Sayaji Hotels (Indore) Ltd

Sayaji Hotels (Indore) Ltd announced the resignation of Mohammed Yusuf Abdul Razak Dhanani from his position as a Non-Executive Non-Independent Director. His resignation is effective from the closure of business hours on September 29, 2026. Mr. Dhanani, holding DIN: 10550544, tendered his resignation via a letter dated September 29, 2026, citing "other occupation" as the reason for his departure. The company has made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Sayaji Hotels (Indore) Ltd has announced the closure of its trading window for the quarter ended September 30, 2026. This closure, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, will commence on October 1, 2026, and will remain in effect until 48 hours after the declaration of the unaudited financial results for the said quarter. All designated employees and their immediate relatives are prohibited from trading in the company's securities during this period to prevent insider trading.

Sayaji Hotels (Indore) Ltd's Board of Directors convened on September 16, 2026, approving several key corporate actions. The board sanctioned the appointment of Mr. Prakhar Bhatore as Company Secretary and Compliance Officer. Additionally, they approved an enhancement in the company's borrowing limits and noted material related party transactions, which will be subject to shareholder approval. The board also approved the draft notice for a postal ballot, including the appointment of a scrutinizer and the cut-off date for e-voting.

Sayaji Hotels (Indore) Ltd has announced the appointment of CS Prakhar Bhatore as the new Company Secretary and Compliance Officer, effective October 1, 2026. This appointment follows the resignation of the previous officer, Mr. Aaditya Kasera. The decision was made during a Board of Directors meeting held on September 16, 2026. Mr. Bhatore is an Associate Member of the Institute of Company Secretaries of India (ICSI). The filing also references SEBI regulations regarding disclosures for such appointments.

Sayaji Hotels (Indore) Ltd has received an order from the District Excise Department, Indore, suspending its Hotel Bar (FL-3) Licence. This suspension is effective until the FSSAI suspension order is revoked or March 31, 2027, whichever comes first. This action follows an earlier order from the Food Safety and Standards Authority of India (FSSAI). However, the Hon'ble High Court of Madhya Pradesh, Indore Bench, has granted a stay on the FSSAI order. The company has informed the Excise Department about the High Court's stay. The exact financial impact is currently unascertainable, and further developments will be communicated.

Sayaji Hotels (Indore) Ltd has received a stay order from the Hon'ble High Court of Madhya Pradesh, Indore Bench, on the FSSAI's order dated August 21, 2026, which directed partial suspension of the FSSAI license for its Indore unit. The company had filed a Writ Petition on August 22, 2026, following an inspection by FSSAI on August 20, 2026. The High Court's order, also dated August 22, 2026, grants the stay. Currently, there are no material operational or financial implications arising from the FSSAI order. The company is monitoring the situation and has requested authorities to comply with the court's order.

Sayaji Hotels (Indore) Ltd has received an order from the Food Safety and Standards Authority of India (FSSAI) directing the partial suspension of its FSSAI license for the Indore hotel unit. The order, dated August 21, 2026, follows an inspection conducted on August 20, 2026, where certain observations were noted. The company is currently reviewing the order and taking appropriate legal steps. The financial and operational impact of this suspension is not yet ascertainable, and any material developments will be communicated to the stock exchange.

Sayaji Hotels (Indore) Ltd has announced the appointment of Mohammed Yusuf Abdul Razak Dhanani as a Non-Executive Non-Independent Director. The appointment was initially made by the Board of Directors on July 28, 2026, and subsequently approved by the company's members at the 8th Annual General Meeting held on August 21, 2026. Mr. Dhanani, aged 72, brings extensive industrial experience across various sectors including hospitality, real estate, and more. He is related to Mr. Raoof Razak Dhanani, the Managing Director of the company. This appointment is effective from July 28, 2026.

Sayaji Hotels (Indore) Ltd has announced the appointment of M/s. DMJ & Partners, Company Secretaries, as its Secretarial Auditor. This appointment was approved by the company's members at the 8th Annual General Meeting held on August 21, 2026. The term of appointment is for five consecutive years, commencing from the conclusion of the 8th AGM until the conclusion of the 13th AGM, in compliance with SEBI regulations. DMJ & Partners is a multidisciplinary firm specializing in corporate governance, secretarial audits, and regulatory advisory services, with partners possessing over 30 years of combined experience.

Century 21 Officespace Pvt Ltd, a promoter of Sayaji Hotels (Indore) Limited, has disclosed the sale of 17,498 equity shares, representing 0.57% of the total equity share capital. The transaction was conducted via the open market. Following the sale, Century 21 Officespace's holding in Sayaji Hotels has reduced from 30.07% to 29.50%. The total equity share capital of the company remains unchanged at Rs. 3,04,66,050.