Eco Hotels And Resorts Ltd Approves Waiver of Interest on Delayed Call Money Payments for Rights Issue Shareholders
Eco Hotels And Resorts Ltd announced the outcome of its Rights Issue Committee meeting held on July 03, 2026, concerning shareholders who paid the outstanding First and Second Call Money after missing the original due dates.The Rights Issue Committee approved a waiver of interest on the delayed payment of both the First and Second Call Money for those shareholders who subsequently cleared the outstanding amounts following a reminder notice issued on June 22, 2026. Furthermore, the Committee sanctioned the refund of any interest amount that had been collected from these compliant shareholders.
The decision was made in accordance with the powers delegated by the Board of Directors and the company's Articles of Association.
The Committee clearly stipulated that this waiver would not be applicable to any shareholder who remains in default regarding the payment of the Third and/or Final Call Money. Such defaulting shareholders remain liable for the outstanding call money along with the applicable interest, as per the Articles of Association, until the payment is completed.
Stock Price Movement
As of 14:55, Eco Hotels And Resorts Ltd shares are tracking lower at ₹13.25, reflecting a drop of 3.14%. The stock has moved throughout the day within an intraday range defined by a high of ₹13.68 and a low of ₹13.20.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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