Outcome of Board Meeting as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Eco Hotels and Resorts held a board meeting on October 13, 2025 with several key decisions. Mr. Vikram Doshi, a Chartered Accountant and Company Secretary with 15+ years of experience at Ernst & Young, Reliance Capital, and Nayara Energy, was appointed as Additional Whole-time Director for three years. Company Secretary Ms. Nidhi Baldwa resigned effective October 31, 2025 citing personal and professional commitments, and will be replaced by CS Heena Supadia effective November 1, 2025. The NRC also granted 63,000 stock options under the ECO ESOP 2023-Modified plan, out of a total pool of 20 lakh options. Additionally, the Board reviewed the status of operational hotels and flagged a dispute involving the Kota Property, forming a Committee of Directors to handle it.
The appointment of a finance-experienced Whole-time Director and the orderly Company Secretary transition suggest governance continuity. However, the Kota Property dispute could pose operational or financial risk depending on its outcome, and the ESOP grant will cause mild shareholder dilution if exercised.