Outcome of Right Issue Committee of Eco Hotels and Resorts Limited dated September 26, 2025 for Allotment of Right Equity Shares of the Company
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Eco Hotels and Resorts Limited has allotted 1,28,76,808 partly paid-up Rights Equity Shares to eligible allottees. The issue price is Rs. 15.20 per share, with Rs. 3.80 payable on application (including a premium of Rs. 1.30 per share). The Rights Issue Committee approved the allotment at its meeting on September 26, 2025, following BSE's approval of the basis of allotment. The company, formerly known as Sharad Fibres & Yarn Processors Limited, is promoted by Eco Hotels UK PLC.
The allotment of partly paid-up rights shares will result in dilution for existing shareholders who did not subscribe. The balance amount (Rs. 11.40 per share) will be called upon later, meaning shareholders should be prepared for future cash calls on these shares.