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Latest news about Sayaji Hotels

Sayaji Hotels Re-appoints Mrs. Suchitra Dhanani as Whole-Time Director for Three-Year Term 1 day ago

Sayaji Hotels Limited has re-appointed Mrs. Suchitra Dhanani as Whole-Time Director for a three-year term from February 6, 2026, to February 5, 2029. She brings extensive experience in guest satisfaction management and training operations, holding qualifications in Home Science and Social Work. Mrs. Dhanani is related to the company's promoter family and meets all regulatory compliance requirements for the directorship position.

Sayaji Hotels Limited Enters 15-Year Lease Agreement for Hotel Management Operations 10 days ago

Sayaji Hotels Limited Announces Board Leadership Changes and Committee Reconstitution Jan 23, 2026

Sayaji Hotels Announces Leadership Transition with New Chairman Appointment Jan 13, 2026

Sayaji Hotels Limited Announces Chairman Transition and Board Committee Reconstitution Jan 13, 2026

More news about Sayaji Hotels

06Jan 26

Sayaji Hotels Limited Signs 15-Year Management Agreement for Somnath Property

Sayaji Hotels Limited has signed a 15-year hotel management agreement with Mahavan Resort LLP to operate a 4-star property in Somnath, Gujarat. The hotel will feature 50 rooms, banquet facilities, restaurants, gym, and spa under 'The Forest Chapter' brand. This strategic partnership expands Sayaji's management portfolio while maintaining brand standards across the hospitality segment.

24Dec 25

Sayaji Hotels Signs 15-Year Management Deal for Pune Property

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.

24Dec 25

Sayaji Hotels Promoter Zoya Dhanani Sells Entire 4.16% Stake Through Open Market

Zoya Dhanani, a promoter of Sayaji Hotels Limited, has sold her entire 4.16% stake (7,27,961 shares) in the company through open market transactions on December 22, 2025. The sale was disclosed on December 23, 2025, in compliance with SEBI regulations. This transaction marks a complete exit for Dhanani from the company's shareholding, reducing her stake from 4.16% to 0%. The company's total equity capital remains unchanged at ₹17.52 crores, consisting of 1,75,17,977 shares with a face value of ₹10 each.

23Dec 25

Sayaji Hotels Promoter Zuber Yusuf Dhanani Increases Stake to 4.83% Through Share Acquisition

Sayaji Hotels Limited disclosed that promoter Zuber Yusuf Dhanani significantly increased his stake through acquisition of 7,00,041 equity shares via inter-se transfer on December 22, 2025. His shareholding grew from 1,46,160 shares (0.83%) to 8,46,201 shares (4.83%), representing a 3.99% increase in ownership and voting rights.

23Dec 25

Sayaji Hotels Promoter Releases Encumbrance on 9.75 Lakh Equity Shares

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.

02Dec 25

Sayaji Hotels Expands Footprint with 15-Year Management Agreement in Pune

Sayaji Hotels Limited has entered into a 15-year management agreement with Ranjangaon Hotel LLP to operate a 4-star hotel in Pune under the 'EFFOTELBYSAYAJI' brand. The property will feature 50 rooms, a banquet hall, two restaurants, a gym, and spa facilities. This move aligns with Sayaji Hotels' expansion strategy and could strengthen its presence in the Pune market. The company's recent financial metrics show significant growth in total assets and fixed assets, indicating ongoing expansion efforts.

15Nov 25

Sayaji Hotels Expands Portfolio with 15-Year Management Deal for 5-Star Desert Resort in Pushkar

Sayaji Hotels Limited has signed a 15-year hotel management agreement with Siddhartha Desert Resort LLP to operate a 200-room, 5-star property in Pushkar, Rajasthan. The luxurious hotel, located in Kadel, Pushkar, will feature banquet halls, restaurants, a gym, and a swimming pool. This strategic move expands Sayaji's presence in Rajasthan's hospitality market and strengthens its position in the luxury hotel segment. The agreement includes options for 5-year renewals beyond the initial 15-year term.

14Nov 25

Sayaji Hotels Reports Quarterly Loss Despite Revenue Growth

Sayaji Hotels Limited reported a net loss of Rs 425.74 lakhs for Q2 ended September 30, compared to a profit of Rs 51.79 lakhs in the same quarter last year. Total income increased to Rs 3,247.12 lakhs from Rs 2,377.41 lakhs year-over-year. The company saw higher expenses, particularly in employee benefits and depreciation. On a consolidated basis, the net loss was Rs 984.99 lakhs with total revenue of Rs 3,201.12 lakhs. The Board approved changes to its Code of Conduct for insider trading regulations to align with SEBI guidelines.

