Saboo Sodium Chloro Limited has achieved a major milestone in its hospitality sector expansion by securing the Forest No Objection Certificate (NOC) for its ambitious 120-room luxury 5-star resort project in Jawai, Rajasthan. The approval marks a significant step forward in the company's diversification strategy beyond its core salt manufacturing business.

Project Overview and Location

The luxury resort project is strategically positioned on approximately 40,000 square meters of land in Jawai, one of India's premier wildlife tourism destinations. The location is particularly notable for its unique leopard habitat and conservation landscape, making it an attractive destination for eco-tourism and luxury hospitality.

The project site's proximity to the established Aaramgah Jawai Resort & Spa, which operates as a member of Radisson Individuals Retreats, positions the development within an established hospitality corridor in the region.

Development Progress and Timeline

With the Forest NOC approval now secured, the project has transitioned into an advanced pre-construction phase. The company has made substantial progress in the planning and preparation stages, demonstrating its commitment to moving forward with the development.

Key development milestones include:

• Architectural drawings have been completed and submitted to the company
• Civil contract tendering process is in final stages
• Construction expected to commence within two months
• Timeline subject to additional regulatory approvals and final conversion orders

Strategic Significance

The Forest NOC approval represents a crucial regulatory milestone for Saboo Sodium Chloro Limited's entry into the hospitality sector. Jawai's reputation as a leading wildlife tourism destination, particularly renowned for its leopard conservation efforts, provides a strong foundation for a luxury resort operation.

The project, branded as Samskara Jawai, will operate in a region that attracts discerning travelers seeking unique wildlife experiences combined with luxury accommodations. The 120-room capacity positions the resort as a significant hospitality asset in the area.

Next Steps

The company is now focused on completing the remaining regulatory requirements and finalizing construction preparations. The two-month timeline for construction commencement indicates the project's advanced state of readiness, pending final approvals and conversion orders.

This development represents Saboo Sodium Chloro Limited's strategic expansion beyond its traditional salt manufacturing operations into the growing hospitality and tourism sector in Rajasthan.

Saboo Sodium Chloro Limited's board of directors has officially approved a rights issue to raise funds up to Rs 55.96 crores through the issuance of partly paid-up equity shares. The board meeting, held on March 05, 2026, at the company's registered office in Jaipur, successfully concluded with the approval of the fund raising proposal.

Board Meeting Outcome

The board meeting commenced at 01:00 P.M. and concluded at 01:40 P.M. on March 05, 2026. The directors approved the fund raising initiative through rights issue in compliance with SEBI regulations and applicable laws. The outcome was communicated to BSE Limited under Regulation 30 of SEBI Listing Regulations.

Rights Issue Specifications

The board has approved raising funds through issuance of partly paid-up equity shares with a face value of Rs 10.00 each. The rights issue will be offered to eligible equity shareholders as on the record date, which will be determined and notified subsequently.

Regulatory Compliance Framework

The rights issue is subject to receipt of statutory and regulatory approvals in accordance with the amended SEBI (Issuer of Capital and Disclosure Requirements) Amendment Regulations, 2025 and other applicable regulations. The company will seek necessary approvals as required under the regulatory framework, including compliance with SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Implementation Timeline and Terms

For giving effect to the rights issue, detailed terms including issue price, rights entitlement ratio, record date, timing and terms of payment will be determined by the board in due course. These determinations will be made in accordance with applicable laws and subject to receipt of necessary approvals.

Corporate Communication

The outcome has been communicated to BSE Limited with requisite details provided as per Schedule III requirements of the Listing Regulations. The communication was digitally signed by Girdhar Saboo, Managing Director (DIN: 00364750), ensuring compliance with disclosure obligations. The company's registered office is located at Surya House, L-5, B-II, Krishna Marg, C-Scheme, Jaipur-302001, Rajasthan.