Forfeiture of 16,31,580 partly paid-up Right Issue shares revised; notices dispatched
Eco Hotels and Resorts has issued a revised intimation: the Board approved forfeiture of 16,31,580 partly paid-up Right Issue equity shares for non-payment of call money.
By ScoutQuest · · 2 min read
- Shares approved for forfeiture
- 16,31,580 partly paid-up Right Issue equity shares
- Board approval date
- October 13, 2026
- Earlier disclosure date
- October 17, 2026
What the company has said
Eco Hotels and Resorts Ltd has shared a revised intimation with the stock exchange about forfeiture notices sent to shareholders who did not pay call money on partly paid-up Right Issue equity shares. The company says the number of shares given in its earlier disclosure dated October 17, 2026 was stated incorrectly because of a technical error, and it has now clarified the correct figure.
The corrected number is 16,31,580 partly paid-up Right Issue Equity Shares, which the Board of Directors approved for forfeiture at its meeting held on October 13, 2026. The forfeiture notices have been dispatched to the concerned shareholders.
What exactly changed
- The Board's approval of forfeiture is dated October 13, 2026.
- The number of shares approved for forfeiture is restated as 16,31,580 partly paid-up Right Issue equity shares.
- The company states the earlier number was inadvertently stated incorrectly due to a technical error.
- The forfeiture notices have been dispatched to the concerned shareholders.
- All other information in the October 17, 2026 disclosure remains unchanged.
What forfeiture means, in simple terms
- In a rights issue, shares can be issued as partly paid-up, which means the shareholder pays only part of the amount at the time of allotment and the rest when the company makes a call for the balance.
- If a shareholder does not pay the call money, the company can forfeit those shares. The shareholder loses the shares allotted against the unpaid amount.
- Here, the company has approved forfeiture of 16,31,580 such partly paid-up shares and has sent notices to the affected shareholders.
What a retail investor may want to note
- This is a revised disclosure, so the corrected figure of 16,31,580 shares is the one to rely on rather than the number in the October 17, 2026 intimation.
- The action relates to a specific set of partly paid-up Right Issue shareholders who did not pay call money; the update does not change anything else from the earlier disclosure.
- The intimation is also available on the company's website, www.ecohotels.in.
In short
The news is a correction of a share count in an earlier disclosure. The company has restated the number of partly paid-up Right Issue equity shares approved for forfeiture as 16,31,580 and confirmed that the forfeiture notices have been dispatched, with the rest of the October 17, 2026 disclosure left unchanged.
Also from Eco Hotels And Resorts
Forfeiture notices sent to shareholders over unpaid call money on ~13.62 lakh partly paid-up shares
17 Oct 2026
Forfeiture of 16,31,580 partly paid-up Right Issue shares; in-principal approval to raise up to INR 50 Crore
13 Oct 2026
Board approves forfeiture of 16,31,580 partly paid-up shares; in-principal nod to raise up to INR 50 crore
13 Oct 2026
More numbers
- Partly paid-up Right Issue equity shares approved for forfeiture16,31,580
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.