Sayaji Hotels Limited has been awarded a significant tender for developing an Iconic Wellness Center Project at Sector-39, Nava Raipur Atal Nagar. The company announced this development through a regulatory filing dated April 6, 2026, pursuant to SEBI listing regulations.

Tender Award Details

The hospitality company participated in the tender as a consortium member alongside M/s. RDB Real Estate Construction Limited, which served as the lead member. The tender was issued by Nava Raipur Atal Nagar Vikas Pradhikaran under NIT No. 8589/R-23/PRJ/NRANVP/2025 and System Tender No. 178127, originally dated October 24, 2025.

Project Scope and Nature

The awarded contract involves the allotment of land on a lease-hold basis for developing an "Iconic Wellness Center" that will include:

• Ayurveda/Naturopathy Centre
• 5-star Eco resort facilities
• Infrastructure to cater to domestic and international tourists
• Medical and wellness tourism market facilities

The project is designed to serve the growing wellness tourism sector and will be developed at the demised land allocated by the authority.

Regulatory Compliance

The company has fulfilled all disclosure requirements under SEBI regulations, confirming that:

• The order has been awarded by a domestic entity
• No promoter, promoter group, or group companies have any interest in the awarding entity
• The transaction does not fall within the ambit of related party transactions
• All terms and conditions are as per the Request for Proposal (RFP) specifications

Strategic Significance

This tender award represents Sayaji Hotels' expansion into the wellness and medical tourism segment, aligning with the growing demand for wellness-focused hospitality offerings. The project's location in Nava Raipur, the planned capital city of Chhattisgarh, positions the company to capitalize on the region's development as a modern urban center.

Sayaji Hotels (Indore) Limited has fulfilled its quarterly regulatory compliance requirements by submitting the mandatory certificate under SEBI regulations for the quarter ended 31st March, 2026. The submission was made to BSE Limited on 4th April, 2026, demonstrating the company's adherence to regulatory timelines and corporate governance standards.

Regulatory Compliance Details

The certificate was submitted under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. Company Secretary and Compliance Officer Aaditya Kasera signed the submission letter, which was digitally authenticated on 4th April, 2026.

Registrar Confirmation

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, serves as the company's Registrar and Share Transfer Agent. The firm issued the compliance certificate confirming proper handling of securities dematerialisation processes during the quarter. Ashok Shetty, Sr. Vice President – Corporate Registry at MUFG Intime India, signed the confirmation certificate.

The registrar confirmed that securities received from depository participants for dematerialisation during the quarter were properly processed within prescribed timelines. The certificate validates that all security certificates received for dematerialisation were appropriately confirmed or rejected, and that necessary procedural requirements were met. Notably, the registrar confirmed that no remat requests were received for processing during the quarter ended 31st March, 2026.

Corporate Information

Sayaji Hotels (Indore) Limited maintains its registered office at H-1 Scheme No. 54, Vijay Nagar, Indore, Madhya Pradesh-452010. The submission was also copied to The National Securities Depositories Limited and The Central Depository Services (India) Limited, ensuring comprehensive regulatory notification across relevant depositories.