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.

Sayaji Hotels Limited has witnessed a significant shareholding change as promoter Zoya Dhanani completely exited her position in the hospitality company. The transaction, disclosed under SEBI's substantial acquisition regulations, marks a complete divestment by the promoter group member.

Transaction Details

The disclosure filed on December 23, 2025, reveals that Dhanani sold her entire shareholding through open market transactions on December 22, 2025. The transaction involved the complete disposal of her stake in the company.

Shareholding Pattern Change

The transaction resulted in a complete change in Dhanani's shareholding position in the company. Prior to this sale, she held a significant stake as a promoter group member.

Company Capital Structure

The company's equity share capital structure remained unchanged following this transaction. Sayaji Hotels Limited maintains its existing capital base with no impact on the overall share capital.

Regulatory Compliance

The disclosure was made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates disclosure of substantial acquisitions or disposals of shares by promoters and other significant shareholders. The filing ensures transparency in shareholding changes for listed companies and keeps investors informed about material changes in ownership structure.