Sayaji Hotels (Indore) Ltd has accepted the resignation of Mrs. Suchitra Dhanani from the position of Non-Executive Non-Independent Director, effective from the close of business hours on June 25, 2026. The resignation was tendered due to other occupations. The company informed BSE Limited of this change under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mrs. Suchitra Dhanani submitted her resignation letter dated June 25, 2026, citing other occupations as the reason for stepping down. The Board of Directors accepted the resignation, which became effective on the same day. The disclosure was made in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated July 11, 2023, as updated on January 30, 2026.

Details of Resignation

The following table outlines the specific details regarding the change in directorship:

The resignation was formally communicated to the stock exchange by Aaditya Kasera, Company Secretary and Compliance Officer of Sayaji Hotels (Indore) Limited.

Promoter Ms. Zoya Dhanani has divested her entire shareholding in Sayaji Hotels (Indore) Limited , selling 1,26,601 equity shares representing 4.16% of the total equity share capital. The transaction, executed via the open market on June 11, 2026, was disclosed to the Bombay Stock Exchange (BSE) under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The sale marks a complete exit for the promoter from the company's shareholder register.

Prior to the disposal, Ms. Zoya Dhanani held 1,26,601 shares carrying voting rights, which accounted for 4.16% of the total share capital and 4.16% of the total diluted share capital. The disclosure confirmed that there were no shares held under encumbrance such as pledge or lien, nor were there any warrants or convertible securities held by the promoter before the transaction. The mode of sale was specifically recorded as an open market transaction.

The equity share capital of the target company remained unchanged at ₹3,04,66,050, comprising 30,46,605 equity shares with a face value of ₹10 each. This capital structure was consistent before and after the acquisition and sale. The total diluted share and voting capital also remained steady at ₹3,04,66,050 following the transaction, as there were no outstanding convertible securities or warrants to be considered for dilution.

The filing, signed by Aaditya Kasera, Company Secretary & Compliance Officer, confirmed that the disclosure was submitted to the BSE on June 12, 2026. The document detailed the specifics of the shareholding pattern changes, noting that the promoter's total holding dropped to zero post-sale. The shares of Sayaji Hotels (Indore) Limited are listed on the Bombay Stock Exchange (BSE) with the scrip code 544080.

Shareholding Details