Sayaji Hotels Promoter Releases Encumbrance on 9.75 Lakh Equity Shares

1 min read Updated on 29 Dec 2025, 03:02 PM

Reviewed by

Riya DScanX News Team

Overview

Sayaji Hotels Limited received a regulatory disclosure from promoter Raoof Razak Dhanani regarding the release of encumbrance on 9.75 lakh equity shares previously pledged with State Bank of India. The release, processed on December 18, 2025, followed loan repayment and reduces the promoter's encumbered shareholding from 12.75 lakh to 3 lakh shares, while maintaining total holding of 15.27 lakh shares representing 8.72% of company's share capital.

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Sayaji Hotels Limited has received a disclosure from its promoter regarding the release of share encumbrance under regulatory requirements. The announcement, filed on December 22, 2025, provides information about changes in promoter shareholding status and compliance with SEBI regulations.

Share Encumbrance Release Details

Promoter Raoof Razak Dhanani has declared the release of encumbrance on a significant portion of his equity holdings in the company. The disclosure provides comprehensive details about the transaction, regulatory compliance, and the reasons for the encumbrance release.

Parameter:	Details
Shares Released:	9,75,000 equity shares
Previous Encumbrance:	State Bank of India Limited
Promoter Name:	Raoof Razak Dhanani
Filing Date:	December 22, 2025
Release Date:	December 18, 2025
Reason for Release:	Repayment of Loan
Regulatory Framework:	SEBI Regulation 31(2)

Promoter Shareholding Structure

The detailed disclosure reveals the promoter's complete shareholding structure and the impact of the encumbrance release. Raoof Razak Dhanani holds a total of 15,27,630 equity shares, representing 8.72% of the company's total share capital.

Shareholding Details:	Numbers	Percentage
Total Promoter Holding:	15,27,630 shares	8.72%
Previously Encumbered:	12,75,000 shares	7.27%
Shares Released:	9,75,000 shares	5.56%
Remaining Encumbered:	3,00,000 shares	1.71%

Regulatory Compliance Framework

The disclosure has been made under Regulation 31(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates specific reporting requirements for changes in promoter shareholding patterns and encumbrance status.

The promoter has submitted the required documentation in prescribed formats as Annexure-I and Annexure-II, ensuring complete compliance with SEBI requirements. The disclosure includes detailed information about the encumbrance type, which was classified as a pledge release following loan repayment.

Documentation and Transparency

The comprehensive filing includes specific details about the encumbrance arrangement and its release. The shares were originally pledged with State Bank of India Limited, and the release was processed on December 18, 2025, following the repayment of the associated loan obligation.

This encumbrance release represents a significant development in the promoter's shareholding structure, providing increased flexibility in share management while maintaining full regulatory compliance and transparency for all stakeholders.

Historical Stock Returns for Sayaji Hotels

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Sayaji Hotels Signs 15-Year Management Deal for Pune Property

2 min read Updated on 24 Dec 2025, 03:37 PM

Reviewed by

Naman SScanX News Team

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Overview

Sayaji Hotels Limited has entered into a 15-year hotel management agreement with Siddhi Garima Reality Private Limited to operate a 4-star property in Pune under the EFFOTELBYSAYAJI brand. The 110-room hotel will include a banquet hall, restaurant, board room, gym, and spa. Located in Chakan, the agreement allows for 5-year renewal periods and is not a related party transaction.

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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.

Parameter	Details
Agreement Duration	15 years from commercial commencement
Renewal Terms	5-year periods on mutually agreed terms
Property Owner	Siddhi Garima Reality Private Limited
Brand Name	EFFOTELBYSAYAJI
Related Party Transaction	No

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.

Facility Component	Details
Hotel Rooms	110 rooms
Banquet Hall	1 facility
Restaurant	1 facility
Board Room	1 facility
Additional Amenities	Gym, SPA
Star Rating	4-star

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.

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