Promoter Kayum Razak Dhanani has exited his shareholding in Sayaji Hotels (Indore) Limited by disposing of his entire stake. The transaction involved the sale of 43,031 equity shares, representing 1.41% of the company's total share capital and voting rights. The shares were sold on the open market on June 30, 2026, as disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to the disposal, Dhanani held 43,031 shares carrying voting rights, constituting 1.41% of the total paid-up capital. The disclosure confirmed that there were no encumbrances such as pledges or liens on these shares before the transaction. Additionally, the promoter did not hold any warrants, convertible securities, or other instruments entitling him to acquire further voting rights.

Following the sale, the promoter's holding in the hospitality company has reduced to zero. The total equity share capital of Sayaji Hotels (Indore) Limited remains unchanged at Rs. 3,04,66,050, comprising 30,46,605 equity shares with a face value of Rs. 10 each. The total diluted share capital also remains at this level.

The filing confirms that the disposal was conducted solely through the open market mechanism. The shares of Sayaji Hotels (Indore) Limited are listed on the Bombay Stock Exchange (BSE). The disclosure was signed and submitted by Kayum Razak Dhanani from Bengaluru on the date of the transaction.

Shareholding Details

The table below outlines the changes in the promoter's shareholding following the disposal:

Sayaji Hotels (Indore) Ltd has accepted the resignation of Mrs. Suchitra Dhanani from the position of Non-Executive Non-Independent Director, effective from the close of business hours on June 25, 2026. The resignation was tendered due to other occupations. The company informed BSE Limited of this change under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mrs. Suchitra Dhanani submitted her resignation letter dated June 25, 2026, citing other occupations as the reason for stepping down. The Board of Directors accepted the resignation, which became effective on the same day. The disclosure was made in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated July 11, 2023, as updated on January 30, 2026.

Details of Resignation

The following table outlines the specific details regarding the change in directorship:

The resignation was formally communicated to the stock exchange by Aaditya Kasera, Company Secretary and Compliance Officer of Sayaji Hotels (Indore) Limited.