBA, physical ASBA, or 3-in-1 trading-demat-bank accounts. Failure to pay will attract 10% annual interest, allow the company to adjust dividends, and risk forfeiture of partly paid-up shares. The existing ISIN INE638N01010 has been suspended by the stock exchange from January 8, 2026 pending conversion to a new ISIN reflecting Rs. 5 paid-up status.
Shareholders holding partly paid-up equity shares must pay Rs. 3.80 per share by February 10, 2026 to avoid 10% penal interest, dividend adjustments, and possible forfeiture of shares. The suspension of the existing ISIN means these shares cannot be traded until the call money is paid and the corporate action converting them to Rs. 5 paid-up shares is completed.