Sayaji Hotels Limited has entered into a comprehensive hotel management agreement with Mahavan Resort LLP, marking a significant expansion in its hospitality management portfolio. The agreement was formalized on January 6, 2026, and disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Agreement Structure and Duration

The management agreement establishes a long-term partnership spanning 15 years from the date of commercial commencement of the hotel operations. Upon completion of the initial term, the agreement may be renewed based on mutually agreed terms between both parties.

Property Specifications and Facilities

The hotel property in Somnath, Gujarat, will operate as a 4-star establishment under Sayaji Hotels' management and operational oversight. The comprehensive facility will cater to both leisure and business travelers with diverse accommodation and event options.

Key Facilities Include:

• Accommodation: 50 key rooms
• Event Spaces: 1 banquet hall and 1 banquet lawn
• Dining: 2 restaurants
• Wellness: Gym and spa facilities

The property will operate under the brand name "The Forest Chapter" by Sayaji, representing the company's commitment to maintaining its established brand standards across all managed properties.

Operational Framework

Under the agreement terms, Sayaji Hotels Limited will assume full responsibility for managing and operating the hotel owned by Mahavan Resort LLP. The company will provide operational services while ensuring adherence to its established brand standards and hospitality protocols.

The transaction has been classified as a non-related party transaction, conducted at arm's length, ensuring transparency and regulatory compliance. This strategic partnership allows Sayaji Hotels to expand its management footprint without direct capital investment in property ownership.

Strategic Implications

This management agreement represents Sayaji Hotels' continued focus on expanding its hospitality management services across key tourist destinations in India. The Somnath location provides strategic access to Gujarat's religious tourism circuit, potentially enhancing the company's market presence in the region.

The 15-year commitment demonstrates confidence in long-term partnership benefits while providing Sayaji Hotels with operational control over service delivery and brand representation. The comprehensive facility mix positions the property to serve diverse customer segments, from religious tourists to business travelers requiring event and conference facilities.

Sayaji Hotels Limited has entered into a significant 15-year hotel management agreement with Siddhi Garima Reality Private Limited, marking another expansion in the company's hospitality portfolio. The agreement involves operating a 4-star property in Pune under the EFFOTELBYSAYAJI brand.

Agreement Details

The hotel management agreement establishes a comprehensive operational framework for managing and operating a hotel property owned by Siddhi Garima Reality Private Limited. The agreement demonstrates Sayaji Hotels Limited's commitment to expanding its management services while maintaining brand standards across properties.

Property Specifications

The hotel property is strategically located at Plot No. 31-32, Avassa Grassland, Opposite to Dwarka School, Mhalunge Ingale Tal Khed, Chakan, Pune-410501. The 4-star rated facility will offer comprehensive hospitality services under Sayaji Hotels Limited's operational management.

Operational Framework

Under the management agreement, Sayaji Hotels Limited will provide operational services and manage the property in line with the company's established brand standards. The hotel will operate under the EFFOTELBYSAYAJI brand, extending the company's hospitality portfolio in the Pune market.

The agreement structure allows for long-term operational stability with the initial 15-year term, while the renewable 5-year extension periods provide flexibility for both parties to continue the partnership based on mutually agreed terms. The company confirmed that this transaction does not fall within the scope of related party transactions.

Strategic Positioning

The Pune location positions the hotel property in a growing commercial and residential hub, with the Chakan area being a significant industrial and IT corridor. The comprehensive facility mix, including accommodation, dining, banquet services, and wellness amenities, is designed to serve both business and leisure travelers in the region.

This management agreement represents Sayaji Hotels Limited's continued focus on expanding its operational footprint through strategic partnerships while maintaining its established service standards and brand identity across managed properties.