Sayaji Hotels Limited has announced key leadership changes in its board of directors, marking a significant transition in the company's governance structure. The changes, which came into effect on January 23, 2026, were communicated to BSE Limited under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Leadership Transition Details

The primary change involves the completion of Mr. Abhay Chintaman Chaudhari's tenure as Non-Executive Independent Director and Chairman. Mr. Chaudhari, who holds DIN 06726836, concluded his second consecutive term as Independent Director and stepped down from his position as Chairman with effect from the close of business hours on January 22, 2026.

New Chairman Appointment

Following Mr. Chaudhari's departure, Mr. Nimeshkumar Gandhi has been appointed as the new Chairman of the Board and the Company. Mr. Gandhi, who holds DIN 10516536 and was already serving as a Non-Executive Independent Director, assumed his new role effective January 23, 2026.

Board Committee Reconstitution

Consequent to the changes in board composition, Sayaji Hotels has approved the reconstitution of several board committees with effect from January 23, 2026. The revised committee structures reflect the new leadership hierarchy and ensure continued governance oversight.

Audit Committee Composition

Stakeholders Relationship Committee

The Stakeholders Relationship Committee maintains the same composition as the Audit Committee, with Mr. Nimeshkumar Gandhi serving as Chairman and the same three members: Mrs. Suchitra Dhanani, Mr. Saquib Salim Agboatwala, and Mrs. Isha Garg.

Nomination and Remuneration Committee

Regulatory Compliance

The company has fulfilled all regulatory requirements under SEBI regulations, providing detailed annexures with the necessary information about the directorial changes and committee reconstitution. The notification was signed by Puneet Karade, Company Secretary and Compliance Officer, ensuring proper documentation and compliance with listing obligations.

These changes represent a planned transition in line with corporate governance norms, particularly regarding the tenure limits for independent directors. The reconstituted committees are designed to maintain effective oversight and governance as the company continues its operations in the hospitality sector.

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.