Sayaji Hotels Limited shareholders approved the adoption of audited financial statements for FY26 and reappointed Mohammed Yusuf Abdul Razak Dhanani as a director at its 43rd Annual General Meeting (AGM) held on September 4, 2026. The meeting concluded with the submission of the Scrutinizer's Report confirming the passage of all three ordinary resolutions with requisite majority.

The AGM commenced at 11:41 am and concluded at 12:15 pm IST via video conferencing. Nimeshkumar Natwarlal Gandhi, Chairman, declared the meeting to order after confirming quorum. Proceedings complied with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Key Resolutions Passed

Shareholders transacted ordinary business items as outlined in the notice. 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.

Voting Results

The Scrutinizer's Report, submitted by Neelesh Gupta & Co., detailed the consolidated voting results. A total of 24 members cast votes across remote e-voting and during the AGM. The cut-off date for voting rights was August 28, 2026.

For the adoption of financial statements, 23 members voted in favor with 11,337,964 votes, while one member dissented with a single vote. Similarly, the reappointment resolution saw 13 members vote in favor with 3,293,217 votes against one dissenting vote.

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 Details

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 were 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.