Sayaji Hotels Limited , a prominent player in the Indian hospitality sector, has made significant moves to strengthen its leadership and set the stage for ambitious growth. The company's shareholders have approved key reappointments and expansion plans during the 42nd Annual General Meeting (AGM) held on September 19, 2025.

Leadership Continuity

The AGM saw the reappointment of two crucial directors:

1. Mrs. Isha Garg has been reappointed as a Non-Executive Woman Independent Director for her second five-year tenure, effective from August 27, 2025, to August 26, 2030. Mrs. Garg, a Fellow Member of the Institute of Company Secretaries of India with an MBA, brings extensive experience in corporate and secretarial matters to the board.

2. Mrs. Suchitra Dhanani has been reappointed as a Whole-Time Director for a three-year term, from February 6, 2026, to February 5, 2029. With a background in Home Science and Social Work, Mrs. Dhanani has been instrumental in managing the Guest Satisfaction Index and overseeing the company's Training Department.

Family Ties and Expertise

Mrs. Suchitra Dhanani has familial connections within the company's leadership. She is the sister-in-law to both Mr. Raoof Dhanani, the Managing Director, and Mr. Yusuf Razak Dhanani, a Director of the company. This family involvement underscores the close-knit nature of Sayaji Hotels' top management.

Ambitious Expansion Plans

During the AGM, Mr. Raoof Razak Dhanani, Managing Director of Sayaji Hotels, unveiled the company's aggressive growth strategy. Key highlights include:

• Plans to expand from the current 50 hotels to 150 hotels across India within the next 5-6 years.
• Strengthening of the multi-brand strategy, which includes:
  • Sayaji
  • Effotel
  • Enrise
  • Resorts & Spa
  • The Forest Chapter
  • A new ultra-luxury brand, Altara

Focus on Quality and Trust

Mr. Dhanani emphasized the company's commitment to delivering consistent "Yours Truly" hospitality. The goal is to build Sayaji Hotels into a modern, ambitious, and trusted hospitality group, leveraging its 43-year journey in the industry.

Corporate Governance

In addition to the director reappointments, the AGM also approved the appointment of M/s NPG & Company as the Secretarial Auditor for a five-year term. This move aims to ensure continued compliance with regulatory requirements and maintain high standards of corporate governance.

Financial Decisions

The shareholders also approved measures to increase the company's borrowing powers for the financial year 2025-26, indicating potential plans for funding the ambitious expansion strategy.

As Sayaji Hotels Limited embarks on this significant growth phase, the reappointment of experienced directors and the unveiling of expansive plans signal a new chapter in the company's journey. With a focus on multi-brand development and a commitment to quality hospitality, Sayaji Hotels appears poised for substantial growth in the coming years.

Sayaji Hotels Limited , a prominent player in the hospitality sector, has announced a significant change in its key management personnel. The company has appointed Mr. Puneet Karade as its new Company Secretary and Compliance Officer, effective September 16, 2025.

New Appointment Details

Mr. Karade brings a wealth of experience to his new role at Sayaji Hotels. An Associate Member of the Institute of Company Secretaries of India (ICSI) with membership number A67853, he has over six years of experience in the field. Mr. Karade's educational background includes a Bachelor of Commerce degree, complementing his professional qualifications.

Transition in Leadership

The appointment of Mr. Karade follows the resignation of the previous Company Secretary and Compliance Officer, Mr. Ankur Bindal. Mr. Bindal tendered his resignation on July 14, 2025, citing personal reasons. His tenure concluded at the close of business hours on September 15, 2025, paving the way for a smooth transition to Mr. Karade's leadership.

Corporate Governance Implications

This change in the key managerial position is significant for Sayaji Hotels Limited, as the role of Company Secretary and Compliance Officer is crucial for maintaining corporate governance standards and ensuring regulatory compliance. Mr. Karade's appointment underscores the company's commitment to upholding these standards.

Company's Statement

In a filing to the BSE Limited, Sayaji Hotels' Managing Director, Raoof Razak Dhanani, confirmed the appointment, stating, "We hereby inform you that the appointment of Mr. Puneet Karade (Membership No.: A67853) as the Company Secretary and Compliance Officer of the Company has become effective from 16th September, 2025."

The company expressed confidence in Mr. Karade's abilities to fulfill his new responsibilities effectively, given his professional background and experience in the field of company secretarial practices.

As Sayaji Hotels Limited continues to navigate the dynamic hospitality industry, this change in its compliance leadership is expected to contribute to the company's ongoing efforts to maintain transparency and adhere to regulatory requirements in its operations.