04Nov 25

Sayaji Hotels CFO Sandesh Khandelwal to Step Down by January 2026

Sandesh Khandelwal, Chief Financial Officer of Sayaji Hotels Limited, has submitted his resignation citing personal reasons. The resignation will be effective from January 31, 2026, at the close of business hours. Sayaji Hotels has informed the Bombay Stock Exchange about this change in key managerial personnel, complying with SEBI regulations. The company has nearly three months to manage the transition and has not yet announced plans for Khandelwal's replacement.

28Oct 25

Sayaji Hotels Ventures into Branded Residences with ₹3.90 Crore Strategic Agreements

Sayaji Hotels Limited has approved agreements for a branded residential project in Nava Raipur Atal Nagar, Chattisgarh. The company will hold a 26% stake in SRSB Infrastructure Private Limited and has signed operational agreements for marketing, licensing, technical services, and management services. The project involves developing Sayaji-branded residences on an 18.64-acre plot. The agreements are expected to generate approximately ₹3.90 crore in fees over the initial term, with management agreements lasting 10 years and license and technical service agreements for 5 years.

11Oct 25

Sayaji Hotels to Transition from Operating Agreement to Management Contract for Vadodara Property

Sayaji Hotels Limited's operating agreement with Prinite Hospitality Private Limited for a hotel property in Vadodara, Gujarat, will expire on October 31, 2025. Prinite Hospitality has proposed transitioning to a Management Contract basis, where Sayaji Hotels would continue to operate the property for management fees. This change is expected to reduce Sayaji Hotels' annual revenue by approximately 24% and EBITDA by about 14%. The property will continue to operate under the 'SAYAJI' brand.

20Sept 25

Sayaji Hotels Reappoints Key Directors and Unveils Ambitious Expansion Plans

Sayaji Hotels Limited shareholders approved key reappointments and expansion plans at the 42nd AGM. Mrs. Isha Garg was reappointed as Non-Executive Woman Independent Director for five years, and Mrs. Suchitra Dhanani as Whole-Time Director for three years. The company plans to expand from 50 to 150 hotels across India in 5-6 years, strengthening its multi-brand strategy. Managing Director Raoof Razak Dhanani emphasized commitment to delivering consistent 'Yours Truly' hospitality. The AGM also approved the appointment of M/s NPG & Company as Secretarial Auditor and increased borrowing powers for FY 2025-26.

16Sept 25

Sayaji Hotels Appoints Puneet Karade as New Company Secretary and Compliance Officer

Sayaji Hotels Limited has appointed Mr. Puneet Karade as its new Company Secretary and Compliance Officer, effective September 16, 2025. Mr. Karade, an Associate Member of the Institute of Company Secretaries of India with over six years of experience, replaces Mr. Ankur Bindal, who resigned citing personal reasons. The company's Managing Director, Raoof Razak Dhanani, confirmed the appointment in a filing to the BSE Limited.

13Aug 25

Sayaji Hotels Re-appoints Directors and Announces New Company Secretary

Sayaji Hotels Limited has made significant leadership changes, including the re-appointment of Mrs. Isha Garg as Non-Executive Independent Woman Director and Mrs. Suchitra Dhanani as Whole-Time Director. CS Puneet Karade has been appointed as the new Company Secretary and Compliance Officer. The company reported a consolidated net loss of Rs. 513.10 lakhs for Q1 FY2024, compared to a profit in the same quarter last year. However, revenue from operations increased to Rs. 3,552.97 lakhs from Rs. 2,795.84 lakhs year-over-year.

13Aug 25

Sayaji Hotels Reports Q1 Loss, Appoints New Directors and Company Secretary

Sayaji Hotels Ltd reported a standalone net loss of Rs 28.84 lakhs for Q1 FY24, compared to a profit of Rs 268.18 lakhs in Q1 FY23. Revenue from operations increased by 27% to Rs 3,552.97 lakhs. Total expenses rose by 46.88%, outpacing revenue growth. The company made key appointments, including re-appointing Mrs. Isha Garg as Non-Executive Independent Woman Director and Mrs. Suchitra Dhanani as Whole-Time Director. Mr. Puneet Karade was appointed as the new Company Secretary and Compliance Officer.