Description
ECO HOTELS AND RESORTS LTD has fixed record date for rights issue offering 1 equity share for every 4 held at Rs 15.20 per share.
Summary
ECO HOTELS AND RESORTS LTD (Code: 514402) has announced a rights issue of equity shares with record date set for August 29, 2025. The company will issue 1 equity share of Rs 10 each for every 4 equity shares held at a premium of Rs 5.20 per share.
Key Points
- Rights ratio: 1 new equity share for every 4 existing shares held
- Face value: Rs 10 per share
- Premium: Rs 5.20 per share
- Total issue price: Rs 15.20 per rights equity share
- Record date: August 29, 2025
- Ex-rights trading begins: August 29, 2025 (Settlement DR-704/2025-2026)
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members must ensure transactions in equity shares are conducted on ex-rights basis from August 29, 2025
- All trading activities must comply with the dematerialized securities rolling settlement segment requirements
Important Dates
- Record Date: August 29, 2025
- Ex-Rights Trading Start Date: August 29, 2025
- Settlement Number: DR-704/2025-2026
Impact Assessment
This rights issue will dilute existing shareholding but provides existing shareholders the opportunity to maintain their proportional ownership by subscribing to additional shares. The staggered payment structure (Rs 3.80 on application, Rs 11.40 in calls) makes the subscription more accessible to shareholders. Trading will shift to ex-rights basis, affecting share pricing and trading patterns from the record date.
Impact Justification
Corporate action affecting shareholders with specific record date and pricing structure