We wish to inform you that Board of Directors in their Board Meeting dated October 13, 2025, approved the appointment of Mr. Vikram Doshi, as an Additional Director with designation of ....
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Eco Hotels and Resorts' Board, at its October 13, 2025 meeting, approved several key changes. Mr. Vikram Doshi, a Chartered Accountant and Company Secretary with over 15 years of experience at firms like Ernst & Young, Reliance Capital and Nayara Energy, was appointed as Whole-time Director for a three-year term (Oct 13, 2025 to Oct 12, 2028). Company Secretary and Compliance Officer Ms. Nidhi Baldwa resigned effective October 31, 2025, citing personal and professional commitments, and CS Heena Supadia (ICSI member, ~9 years experience) was appointed as her replacement effective November 1, 2025. The Nomination and Remuneration Committee also granted 63,000 stock options under the ECO ESOP 2023-Modified plan (out of a total 20 lakh options authorised). The Board additionally reviewed operational hotel status and formed a committee to handle a dispute involving a Kota property.
The change at the Company Secretary level is a routine KMP transition with a successor already in place, suggesting minimal disruption. The new Whole-time Director brings strong finance and compliance experience, which could strengthen governance. The 63,000 ESOP grant is small relative to the 20 lakh option pool, so dilution impact is limited, though shareholders should watch the Kota property dispute outcome.