Sayaji Hotels Limited shareholders approved three key resolutions through a postal ballot process that concluded on July 30, 2026. The approvals cover the establishment of limits for providing financial assistance to related entities, as well as remuneration revisions for two promoter directors holding offices of profit within the company. The results, scrutinized by Neelesh Gupta & Co., indicate strong shareholder support across all proposals, with dissenting votes accounting for less than 0.01% of total votes polled in each case.

The voting process was conducted in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 110 of the Companies Act, 2013. Shareholders holding shares on the cut-off date of June 26, 2026, were eligible to vote. The remote e-voting window remained open from July 1, 2026, at 9:00 AM IST until July 30, 2026, at 5:00 PM IST. Central Depository Services Limited (CDSL) facilitated the electronic voting system, ensuring data integrity throughout the process.

Voting Results Overview

The first resolution, classified as a Special Resolution, sought approval for limits on providing financial assistance by way of loan, guarantee, or security to any body corporate where company directors have an interest. This proposal received overwhelming support from the promoter group, which holds 11,706,048 shares. Public non-institutional investors also participated significantly, casting votes representing approximately 8.35% of their outstanding shares.

The second and third resolutions were Ordinary Resolutions concerning the remuneration of Mrs. Saba Raoof Dhanani and Mrs. Sumera Raoof Dhanani, respectively. Both promoters hold offices of profit in the company. The promoter group voted unanimously in favor of both remuneration revisions, contributing 4,481,054 votes to each resolution. Public non-institutional shareholders also largely supported these measures, with dissenting votes limited to single-digit figures.

Scrutinizer’s Report

Neelesh Gupta, a practicing Company Secretary from Neelesh Gupta & Co., served as the independent scrutinizer for the postal ballot. His report confirmed that the e-voting process was conducted fairly and transparently, adhering to the guidelines issued by the Ministry of Corporate Affairs and the Institute of Company Secretaries of India. The unblocking of votes was witnessed by two independent witnesses, Mr. Abhishek Kushwah and Mr. Naman Dubey, who are not employed by the company or CDSL.

The total number of shareholders on the record date was 3,653. Of these, a significant portion exercised their voting rights via the electronic platform. No invalid votes were recorded in any category, reflecting a smooth administrative execution of the ballot process. The final data was handed over to Puneet Karade, the Company Secretary and Compliance Officer of Sayaji Hotels Limited.

What the Numbers Show

The voting pattern reveals a clear alignment between the promoter group and public non-institutional investors on these governance matters. While institutional investors did not participate in the polling, the high turnout among non-institutional public shareholders—representing over 484,000 votes polled per resolution—suggests active engagement from retail stakeholders. The negligible dissent rates across all three resolutions indicate broad consensus on the proposed financial assistance limits and executive compensation structures.

Sayaji Hotels has been directed by the District Consumer Disputes Redressal Commission, Bhopal, to pay a total of ₹2.68 lakh regarding a consumer dispute. The order, dated July 7, 2026, was received by the company on July 18, 2026. The company stated that the directive does not have a material impact on its financial, operational, or other activities.

The adjudicating authority instructed the company to make three specific payments to the complainant. The breakdown of the financial directive includes a refund component, compensation for service deficiency, and reimbursement of complaint costs.

Breakdown of the Order

The District Consumer Disputes Redressal Commission, Bhopal, outlined the following payment structure in its order:

The company confirmed that it will take appropriate action in reference to the said order. The intimation was submitted to the stock exchanges pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.