Sayaji Hotels Limited has entered into a hotel management agreement for a new property in Bengaluru, marking another step in the company's strategic expansion across India. The agreement was announced through a regulatory filing under Regulation 30 of SEBI listing requirements on April 7th, 2026.

Project Details

The new hotel development presents significant expansion opportunities for the company in Karnataka's capital city. Key specifications of the project include:

Strategic Expansion Initiative

This management agreement represents part of Sayaji Hotels Limited's broader strategic expansion plans targeting key markets across India. The company aims to strengthen its presence in the southern region through this Bengaluru property, which will operate under the Enrise brand portfolio.

The 4-star category positioning aligns with the company's focus on mid-to-premium segment hospitality services. The 59-room configuration suggests a boutique-style property designed to cater to both business and leisure travelers in Bengaluru's competitive hospitality market.

Regulatory Compliance

The company fulfilled its disclosure obligations by informing the BSE Limited about this material development. The agreement falls under the purview of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates disclosure of material events and information.

Company Secretary and Compliance Officer Puneet Karade signed the regulatory filing, ensuring proper compliance with listing requirements. This transparent approach demonstrates the company's commitment to keeping stakeholders informed about significant business developments.

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.