Sayaji Hotels (Indore) Limited has received confirmation that Ujaas Energy Limited has filed a formal withdrawal application for the insolvency petition case under the Insolvency and Bankruptcy Code, 2016. The company informed BSE Limited on February 28, 2026, that the operational creditor submitted the withdrawal application on February 27, 2026, following the execution of a settlement deed between both parties.

Withdrawal Application Details

Ujaas Energy Limited filed the withdrawal application under Rule 8 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 read with Rule 11 of the NCLT Rules, 2016 before the Hon'ble National Company Law Tribunal, Indore Bench. This formal step follows the settlement agreement reached between the parties as communicated in the company's previous intimation dated February 27, 2026.

Case Timeline and Background

The original petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 was filed by Ujaas Energy Limited against Sayaji Hotels (Indore) Limited before the Hon'ble NCLT, Indore Bench. The company had initially informed the Bombay Stock Exchange about this petition on August 21, 2025, followed by the settlement agreement announcement on February 27, 2026.

Current Status and Next Steps

The order of the Hon'ble NCLT for withdrawal and dismissal of the petition is currently awaited. The company has committed to keeping the exchange informed regarding the outcome of the withdrawal application and any further material developments in this matter. This represents the final procedural step in resolving the insolvency proceedings following the mutually agreed settlement between both parties.

Corporate Compliance

The latest update was communicated to BSE Limited through a formal letter signed by CS Aaditya Kasera, Company Secretary & Compliance Officer, ensuring continued compliance with disclosure requirements. The withdrawal application filing marks significant progress toward the complete resolution of the insolvency petition case.

Sayaji hotels (indore) Limited has announced a board meeting to review its third quarter financial performance for FY26. The company issued a formal intimation to BSE Limited on January 29, 2026, regarding the scheduled board meeting.

Board Meeting Details

The board of directors will convene on February 5, 2026, at the company's registered office located at H-1 Scheme No. 54, Vijay Nagar, Indore, Madhya Pradesh. The meeting has been scheduled in accordance with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Agenda Items

The board meeting will focus on two primary matters:

• Consideration and approval of unaudited financial results for the third quarter ended December 31, 2025
• Discussion of other business matters

Trading Window Restrictions

In compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, the company has implemented trading restrictions for its securities. The trading window closure became effective from January 1, 2026, and will continue until 48 hours after the official declaration of the unaudited financial results.

The company had previously communicated the trading window closure to the Bombay Stock Exchange through a disclosure dated December 27, 2025, ensuring full regulatory compliance.

Company Information

Sayaji Hotels (Indore) Limited operates from its registered office in Vijay Nagar, Indore, with CIN L55209MP2018PLC076125. The company secretary and compliance officer, Aaditya Kasera, signed the board meeting intimation on January 29, 2026.