Sayaji Hotels Limited concluded its 43rd Annual General Meeting (AGM) on September 4, 2026. The meeting, held via video conferencing, saw shareholders approve the adoption of audited financial statements for the fiscal year ended March 31, 2026.

The AGM commenced at 11:41 am and concluded at 12:15 pm IST. Nimeshkumar Natwarlal Gandhi, Chairman of the Company, declared the meeting to order after confirming the presence of the required quorum. The proceedings were conducted in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Key Resolutions Passed

Shareholders transacted ordinary business items as outlined in the notice convening the meeting. The key resolutions included:

• Adoption of Audited Financial Statements – Standalone for FY26
• Adoption of Audited Financial Statements – Consolidated for FY26
• Reappointment of Mohammed Yusuf Abdul Razak Dhanani as a Director

Mohammed Yusuf Abdul Razak Dhanani retires by rotation under Section 152(6) of the Companies Act, 2013. Being eligible, he offered himself for reappointment, which was approved by the members.

Management Overview

Nimeshkumar Natwarlal Gandhi addressed shareholders, providing an overview of the company’s operations and financial performance during FY25-26. He highlighted the company’s dynamic transformation and thanked stakeholders for their continued support.

Raoof Razak Dhanani, Managing Director, also addressed the meeting. He discussed the evolving hospitality landscape and the company’s focus on innovation and service excellence. He specifically highlighted the expanding Sayaji Group hospitality platform, including The Forest Chapter (TFC), an experiential nature-centric brand, and Sayaji Resorts & Spa, Udaipur.

Voting Process

Puneet Karade, Company Secretary and Compliance Officer, informed members that remote e-voting was available from September 1 to September 3, 2026. E-voting facilities were also provided during the meeting for 15 minutes after its conclusion. Mr. Neelesh Gupta was appointed as the Scrutinizer for the voting process.

The voting results and Scrutinizer’s Report will be submitted to the stock exchange within two working days from the conclusion of the AGM, as per Regulation 44 of the SEBI LODR Regulations, 2015.

Sayaji Hotels has entered into a hotel management agreement to operate an 80-room property in Bhavnagar, Gujarat. The company disclosed the deal on August 25, 2026, under SEBI Listing Regulations.

The property is planned as a star-category hotel operating under the "Effotel" by Sayaji brand. Sayaji Hotels will provide operational and management services for the project.

Strategic Expansion

The agreement aligns with the company's expansion plans in key Indian markets. Management stated the move is expected to strengthen its presence in the Western region.

No financial terms, revenue projections, or duration of the agreement were disclosed in the filing.