Latest news about Sayaji Hotels (Indore)
Sayaji Hotels (Indore)
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More news about Sayaji Hotels (Indore)
30Jul 26
Sayaji Hotels profit falls 24.9% in FY26 as expansion costs rise
Sayaji Hotels (Indore) Limited posted a 24.9% year-on-year decline in net profit to ₹800.73 lakh for FY26, weighed down by rising employee costs, higher operating expenses, and a one-time settlement of solar power dues. Revenue grew marginally by 0.8% to ₹10,655.37 lakh. The company is pursuing aggressive expansion, evidenced by a 67% increase in total assets and significant capital work-in-progress. Shareholders will vote on a ₹250 crore borrowing limit at the upcoming AGM to finance these growth initiatives.
30Jul 26
Sayaji Hotels accepts resignation of Company Secretary Aaditya Kasera
Sayaji Hotels (Indore) Limited announced the acceptance of Aaditya Kasera's resignation as Company Secretary and Compliance Officer. Effective August 29, 2026, Kasera will leave the company to pursue other career opportunities. The disclosure was filed with the BSE under SEBI Regulation 30.
29Jul 26
Sayaji Hotels (Indore) publishes Q1FY27 standalone results
Sayaji Hotels (Indore) published its Q1FY27 standalone results, showing an 11.5% drop in net profit to ₹157.99 lakh despite an 11.6% rise in revenue. Rising employee costs drove margin compression. The results were approved by the Board on July 28, 2026, and filed with stock exchanges.
28Jul 26
Sayaji Hotels appoints Mohammed Yusuf Abdul Razak Dhanani as additional director
Sayaji Hotels (Indore) Ltd appointed Mohammed Yusuf Abdul Razak Dhanani as an Additional Non-Executive Non-Independent Director on July 28, 2026. The 72-year-old industrialist, related to Managing Director Raoof Razak Dhanani, holds office until the ensuing AGM. The move enhances board diversity with expertise in hospitality, realty, and consumer sectors.
28Jul 26
Sayaji Hotels appoints DMJ & Partners as secretarial auditor for five-year term
Sayaji Hotels (Indore) Ltd approved the appointment of M/s DMJ & Partners as Secretarial Auditor for five years, effective from the 8th AGM to the 13th AGM. The decision was made by the Board on July 28, 2026, following Audit Committee recommendations. The appointment requires final shareholder approval at the upcoming AGM. DMJ & Partners brings over 30 years of experience in corporate governance and regulatory compliance.
28Jul 26
Sayaji Hotels (Indore) Q1 Results: Net profit falls 11% YoY to ₹158 lakh
Sayaji Hotels (Indore) Ltd reported Q1FY26 net profit of ₹157.99 lakh, down 11.5% YoY, despite an 11.6% rise in revenue to ₹2,652.10 lakh. Higher employee and operating costs pressured margins. The Board appointed a new director and approved AGM details amid ongoing lease litigation.
01Jul 26
Promoter Kayum Razak Dhanani exits Sayaji Hotels stake
Promoter Kayum Razak Dhanani has exited Sayaji Hotels (Indore) Limited by selling his entire 1.41% stake, comprising 43,031 equity shares, on the open market on June 30, 2026. The transaction, disclosed under SEBI takeover regulations, reduces the promoter's holding to zero while the company's total equity share capital remains unchanged at Rs. 3,04,66,050.
25Jun 26
Sayaji Hotels (Indore) accepts director resignation effective June 25
Sayaji Hotels (Indore) Ltd accepted the resignation of Mrs. Suchitra Dhanani as Non-Executive Non-Independent Director effective June 25, 2026, due to other occupations. The disclosure was made to BSE under Regulation 30 of the SEBI Listing Regulations.
12Jun 26
Promoter Zoya Dhanani sells 4.16% stake in Sayaji Hotels
Promoter Ms. Zoya Dhanani sold her entire 4.16% stake in Sayaji Hotels (Indore) Limited, amounting to 1,26,601 shares, through an open market transaction on June 11, 2026. The disclosure was filed with the BSE on June 12, 2026, confirming the reduction of her holding to zero.
