Eco Hotels and Resorts Allots 1 Million Sweat Equity Shares to Chairman Vinod Tripathi, Recognizes Strategic Leadership

Eco Hotels and Resorts Ltd has approved the allotment of 1 million sweat equity shares to its Chairman and Executive Director, Vinod Kumar Tripathi. The move reflects the company’s recognition of Tripathi’s strategic contributions and leadership in steering its transformation into a net-zero hospitality brand.

 

Key Highlights:

 

The allotment was approved under Regulation 30 of SEBI (LODR), following shareholder consent at the Extraordinary General Meeting held earlier this year.

 

The sweat equity shares are issued in recognition of Tripathi’s non-monetary contributions, including brand repositioning, operational restructuring, and expansion planning.

 

These shares will rank pari-passu with existing equity in terms of voting rights and dividend entitlement.

 

Operational Context:

 

Eco Hotels has undergone significant restructuring, including a name change from Sharad Fibres & Yarn Processors Ltd and the acquisition of Eco Hotels India Pvt Ltd.

 

The company is positioning itself as the world’s first net-zero hotel brand, with a focus on ecological and economical hospitality models.

 

Tripathi has played a key role in aligning the company’s ethos around sustainability, vegetarian and vegan offerings, and the 3Ps—People, Planet, Profit.

 

Strategic Outlook:

 

The allotment strengthens promoter holding and signals long-term commitment to the brand’s growth trajectory.

 

Analysts view the move as a morale booster for leadership and a signal of confidence in the company’s future.

 

Further sweat equity allotments to other key executives are expected, subject to board and regulatory approvals.

 

Sources: Business Standard, BSE Corporate Filings, India Infoline (July 2025)