Newspaper Publication of the Basis of Allotment in connection with the Right Issue of Equity Shares of the Company
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Eco Hotels And Resorts Ltd has filed newspaper advertisements for the basis of allotment of its rights issue of up to 1,26,76,808 partly paid-up equity shares at Rs. 15.20 per share (face value Rs. 10 plus Rs. 5.20 premium), 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 issue opened on September 3, 2025 and closed on September 22, 2025 (extended from the original September 17, 2025). The issue was oversubscribed, receiving 721 valid applications for 1,91,14,546 shares against the 1,28,76,808 shares allotted, representing a subscription level of 148.44%. The Board approved the basis of allotment on September 30, 2025, in consultation with BSE as the designated stock exchange, and the allotted shares have been credited to the demat accounts of successful allottees.
The oversubscription of the rights issue reflects positive shareholder confidence and allows the company to raise the full planned capital of up to Rs. 1,957.27 lakhs. Since the shares are partly paid-up, the company may make future calls on the remaining amount, and existing shareholders should watch for these capital call notices.