12Jun 26
Sayaji Hotels promoter Sanya Dhanani sells 0.77% stake
Promoter Sanya Dhanani sold 23,399 equity shares of Sayaji Hotels (Indore) Limited, representing 0.77% of the total equity share capital, on June 11, 2026. Following the open market transaction, her holding decreased from 4.16% to 3.39%. The company's equity share capital remains INR 3,04,66,050.
27May 26
Sayaji Hotels secretarial auditor resigns effective May 27
Sayaji Hotels (Indore) Limited announced the resignation of its Secretarial Auditor, Mr. Anuj Nema, effective May 27, 2026, due to other professional commitments. The company filed the intimation with BSE pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015. The resignation was submitted with immediate effect as Mr. Nema cited an inability to continue rendering services.
17May 26
Sayaji Hotels (Indore) Amends Code of Conduct Under SEBI Insider Trading Regulations
Sayaji Hotels (Indore) Limited filed an intimation with BSE Limited on May 17, 2026, regarding the amendment of its Code of Conduct to Regulate, Monitor and Report Trading by Insiders, as approved by its Board of Directors at a meeting held on May 16, 2026. The amendment is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the revised code is available on the company's official website. The intimation was submitted by Company Secretary and Compliance Officer Aditya Kasera, bearing Membership No. A76172.
17May 26
Sayaji Hotels Appoints Internal Auditors for FY26-27
Sayaji Hotels Limited announced the appointment of M/s Deloitte Touche Tohmatsu India LLP for the Indore unit and M/s Abhinav Khandelwal & Associates for the Corporate and Altara units as internal auditors for FY26-27. The Board approved these appointments on May 16, 2026.
01Apr 26
Sayaji Hotels Promoter Completes Share Sale for MPS Compliance
Sayaji Hotels promoter Mrs. Anisha Raoof Dhanani successfully completed the sale of 5,000 equity shares representing 0.16% stake on March 30, 2026 through open market transaction. The sale reduced her shareholding from 3,38,879 shares (11.12%) to 3,33,879 shares (10.96%) to achieve minimum public shareholding compliance following regulatory requirements.
01Apr 26
Sayaji Hotels Promoter Group Reduces Stake Through Open Market Sale
Sayaji Hotels received a regulatory disclosure from promoter group entity MP Entertainment and Developers Private Limited regarding the sale of 11,850 equity shares through open market transactions. The disposal reduced the entity's shareholding from 6.22% to 5.826%, with the transaction completed on March 30, 2026, and disclosed under SEBI regulations.
28Mar 26
Century 21 Officespace Releases Pledge on 1,78,000 Sayaji Hotels Shares Worth Rs. 20.45 Crore
Century 21 Officespace Private Limited has officially released its pledge on 1,78,000 equity shares of Sayaji Hotels (Indore) Limited, valued at Rs. 20.45 crore at Rs. 1,149 per share. The pledge release, executed on March 23, 2026, follows the complete repayment of a Rs. 1 crore loan to A R Hospitality Limited. The regulatory filing under SEBI Takeover Regulations confirms that the released shares represented 5.842% of total share capital and 19.25% of Century 21's promoter holding of 9,24,433 shares (30.34% stake).
17Mar 26
Sayaji Hotels (Indore) Limited Receives ₹32.69 Lakh Penalty Order from Indore Municipal Corporation
Sayaji Hotels (Indore) Limited received a penalty order of ₹32,69,780 from the Commissioner, Indore Municipal Corporation on March 16, 2026, for property tax assessment violations under the Madhya Pradesh Municipal Corporation Act, 1956. The company has announced plans to take legal action against the order and will keep BSE Limited informed of further developments as required under SEBI Listing Regulations.
14Mar 26
Sayaji Hotels (Indore) Limited NCLT Insolvency Petition Disposed Following Settlement with Ujaas Energy
Sayaji Hotels (Indore) Limited has successfully resolved its insolvency case with the NCLT Indore Bench disposing of the petition filed by Ujaas Energy Limited under Section 9 of IBC on March 11, 2026. The resolution came following an amicable settlement between both parties, with Ujaas Energy filing for withdrawal on February 27, 2026. The company maintained regulatory compliance by promptly informing BSE about the conclusion of proceedings on March 14, 2026.
