Eco Hotels And Resorts Ltd Issues Reminder for First and Second Call Payments on Partly Paid-up Equity Shares

Eco Hotels And Resorts Ltd Issues Reminder for First and Second Call Payments on Partly Paid-up Equity Shares​

Eco Hotels And Resorts Ltd has issued a reminder notice regarding the outstanding First and Second Call Money on its partly paid-up equity shares, which were allotted through a Rights Issue. The company requested shareholders to settle the due amounts, along with accrued interest on delayed payments, by June 30, 2026.

The reminder addresses shareholders who have not yet paid the required Call Money installments. These calls relate to the partly paid-up equity shares of Eco Hotels And Resorts Limited, which carry a total value of Rs. 3.80 per share (comprising Rs. 2.50 towards paid up value and Rs. 1.30 premium).

The notice specifies that interest is levied at a rate of 10% per annum in accordance with the company's Articles of Association and the terms of the Letter of Offer, calculated from the respective original due dates up to the actual date of payment.

Payment Details for Call Money​

Shareholders are required to complete payments for both the First Call and the Second and Final Call. The crucial details regarding the calls are summarized below:

Payment Window for Shareholders​

The company has set a strict payment period for the First and Second Call Money. The payment window starts on Monday, June 22, 2026, and must be completed by Tuesday, June 30, 2026.

A separate reminder notice was also issued regarding interest payments due on the delayed payment of both calls. This interest is calculated at 10% per annum. The timeline for making this interest payment remains the same as the principal Call Money payment, running from June 22, 2026, to June 30, 2026.

Trading and Non-Payment Consequences​

It is noted that trading in ISIN 'IN9638N01036', which represents the partly paid-up equity shares (face value of 10/- each with Rs. 7.50 paid up), was suspended by the Stock Exchange from Friday, May 29, 2026, due to the Third and Final Call.

The company has stated that failure to pay the First and Second Call Money along with interest will render the Rights Equity Shares, including the amount already paid thereon, liable to be forfeited as per the Articles of Association and the Letter of Offer.

All concerned shareholders are requested to adhere to the specified payment period to ensure compliance regarding the fully paid-up status of their shares.

Stock Price Movement​

Eco Hotels And Resorts Ltd settled at ₹14.79 after closing trade today, climbing 2.78% on the day. The shares experienced a notable range during trading, moving between a low of ₹13.72 and an intraday high of ₹15.10.