Sayaji Hotels (Indore) Limited has appointed Mohammed Yusuf Abdul Razak Dhanani as an Additional Non-Executive Non-Independent Director, effective July 28, 2026. The appointment was approved by the Board of Directors during a meeting held on Tuesday, July 28, 2026, and disclosed to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This addition to the board strengthens the company’s governance structure ahead of its upcoming Annual General Meeting.

The appointment follows a recommendation from the Nomination and Remuneration Committee. Dhanani’s tenure is provisional; he shall hold office until the conclusion of the ensuing Annual General Meeting or three months from the date of appointment, whichever is earlier. The company has filed the requisite disclosures with the stock exchange, including details required under Regulation 30 read with SEBI circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated July 11, 2023 (updated as on January 30, 2026).

Mohammed Yusuf Abdul Razak Dhanani, aged 72, brings extensive industrial experience to the board. He is an industrialist with business interests spanning fertilizer, hospitality, salon services, casual dining, sweets and snacks, and realty sectors across India and globally. His DIN is 10550544. The appointment aligns with the company’s strategy to leverage diverse industry expertise in its leadership team.

Director Profile and Relationships

Dhanani is related to Mr. Raoof Razak Dhanani, the Managing Director of Sayaji Hotels (Indore) Limited. This familial relationship is disclosed as part of the regulatory requirements for director appointments. The company confirmed that Dhanani is not debarred from holding the office of Director by any SEBI order or any other authority, as per BSE circular no. LIST/COMP/14/2018-19 dated June 20, 2018.

The Board’s decision underscores its commitment to robust corporate governance and strategic oversight. Shareholders will be required to ratify this appointment at the next Annual General Meeting. Until then, Dhanani serves in an additional capacity, contributing his industrial expertise to the company’s operations and strategic planning.

Sayaji Hotels (Indore) Limited has appointed M/s DMJ & Partners as its Secretarial Auditor for a term of five consecutive years. The company’s Board of Directors approved the appointment during its meeting held on July 28, 2026, based on the recommendation of the Audit Committee. The appointment is subject to approval by the members at the ensuing Annual General Meeting.

The engagement covers the period commencing from the conclusion of the 8th Annual General Meeting until the conclusion of the 13th Annual General Meeting. This disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated July 11, 2023, updated as on January 30, 2026.

Auditor Profile

M/s DMJ & Partners is a multidisciplinary firm of Company Secretaries providing corporate, legal, and regulatory advisory services across India. The firm specializes in corporate governance, secretarial audits, SEBI and FEMA compliances, NCLT matters, NBFC advisory, and business restructuring. Led by partners with over 30 years of combined professional experience, the firm serves clients in sectors including BFSI, infrastructure, fintech, media, and start-ups.

Governance Implications

The appointment of a secretarial auditor is a statutory requirement under the Companies Act, aimed at ensuring compliance with various laws and regulations applicable to the company. The selection of DMJ & Partners reflects the company’s focus on robust corporate governance structures. The firm’s expertise in SEBI compliances and NCLT matters aligns with the regulatory needs of listed entities in the hospitality sector.

No relationships between the directors and the appointed auditor were disclosed, indicating no conflicts of interest. The Company Secretary and Compliance Officer, Aaditya Kasera (Membership No. A76172), signed the intimation letter addressed to the General Manager of Corporate Services at BSE Limited.