Nature of the Event

This is a regulatory disclosure filed by Sayaji Hotels Limited under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation 2015, intimating the appointment and resignation of directors.

Key Developments

  • The Board of Directors meeting was held on November 3, 2026.
  • Appointed Mr. Seshukumar Venkata Satya Chilukuri (DIN: 07171754) as an Additional Non-Executive Non-Independent Director for a period of 2 years with effect from November 3, 2026, subject to approval by members within 3 months from the date of appointment.
  • Appointed Mr. Sandesh Khandelwal (DIN: 03019887) as an Additional Non-Executive Non-Independent Director with effect from November 3, 2026, subject to approval by members within 3 months from the date of appointment.
  • Accepted the resignation of Mr. Kayum Razak Dhanani (DIN: 00987597) from the position of Non-Executive Non-Independent Director, effective from the closure of business hours on November 3, 2026, due to other occupations as per his resignation letter dated November 3, 2026.

Profiles of Appointed Directors

  • Mr. Seshukumar Venkata Satya Chilukuri holds a Post Graduate qualification in MBA (Finance) from ICFAI University and a Post Graduate qualification in Investment Banking from IIM Indore. He is CA Intermediate qualified from the Institute of Chartered Accountants of India (ICAI) and has over 30 years of experience in finance and accounts across industries including manufacturing, telecommunications, services, and retail.
  • Mr. Sandesh Khandelwal is a Chartered Accountant with over 30 years of experience in accounts and taxation across various industries and has been associated with the company since 2004.

Relationships and Compliance Disclosures

  • Mr. Seshukumar Venkata Satya Chilukuri is not related to any director of the company.
  • Mr. Sandesh Khandelwal is not related to any director of the company.
  • Neither Mr. Chilukuri nor Mr. Khandelwal is debarred from holding the office of director by any Securities and Exchange Board of India order or any other authority.

Financial and Operational Impact

Financial impact not quantified in the disclosure. No specific capital structure or cash flow implications are mentioned.

Effective Dates and Conditions

  • All appointments and resignation are effective November 3, 2026.
  • The appointments of Mr. Chilukuri and Mr. Khandelwal are subject to shareholder approval within 3 months from the date of appointment.