Sayaji Hotels Limited has disclosed a significant shareholding change by one of its promoters, Zuber Yusuf Dhanani, who has substantially increased his stake in the hospitality company through a strategic share acquisition completed on December 22, 2025.

Transaction Details

The promoter acquired 7,00,041 equity shares through an inter-se transfer, representing a 3.99% increase in his shareholding. This transaction was disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, highlighting its significance for the company's ownership structure.

Shareholding Changes

The acquisition has resulted in a substantial increase in Dhanani's ownership position within Sayaji Hotels Limited. His shareholding has grown from a modest position to a more significant stake in the company.

Company Capital Structure

Sayaji Hotels Limited maintains a stable equity capital structure, with the total share capital remaining unchanged following this inter-se transfer transaction.

Regulatory Compliance

The disclosure demonstrates Sayaji Hotels Limited's commitment to regulatory compliance and transparency in shareholding changes. The transaction was properly reported to BSE Limited, where the company's shares are listed under scrip code 523710. This inter-se transfer between promoter entities reflects internal restructuring while maintaining promoter group control within the Hotels & Restaurants sector company.

Sayaji Hotels Limited has received a disclosure from its promoter regarding the release of share encumbrance under regulatory requirements. The announcement, filed on December 22, 2025, provides information about changes in promoter shareholding status and compliance with SEBI regulations.

Share Encumbrance Release Details

Promoter Raoof Razak Dhanani has declared the release of encumbrance on a significant portion of his equity holdings in the company. The disclosure provides comprehensive details about the transaction, regulatory compliance, and the reasons for the encumbrance release.

Promoter Shareholding Structure

The detailed disclosure reveals the promoter's complete shareholding structure and the impact of the encumbrance release. Raoof Razak Dhanani holds a total of 15,27,630 equity shares, representing 8.72% of the company's total share capital.

Regulatory Compliance Framework

The disclosure has been made under Regulation 31(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates specific reporting requirements for changes in promoter shareholding patterns and encumbrance status.

The promoter has submitted the required documentation in prescribed formats as Annexure-I and Annexure-II, ensuring complete compliance with SEBI requirements. The disclosure includes detailed information about the encumbrance type, which was classified as a pledge release following loan repayment.

Documentation and Transparency

The comprehensive filing includes specific details about the encumbrance arrangement and its release. The shares were originally pledged with State Bank of India Limited, and the release was processed on December 18, 2025, following the repayment of the associated loan obligation.

This encumbrance release represents a significant development in the promoter's shareholding structure, providing increased flexibility in share management while maintaining full regulatory compliance and transparency for all stakeholders.