Pre-Issue Advertisement pursuant to the proposed Right Issue of Equity Shares
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Eco Hotels And Resorts Ltd has published a pre-issue advertisement in connection with its proposed Rights Issue of up to 1,28,76,808 partly paid-up equity shares of face value Rs. 10 each at Rs. 15.20 per share (including Rs. 5.20 premium), aggregating up to Rs. 1,957.27 lakhs (~Rs. 19.57 crore). The issue is on a rights basis in the ratio of 1 partly paid-up share for every 4 fully paid-up equity shares held, with the record date set as August 29, 2025. The issue opens on September 8, 2025 and closes on September 17, 2025, with last date for on-market renunciation being September 11, 2025. The advertisement was published in Financial Express (English), Jansatta (Hindi), and Metro Vaartha (Kerala edition). Promoters include Mr. Thomas Joy, Mr. Suchit Punnose, Modulex Modular Buildings Pvt Ltd, and Eco Hotels UK PLC.
Existing shareholders as on the record date (August 29, 2025) are eligible to subscribe to the rights issue in the 1:4 ratio; failure to apply may result in dilution of their holding. The issue price of Rs. 15.20 is at a 1.52x premium to face value, and shares will be partly paid-up with balance payable via future calls decided by the Board.