Sayaji Hotels Limited has initiated a postal ballot and remote e-voting process to seek shareholder approval for providing financial assistance to entities where its directors are interested and to revise the remuneration of two promoters. The resolutions aim to authorize loans, guarantees, or securities up to an aggregate outstanding amount of ₹150 crore and to increase the monthly gross salary of Mrs. Saba Raoof Dhanani and Mrs. Sumera Raoof Dhanani to ₹4,60,000 each, effective from April 1, 2026.

The financial assistance, to be provided in one or more tranches, will be utilized for the principal business activities of the recipient entities. The Board of Directors will evaluate proposals and deploy funds from internal resources or other appropriate sources. The company stated that none of the directors or key managerial personnel are interested in the loan resolution beyond their shareholding in Sayaji Hotels Limited.

The revision in remuneration for the promoters, who hold offices of profit within the company, was approved by the Audit Committee and the Board of Directors on May 28, 2026. The proposed annual remuneration for each promoter is approximately ₹55,20,000, which represents about 0.37% of the company's annual consolidated turnover for the financial year ended March 31, 2026. These transactions are classified as related party transactions under Section 188 of the Companies Act, 2013.

Postal Ballot and E-Voting Schedule

Shareholders can cast their votes through remote e-voting, which is managed by Central Depository Services (India) Limited (CDSL). The voting process is open to members whose names appear in the Register of Members or the List of Beneficial Owners as of June 26, 2026. Mr. Neelesh Gupta, Practicing Company Secretary, has been appointed as the Scrutinizer to oversee the process.

Shareholders holding shares in demat form can vote through the CDSL or NSDL e-voting systems using their demat account credentials. Those holding physical shares or non-individual shareholders must log in to the e-voting portal provided by CDSL. The results of the postal ballot will be announced within two days from the last date of voting and will be displayed on the company's website.

Resolutions for Shareholder Approval

The notice outlines three specific resolutions requiring shareholder consent. The first resolution seeks approval for financial assistance limits, while the second and third resolutions concern the revision of remuneration for the promoters. The Board recommends that shareholders vote in favor of these ordinary and special resolutions.

Sayaji Hotels Limited has accepted the resignation of Mrs. Suchitra Dhanani from the position of Whole-Time Director of the company. The resignation is effective from the closure of business hours on June 25, 2026. Additionally, Dhanani has stepped down from her role as Director of Sayaji Housekeeping Services Limited, a wholly-owned subsidiary of the company, effective the same date.

The company disclosed that the resignations were submitted due to other occupations. The intimation was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

The following table outlines the key particulars regarding the change in directorship:

The resignation letters were dated June 25, 2026, and have been accepted by the Board of Directors. Puneet Karade, Company Secretary and Compliance Officer for Sayaji Hotels Limited, signed the regulatory filing.