28Feb 26
Sayaji Hotels: Ujaas Energy Files Withdrawal Application in NCLT Insolvency Case
Sayaji Hotels (Indore) Limited announced that operational creditor Ujaas Energy Limited has filed a formal withdrawal application for the insolvency petition under Rule 8 of IBC Rules, 2016 before NCLT Indore Bench on February 27, 2026. This follows the execution of a settlement deed between both parties, with the company awaiting the tribunal's order for withdrawal and dismissal of the petition.
29Jan 26
Sayaji Hotels (Indore) Limited Schedules Board Meeting for February 5, 2026 to Consider Q3FY26 Financial Results
Sayaji Hotels (Indore) Limited has scheduled a board meeting for February 5, 2026, to consider and approve Q3FY26 unaudited financial results for the quarter ended December 31, 2025. The meeting will be held at the company's registered office in Indore. A trading window closure is in effect from January 1, 2026, until 48 hours after the results declaration, in compliance with SEBI insider trading regulations.
08Nov 25
Century21 Officespace Discloses Share Pledge in Sayaji Hotels Following Promoter Reclassification
Century21 Officespace Private Limited has pledged 178,000 shares (5.84%) of Sayaji Hotels (Indore) Limited to AR Hospitality Limited for a Rs. 1.00 crore short-term financial requirement. This pledge, made on August 1, 2024, represents 19.25% of Century21's total 30.34% stake in Sayaji Hotels. The disclosure follows Century21's reclassification from public to promoter status after an open offer completion, adhering to SEBI regulations.
04Nov 25
Century21 Officespace Pledges Shares in Sayaji Hotels Following Promoter Status Change
Century21 Officespace Private Limited, recently reclassified as a promoter of Sayaji Hotels (Indore) Limited, has pledged 178,000 shares to AR Hospitality Limited. The pledge, valued at Rs. 20.45 crore, represents 19.25% of Century21's total shareholding and 5.84% of Sayaji Hotels' total share capital. The borrowed amount is Rs. 1.00 crore, aimed at meeting short-term financial needs. Century21 currently holds 924,433 shares, equating to 30.34% of Sayaji Hotels' total share capital.
27Oct 25
Century 21 Officespace Pledges 1.78 Lakh Shares in Sayaji Hotels (Indore)
Century 21 Officespace Private Limited, recently reclassified as a promoter of Sayaji Hotels (Indore) Limited, has pledged 1,78,000 equity shares, representing 5.84% of its total promoter holding. The pledge, disclosed to the Bombay Stock Exchange, was made to fulfill short-term financial requirements. After this transaction, Century 21 Officespace's total promoter holding stands at 924,433 shares, or 30.34% of the total share capital, with 178,000 shares now encumbered.
25Oct 25
Century 21 Officespace Discloses 5.84% Share Pledge in Sayaji Hotels (Indore)
Century 21 Officespace Private Limited, recently reclassified as a promoter of Sayaji Hotels (Indore) Limited, has pledged 1,78,000 shares, representing a 5.842% stake in the company. The pledge was created on August 1, 2024, for short-term financial requirements. This disclosure, made to the BSE on October 25, 2025, follows Century 21 Officespace's transition from 'Public' to 'Promoter' category after an open offer. The total promoter holding in Sayaji Hotels (Indore) stands at 9,24,433 shares, or 30.34% of the total share capital.
18Oct 25
Sayaji Hotels (Indore) Approves Major Governance Changes and New Board Appointments
Sayaji Hotels (Indore) Limited has made significant changes to its corporate structure and governance. Shareholders approved amendments to the Articles of Association, establishing a new framework for board composition, share transfers, and decision-making processes. The company appointed two new non-executive directors from the promoter group: Mr. Karan Singh Chhabra and Mrs. Riya Chhabra, both with extensive experience in real estate and hospitality. The changes received strong shareholder support, with unanimous approval for the amendments and new appointments.
17Oct 25
Sayaji Hotels (Indore) Limited Appoints Two Non-Executive Directors Following Shareholder Approval
Sayaji Hotels (Indore) Limited has appointed Mr. Karan Singh Chhabra and Mrs. Riya Chhabra as Non-Executive Non-Independent Directors, effective October 16, 2025. The appointments, initially made on September 1, 2025, were approved by shareholders through a postal ballot. Mr. Chhabra brings over 10 years of experience in real estate and mall management, while Mrs. Chhabra has over 12 years of experience in real estate operations and commercial property management. Both directors received unanimous approval from voting shareholders, with 265,583 votes in favor and none against. The appointments aim to strengthen the board with expertise in real estate and hospitality sectors.
