Sayaji Hotels (Indore) has filed the scrutinizer's report and voting results for its 8th Annual General Meeting held on August 21, 2026. All five resolutions on the agenda were passed with unanimous support from participating shareholders.

The meeting was conducted via Video Conferencing/Other Audio-Visual Means. Of the 2,706 shareholders on record as of August 14, 2026, 30 members attended the meeting virtually. A total of 14 members cast their votes through remote e-voting, representing 2,114,651 shares.

Voting Results

The scrutinizer, Neelesh Gupta & Co., confirmed that all resolutions received 100% assent among the votes polled. No dissenting or invalid votes were recorded for any item.

Key Resolutions Passed

Shareholders approved the adoption of the audited financial statements for FY26. The Board’s re-appointment of Mr. Raoof Razak Dhanani as Director was also ratified. Notably, promoters and their relatives abstained from voting on this resolution due to interest under Section 2(76) of the Companies Act, 2013.

A special resolution was passed to increase the company’s borrowing limits under Section 180(1)(c) of the Companies Act, 2013. The total amount borrowed and outstanding at any point in time shall not exceed ₹250 crore. This limit applies to loans, advances, cash credit facilities, overdrafts, deposits, debentures, and commercial papers.

Secretarial Auditor Appointment

M/s DMJ & Partners was appointed as the Secretarial Auditor for a term of five consecutive years, commencing from the conclusion of the 8th AGM until the 13th AGM. This appointment complies with Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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

New Director Appointment

Mohammed Yusuf Abdul Razak Dhanani was appointed as a Non-Executive Non-Independent Director. He had previously been appointed as an Additional Director with effect from July 28, 2026, and is liable to retire by rotation. The appointment was approved by members at the AGM based on the recommendation of the Nomination and Remuneration Committee.

Dhanani, aged 72, is an industrialist with interests across fertilizer, hospitality, salon, casual dining, sweets and snacks, and realty businesses spread pan India and globally. He is related to Mr. Raoof Razak Dhanani, the Managing Director of the company. He is not debarred from holding the office of Director by any SEBI order or other authority.

Management Outlook

The Managing Director highlighted the company’s focus on strengthening operations and enhancing guest satisfaction. Expansion plans include the development of the upcoming ultra-luxury property "Altara" at Indore Bypass. The Chairman also briefed members on CSR initiatives and the interim dividend declared for FY25-26.

Board Composition

The following directors were present at the meeting:

Century 21 Officespace Private Limited, a promoter group entity, sold 17,498 equity shares of Sayaji Hotels (Indore) Limited on August 18, 2026. The disposal was executed through the open market, reducing the seller's total holding in the company.

The transaction represents a 0.57% reduction in the stake relative to the total share and voting capital of the target company. Century 21 Officespace held 9,16,270 shares, constituting 30.07% of the capital, prior to the sale.

Transaction Details

Following the disposal, Century 21 Officespace's holding stands at 8,98,772 shares, representing 29.50% of the total diluted share and voting capital. The company's total equity share capital remains unchanged at ₹3,04,66,050, comprising 30,46,605 equity shares with a face value of ₹10 each.

The filing under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirms that there were no encumbrances, pledges, or liens on the shares either before or after the transaction. Additionally, no voting rights other than those attached to equity shares were involved in the deal.