Sayaji Hotels Limited has announced a significant leadership transition following the completion of an Independent Director's term and the appointment of a new Chairman, effective January 23, 2026. The changes were approved by the Board of Directors during their meeting held on January 13, 2026.

Leadership Transition Details

The company disclosed that Mr. Abhay Chintaman Chaudhari (DIN: 06726836) completed his second term as Non-Executive Independent Director and ceased to be an Independent Director and Chairman with effect from the close of business hours on January 22, 2026. His departure follows the completion of two consecutive terms in the independent director role.

New Chairman Appointment

Mr. Nimeshkumar Gandhi (DIN: 10516536), who was already serving as a Non-Executive Independent Director of the company, has been appointed as the new Chairman of both the Board and the Company. His appointment takes effect from January 23, 2026, ensuring continuity in leadership without any gap period.

Board Committee Reconstitution

Following the changes in board composition, Sayaji Hotels has approved the reconstitution of several board committees, all effective from January 23, 2026. The restructuring affects three key committees with new leadership arrangements.

Audit Committee

Stakeholders Relationship Committee

Nomination and Remuneration Committee

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided all required details as per the listing regulations and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. Company Secretary and Compliance Officer Puneet Karade signed the regulatory filing on January 13, 2026.

The leadership transition represents a planned change following the natural completion of the independent director's tenure, ensuring continued governance oversight and regulatory compliance for the hospitality company.

Sayaji Hotels Limited has announced a leadership transition following its board meeting held on January 13, 2026. The company has disclosed key changes in its board structure and committee composition that will take effect later this month.

Leadership Transition Details

The board meeting, which commenced at 12:03 PM and concluded at 12:30 PM IST, addressed several important governance matters. The primary focus was the upcoming completion of Mr. Abhay Chintaman Chaudhari's tenure as Non-Executive Independent Director and Chairman of the company.

Board Restructuring

The appointment of Mr. Nimeshkumar Gandhi represents a seamless transition in the company's leadership structure. Gandhi will serve as both Chairman of the Board and Chairman of the Company, maintaining the dual role previously held by his predecessor. The transition is scheduled to take effect immediately after Chaudhari's tenure concludes.

Committee Reconstitution

Alongside the chairman transition, Sayaji Hotels Limited has announced changes in the composition of its Board of Directors. The company will also reconstitute certain committees of the Board of Directors, with all changes taking effect from January 23, 2026. The specific details of the committee restructuring were not elaborated in the board meeting outcome.

Corporate Governance Compliance

The announcement was made in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) regulations, ensuring transparent communication with stakeholders. Company Secretary and Compliance Officer Puneet Karade signed the official communication, emphasizing the company's commitment to regulatory compliance and corporate governance standards.

The leadership transition reflects the company's ongoing commitment to maintaining strong governance practices while ensuring continuity in its strategic direction and operational oversight.