Outcome of Right Issue Committee - for deciding Ratio, Price and Issue schedule for Right Issue
Price
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Eco Hotels and Resorts Ltd (formerly Sharad Fibres & Yarn Processors Ltd) has finalised the terms of its proposed Rights Issue worth approximately Rs. 1,996.42 Lakhs (about Rs. 20 crore). The company will issue 1,31,34,345 partly paid-up equity shares of Rs. 10 face value at Rs. 15.20 per share, in the ratio of 1 new share for every 4 shares held. The record date to identify eligible shareholders is Friday, August 29, 2025, with the issue opening on September 8, 2025 and closing on September 17, 2025. Investors need to pay Rs. 3.80 per share on application, with the remaining Rs. 11.40 callable later by the Board. The company is promoted by Eco Hotels UK PLC and operates hotel brands like The Eco, EcoXpress, and Eco Satva.
Eligible shareholders as of the August 29, 2025 record date will get rights entitlements and must decide whether to subscribe; non-participation could lead to dilution of their holding. The Rs. 20 crore equity infusion should strengthen the company's balance sheet for its hotel expansion plans, but the partly paid-up structure defers cash collection and adds future dilution risk if calls are made.