Sayaji Hotels Limited has issued a postal ballot notice dated February 26, 2026, under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice seeks shareholder approval for the appointment of Mr. Kayum Razak Dhanani as a Non-Executive Non-Independent Director through remote e-voting.

Postal Ballot Timeline and Process

The company has established a comprehensive timeline for the postal ballot process, with all communications being conducted electronically in compliance with Ministry of Corporate Affairs General Circulars.

The e-voting facility is available at www.evotingindia.com , provided by Central Depository Services (India) Limited (CDSL). Members whose names appear in the Register of Members or List of Beneficial Owners as of the cut-off date are eligible to participate in the voting process.

Director Appointment Details

The postal ballot seeks approval for appointing Mr. Kayum Razak Dhanani (DIN: 00987597) as a Non-Executive Non-Independent Director. The Board of Directors appointed him as an Additional Director on February 10, 2026, subject to shareholder approval through this postal ballot.

Professional Background and Experience

Mr. Dhanani brings substantial industry experience to the board, with over 20 years in leather goods manufacturing, processing, and marketing. He holds a Diploma in Sole-Making from the Central Leather Research Institute, Chennai.

His professional associations include:

• Sara Suole Private Limited (since 2005): Manufacturing and processing of leather soles and footwear components for domestic and international markets
• United Foodbrands Limited (since 2012): Food processing sector operations, focusing on manufacture and marketing of packaged food products

Shareholding and Directorships

Mr. Dhanani holds significant shareholdings across multiple group companies and serves on various boards:

He currently serves as a director in multiple companies including Blue Planet Foods Private Limited, Sara Suole Private Limited, Ruosh Retail Private Limited, and United Foodbrands Limited, among others.

Scrutinizer and Voting Process

The company has appointed Mr. Neelesh Gupta, Practicing Company Secretary (Membership No. FCS: 6381 and CP: 6846), as the scrutinizer for conducting the postal ballot process. The scrutinizer will submit his report within 2 days from the last day of voting, and results will be announced on the company's website and communicated to BSE Limited.

Shareholders can access the complete postal ballot notice and explanatory statement on the company's website at www.sayajihotels.com . The resolution, if approved by the requisite majority, will be deemed passed on April 6, 2026, the last date of e-voting.

Sayaji Hotels Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, demonstrating steady revenue growth despite profitability challenges. The hospitality company's Board of Directors approved the results at their meeting held on February 10, 2026, along with key corporate governance decisions including a significant board appointment.

Financial Performance Overview

The company's standalone financial results showed mixed performance across different metrics. Revenue from operations grew by 3.29% year-on-year, while profitability faced some pressure compared to the previous year's corresponding quarter.

Nine-Month Performance Analysis

The nine-month period ending December 31, 2025, presented a contrasting picture with stronger revenue growth but significantly lower profitability. The company's revenue from operations increased substantially by 12.69% to ₹11,113.71 lakhs compared to ₹9,862.36 lakhs in the corresponding period last year.

Board Appointment and Corporate Governance

Pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, the Board of Directors approved the appointment of Mr. Kayum Razak Dhanani as Additional Non-Executive Non-Independent Director with effect from February 10, 2026. The appointment was made on the recommendation of the Nomination & Remuneration Committee.

Director Profile and Relationships

Mr. Kayum Razak Dhanani holds a diploma in sole-making from the Central Leather Research Institute, Chennai, and has been associated with Sara Suole Private Limited since 2005. The company is involved in manufacturing, processing and selling leather goods, including soles, shoes and other leather accessories. He is related to existing board members including Mr. Raoof Razak Dhanani (Managing Director), Mr. Mohammad Yusuf Abdul Razak Dhanani (Non-Executive Non-Independent Director), and Mrs. Suchitra Dhanani (Whole-Time Director).

Expense Structure and Operational Metrics

The company's expense analysis revealed significant changes in various cost components. Employee benefits expenses increased notably to ₹999.25 lakhs in Q3FY26 from ₹863.81 lakhs in Q3FY25. Depreciation and amortization expenses also rose substantially to ₹611.37 lakhs compared to ₹380.75 lakhs in the previous year's quarter.

Consolidated Results Performance

The consolidated financial results included the performance of subsidiary Sayaji Housekeeping Services Limited and associates Barbeque Nation Hospitality Limited and SRSB Infrastructure Private Limited. The consolidated net profit for Q3FY26 stood at ₹260.67 lakhs compared to ₹638.11 lakhs in Q3FY25. The share of loss from associates significantly impacted consolidated performance, with a loss of ₹210.61 lakhs in Q3FY26 compared to a profit of ₹134.39 lakhs in the corresponding quarter last year.