We wish to inform you that Board of Directors in their Board Meeting held on October 13, 2025, approved the 63,000 ESOPs under Eco Hotels and Resorts - Employee Stock Option Plan 2023-Modified ....
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Eco Hotels and Resorts' Board, at its October 13, 2025 meeting, approved the appointment of Mr. Vikram Doshi (Chartered Accountant with 15+ years of experience at EY, Reliance Capital, and Nayara Energy) as Additional/Whole-time Director for a 3-year term effective October 13, 2025 to October 12, 2028, subject to shareholder approval. The Board accepted the resignation of Company Secretary & Compliance Officer Ms. Nidhi Baldwa, effective October 31, 2025 (citing personal and professional commitments), and appointed CS Heena Supadia (ICSI member, 9 years' experience) as the new Company Secretary, Compliance Officer, and KMP from November 1, 2025. The Nomination and Remuneration Committee granted 63,000 ESOPs under the 'ECO ESOP 2023-Modified' plan, which has an overall ceiling of 20,00,000 options. The Board also flagged a dispute involving the Kota property and formed a Committee of Directors to handle it.
Routine management reshuffle with a small ESOP grant (63,000 options vs. a 20 lakh ceiling) signals limited dilution and continuity. The Kota property dispute and newly formed Directors' Committee is a watch item for shareholders, though no financial exposure has been quantified yet.