Sayaji Hotels Limited has successfully completed its postal ballot process for the appointment of a new director and submitted formal regulatory compliance documentation to BSE Limited. The company has formally notified the exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming the appointment of Mr. Kayum Razak Dhanani (DIN: 00987597) as a Non-Executive Non-Independent Director following overwhelming shareholder approval.

Voting Results and Shareholder Participation

The postal ballot results revealed exceptional shareholder support for the proposed appointment. Out of 6185270 total votes polled, 6185267 votes were cast in favor of the resolution, representing a remarkable 99.9998% approval rate. Only 3 votes were registered against the proposal, highlighting the strong consensus among shareholders.

E-Voting Process and Timeline

The company conducted the postal ballot exclusively through electronic voting means, ensuring transparency and accessibility for all eligible shareholders. The e-voting period remained open from Saturday, March 7, 2026, at 09:00 A.M. IST to Monday, April 6, 2026, at 05:00 P.M. IST. The cut-off date for determining eligible voters was set as Saturday, February 28, 2026.

Director Profile and Background

Mr. Kayum Razak Dhanani brings specialized industry expertise to the board, holding a diploma in sole-making from the Central Leather Research Institute, Chennai. He has been associated with Sara Suole Private Limited since 2005, which is involved in the business of manufacturing, processing and selling leather goods, including soles, shoes and other leather accessories. The appointment follows his initial designation as an Additional Director on February 10, 2026, at the Board Meeting.

Regulatory Compliance and Documentation

The company has fulfilled all regulatory requirements by submitting the voting results and scrutinizer's report to BSE Limited under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Puneet Karade signed the submission documents on April 7, 2026, completing the formal notification process to the stock exchange. The appointment documentation confirms that Mr. Kayum Razak Dhanani is not debarred from holding the office of Director by any SEBI order or any other such authority.

Family Connections and Board Composition

The appointment strengthens family representation on the board, as Mr. Kayum Razak Dhanani is related to several existing directors including Mr. Raoof Razak Dhanani (Managing Director), Mr. Mohammad Yusuf Abdul Razak Dhanani (Non-Executive Non-Independent Director), and Mrs. Suchitra Dhanani (Whole-Time Director). The complete results and scrutinizer's report are available on the company's website at www.sayajihotels.com , ensuring transparency and accessibility for all stakeholders.

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.