Promoter Zoya Dhanani sells 4.16% stake in Sayaji Hotels
Promoter Ms. Zoya Dhanani sold her entire 4.16% stake in Sayaji Hotels (Indore) Limited, amounting to 1,26,601 shares, through an open market transaction on June 11, 2026. The disclosure was filed with the BSE on June 12, 2026, confirming the reduction of her holding to zero.

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Promoter Ms. Zoya Dhanani has divested her entire shareholding in Sayaji Hotels (Indore) Limited , selling 1,26,601 equity shares representing 4.16% of the total equity share capital. The transaction, executed via the open market on June 11, 2026, was disclosed to the Bombay Stock Exchange (BSE) under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The sale marks a complete exit for the promoter from the company's shareholder register.
Prior to the disposal, Ms. Zoya Dhanani held 1,26,601 shares carrying voting rights, which accounted for 4.16% of the total share capital and 4.16% of the total diluted share capital. The disclosure confirmed that there were no shares held under encumbrance such as pledge or lien, nor were there any warrants or convertible securities held by the promoter before the transaction. The mode of sale was specifically recorded as an open market transaction.
The equity share capital of the target company remained unchanged at ₹3,04,66,050, comprising 30,46,605 equity shares with a face value of ₹10 each. This capital structure was consistent before and after the acquisition and sale. The total diluted share and voting capital also remained steady at ₹3,04,66,050 following the transaction, as there were no outstanding convertible securities or warrants to be considered for dilution.
The filing, signed by Aaditya Kasera, Company Secretary & Compliance Officer, confirmed that the disclosure was submitted to the BSE on June 12, 2026. The document detailed the specifics of the shareholding pattern changes, noting that the promoter's total holding dropped to zero post-sale. The shares of Sayaji Hotels (Indore) Limited are listed on the Bombay Stock Exchange (BSE) with the scrip code 544080.
Shareholding Details
| Description | Number of Shares | % of Total Share Capital | % of Diluted Share Capital |
|---|---|---|---|
| Holding Before Sale | |||
| Shares carrying voting rights | 1,26,601 | 4.16% | 4.16% |
| Encumbered shares | - | - | - |
| Transaction Details | |||
| Shares sold | 1,26,601 | 4.16% | 4.16% |
| Holding After Sale | |||
| Shares carrying voting rights | - | - | - |
Historical Stock Returns for Sayaji Hotels (Indore)
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +1.85% | +11.00% | +48.85% | -9.53% | +1,102.84% |
Who were the primary buyers of the divested stake, and does this indicate a change in institutional investor interest?
How will this complete exit by a promoter impact the company's governance structure and remaining board composition?
What is the market's short-term sentiment regarding Sayaji Hotels following the loss of promoter confidence?


































