Sayaji Hotels Limited , a prominent player in the hospitality sector, has announced a significant change in its top management. The company's Chief Financial Officer (CFO), Sandesh Khandelwal, has submitted his resignation, citing personal reasons.

Key Details of the Resignation

Compliance and Disclosure

In adherence to the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, Sayaji Hotels has promptly informed the Bombay Stock Exchange (BSE) about this change in key managerial personnel. The company has provided the necessary details as mandated by SEBI regulations, including:

• The specific reason for the change
• The effective date of cessation
• A confirmation from Mr. Khandelwal that there are no material reasons for his resignation other than those stated in his resignation letter

Impact and Transition

While the departure of a CFO can be significant for any organization, Sayaji Hotels has nearly three months to manage the transition. This period allows the company to potentially identify and onboard a successor, ensuring a smooth handover of responsibilities.

The company has not yet announced any plans regarding Khandelwal's replacement. Stakeholders and investors will likely be watching closely for updates on the succession plan for this crucial position.

Looking Ahead

As Sayaji Hotels navigates this transition in its financial leadership, the focus will be on maintaining operational and financial stability. The company's ability to seamlessly manage this change will be crucial for maintaining investor confidence and ensuring continued growth in the competitive hospitality sector.

Investors and industry observers will be keenly awaiting further announcements from Sayaji Hotels regarding the appointment of a new CFO and any potential impacts on the company's financial strategy going forward.

Sayaji Hotels Limited , a prominent player in the Indian hospitality sector, has made a strategic move into the branded residential real estate market. The company's Board of Directors has approved multiple agreements for a new project in Nava Raipur Atal Nagar, Chattisgarh, marking a significant expansion of its brand portfolio.

Key Agreements and Partnerships

Sayaji Hotels has executed a Shareholders' Agreement with SRSB Infrastructure Private Limited, Zodiac Dealers Pvt. Limited, Shri Balaji Industrial Engineering Limited, and SMS Limited. Under this agreement, Sayaji will hold a 26% stake in SRSB Infrastructure, positioning itself as a key player in the new venture.

Additionally, three operational agreements have been signed with SRSB Infrastructure, covering:

1. Marketing and Licensing
2. Technical Services
3. Management Services

These agreements are aimed at developing Sayaji-branded residences on an approximately 18.64-acre plot in Nava Raipur Atal Nagar.

Financial Implications

The strategic move is expected to generate significant revenue for Sayaji Hotels:

The aggregate fees from these agreements are projected to be approximately ₹3.90 crore over the initial term, providing Sayaji Hotels with a new, long-term revenue stream.

Project Details

The project involves the development of Sayaji-branded residences, leveraging the company's hospitality expertise in the residential real estate sector. Sayaji Hotels will provide comprehensive support, including:

• Brand licensing
• Marketing assistance
• Technical expertise
• Operational management

This move aligns with the terms and conditions outlined in the Request for Proposal (RFP) and Notice of Award issued by the Nava Raipur Atal Nagar Vikas Pradhikaran (NRANVP) on August 4, 2025, in connection with Tender No. 163216.

Strategic Implications

This venture into branded residences represents a significant step for Sayaji Hotels, offering several potential benefits:

1. Expansion of the Sayaji brand beyond traditional hospitality
2. Enhanced brand visibility in the residential real estate sector
3. Creation of a sustainable, long-term revenue stream
4. Establishment of a strategic collaboration for integrated real estate and hospitality development

As the hospitality industry continues to evolve, Sayaji Hotels' move into branded residences demonstrates its adaptability and forward-thinking approach to growth and diversification.

Investors and market watchers will likely keep a close eye on how this new venture unfolds and its impact on Sayaji Hotels' overall business strategy and financial performance in the coming years.