Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015
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Eco Hotels And Resorts Ltd (formerly Sharad Fibres & Yarn Processors Ltd) held a board meeting on May 20, 2025 and approved its audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with statutory auditor M/s Girish L. Shethia issuing an unmodified opinion. On a consolidated basis, total revenue for FY25 rose to about Rs 109.24 lakhs from Rs 56.30 lakhs a year earlier, while the net loss narrowed to Rs 354.84 lakhs from Rs 561.18 lakhs; on a standalone basis revenue was Rs 13.71 lakhs and net loss Rs 295.14 lakhs. The board approved taking over a hotel property in Varanasi with 35 rooms and 6 rooms on a long-term lease, and gave in-principle approval for a 60-100 room suit resort in Agra. Two new brand names — 'The Eco Boutique' and 'The Eco Resorts' — were approved for trademark filing, and M/s Bansi Jain & Associates was appointed as internal auditor for FY 2025-26.
Losses are narrowing and revenue is growing, but the company is still loss-making and remains in expansion mode funded by fresh equity and borrowings, which is positive for long-term growth prospects though short-term profitability stays weak for shareholders.