Sayaji Hotels (Indore) Limited’s Board of Directors appointed Mr. Prakash Bhatore as Company Secretary and Compliance Officer effective October 1, 2026. The appointment replaces Mr. Aaditya Kasera, who resigned from the post. Mr. Bhatore is an Associate Member of the Institute of Company Secretaries of India with membership number A79062.

The board approved the appointment during its meeting on September 16, 2026, which commenced at 4:03 pm and concluded at 4:25 pm. Alongside the key appointment, the directors sanctioned an enhancement in the company’s borrowing limits and approved material related-party transactions pending shareholder consent.

The approval of related-party transactions is subject to subsequent shareholder approval via the postal ballot mechanism. The board finalized the draft notice for the postal ballot, appointed a scrutinizer for e-voting, and determined the cut-off date for serving notices and conducting electronic voting. The directors also addressed other routine business items during the session.

Sayaji Hotels (Indore) Limited secured a stay from the Madhya Pradesh High Court on the partial suspension of its FSSAI licence for the Indore unit. The court granted the relief on August 22, 2026, following a writ petition filed by the company.

The regulatory action stems from an inspection conducted by the Food Safety and Standards Authority of India at the property on August 20, 2026. The Office of Food Safety Administration, Indore, issued the partial suspension order on August 21, 2026, after trading hours.

Legal Proceedings and Court Order

The company filed a Writ Petition before the Hon'ble High Court of Madhya Pradesh, Indore Bench, on August 22, 2026, challenging the impugned order. The court vide its order dated August 22, 2026, granted a stay on the FSSAI directive.

Operational and Financial Impact

The company stated that there are no material operational or financial implications arising from the order at present. It has requested concerned authorities to take necessary action in compliance with the High Court order.

Sayaji Hotels (Indore) Limited notified BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company continues to monitor the matter and assess any further implications.