26Sept 25
Century 21 Officespace Completes Open Offer for 26% Stake in Sayaji Hotels (Indore) at Rs. 1,250 Per Share
Sayaji Hotels (Indore) Limited and PACs have completed an open offer to acquire 26% stake (7,92,118 equity shares) at Rs. 1,250.00 per share. The acquirer and PACs will be reclassified from 'Public' to 'Promoter and Promoter Group' category. The new promoter group includes Century 21 Officespace Private Limited, Century 21 Town Planners Private Limited, Mr. Gurjeet Singh Chhabra, and five other entities/individuals. Administrative changes are being implemented to reflect the new ownership structure.
15Sept 25
Sayaji Hotels Initiates Postal Ballot for Articles Amendment and Director Appointments
Sayaji Hotels (Indore) Limited has initiated a postal ballot for shareholders to vote on three resolutions from September 16 to October 16, 2025. The resolutions include amendments to the Articles of Association to align with a new shareholders' agreement, and the appointment of Mr. Karan Singh Chhabra and Mrs. Riya Chhabra as Non-Executive Non-Independent Directors. The proposed changes aim to establish equal board representation for existing and incoming promoters, with each group entitled to nominate two directors. The amendments also introduce new share transfer restrictions and rights.
12Aug 25
Sayaji Hotels (Indore) Limited Appoints Aaditya Kasera as New Company Secretary and Compliance Officer
Sayaji Hotels (Indore) Limited's Board of Directors has appointed Mr. Aaditya Kasera as the new Company Secretary and Compliance Officer, effective immediately. Kasera, an Associate Member of ICSI with membership number A76172, replaces Mr. Arpit Agrawal who resigned on June 20, 2025. The Board also approved the unaudited financial results for Q2 2025, set the date for the 7th Annual General Meeting, and approved the Annual Report for FY 2025. The company reported a total income of ₹2,401.85 lakh and a net profit of ₹178.56 lakh for the quarter ended June 30, 2025.
24Jul 25
Century 21 Officespace Launches Open Offer for 26% Stake in Sayaji Hotels at Rs 1,250 Per Share
Century 21 Officespace Private Limited and its PACs have announced an open offer to acquire up to 26% of Sayaji Hotels (Indore) Limited's voting share capital. The offer price is Rs 1,250.00 per equity share, payable in cash. The tendering period is from July 25 to August 07, 2025. The Committee of Independent Directors has recommended the offer, deeming the price fair and reasonable. Systematix Corporate Services Limited is managing the offer, with MUFG Intime India Private Limited as the registrar. Shareholders can participate through their selling brokers using BSE's acquisition window.
24Jul 25
Century 21 Officespace Launches Open Offer for 26% Stake in Sayaji Hotels at Rs 1,250 Per Share
Century 21 Officespace Private Limited and PACs announced an open offer to acquire up to 7,92,118 equity shares (26%) of Sayaji Hotels at Rs 1,250 per share. The tendering period is from July 25 to August 07, 2025. The Independent Directors Committee has deemed the offer fair and reasonable. Systematix Corporate Services Limited is managing the offer, with MUFG Intime India Private Limited as the registrar. Shareholders can participate through the BSE's Acquisition Window for dematerialized shares or submit applications for physical shares by August 11, 2025. Sayaji Hotels recently relocated its registered office to Indore.
22Jul 25
Sayaji Hotels Independent Directors Recommend Century 21's Open Offer at Rs 1,250 Per Share
The Independent Directors Committee of Sayaji Hotels (Indore) Limited has recommended shareholders accept the open offer from Century 21 Officespace Private Limited and associated entities. The offer aims to acquire up to 26% of the company's equity shares at Rs 1,250.00 per share. The committee deemed the offer price fair and reasonable, noting it exceeds various valuation parameters including the 52-week volume-weighted average price and the highest acquisition price in the past 26 weeks.
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