Eco Hotels And Resorts Ltd — Important, 17-04-2026: Company Update

Eco Hotels and Resorts Limited has submitted a statement on the utilization of funds from its partly paid-up Right Issue, which raised 19.57 Cr. The company confirmed no material deviation in the overall purpose of these funds. However, there was a reallocation between specific project categories. Funds originally intended for identified property advances (9.74 Cr) saw lower utilization (1.02 Cr). Conversely, 6.60 Cr was deployed towards new, previously unidentified properties, including security deposits and construction advances, exceeding its initial allocation of 4.73 Cr. This strategic interchange facilitated business expansion by securing new lease properties.