Sayaji Hotels Limited held its 43rd Annual General Meeting on Friday, 4th September, 2026 through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The meeting commenced at 11:41 AM IST and concluded at 12:15 PM IST, lasting 34 minutes.

The meeting was conducted from the Registered Office of the Company at 441, 942/1942, T.P. No. 66, Near Bhimnath Bridge, Sayajiganj, Vadodara, Gujarat – 390020.

Attendees

Directors Present:

  • Mr. Nimeshkumar Natwarlal Gandhi, Non-Executive Independent Director, and Chairman of Board, Audit Committee and Stakeholders Relationship Committee
  • Mr. Saquib Salim Agboatwala, Non-Executive Independent Director and Chairman of Nomination and Remuneration Committee
  • Mrs. Isha Garg, Non-Executive Independent Director and Chairman of Corporate Social Responsibility Committee
  • Mr. Raoof Razak Dhanani, Managing Director

Other Attendees:

  • Mr. Puneet Karade, Chief Financial Officer and Company Secretary & Compliance Officer
  • Mr. Ullasvardhan Vishwakarma, General Manager Finance
  • Mr. Neelesh Gupta, Scrutinizer and Secretarial Auditor (M/s Neelesh Gupta & Co.)
  • Mr. Nikhil Upadhyay, Statutory Auditor (M/s Manish Joshi and Associates)
  • Mr. Prakhar Bhatore and Ms. Simran Raykhere from Secretarial team

Business Transacted

Three ordinary resolutions were considered:

1. Adoption of Audited Financial Statements (Standalone) for FY ended 31st March, 2026 and reports of Board of Directors and Auditors

2. Adoption of Audited Financial Statements (Consolidated) for FY ended 31st March, 2026 and reports of Board of Directors and Auditors

3. Re-appointment of Mohammed Yusuf Abdul Razak Dhanani as Director who retires by rotation under Section 152(6) of Companies Act, 2013

Voting Process

Remote e-voting was available from Tuesday, 1st September, 2026 at 09:00 AM IST to Thursday, 3rd September, 2026 at 05:00 PM IST. E-voting facility remained open during the meeting and for 15 minutes after conclusion for members who hadn't voted previously.

Proceedings Details

Mr. Puneet Karade, Company Secretary & Compliance Officer, welcomed attendees and explained VC participation guidelines. Mr. Neelesh Gupta was appointed as Scrutinizer for remote e-voting and e-voting during AGM.

Mr. Nimeshkumar Natwarlal Gandhi, Chairman, delivered a speech covering:

  • Report of Board of Directors and Accounts for FY 2025-26 were taken as read (already circulated)
  • No qualifications in Audit Report, so not required to be read in meeting
  • Overview of operations and financial performance for FY 2025-26
  • Company's dynamic transformation and performance
  • Appreciation to shareholders, customers, employees, authorities, and stakeholders

Mr. Raoof Razak Dhanani, Managing Director, presented:

  • Overview of Company's performance and progress for FY 2025-26
  • Evolving hospitality landscape and Company's focus on innovation, service excellence and guest satisfaction
  • Expanding Sayaji Group hospitality platform and growing portfolio across India
  • The Forest Chapter (TFC) experiential and nature-centric hospitality brand
  • Sayaji Resorts & Spa, Udaipur focusing on leisure, destination weddings and curated guest experiences
  • Thanks to shareholders, employees, business associates and stakeholders

Additional Information

Proceedings are available on Company's website at www.sayajihotels.com.

Company CIN: L51100GJ1982PLC162541

Corporate office: H/1 Scheme No. 54, Vijay Nagar, Indore, Madhya Pradesh, India, 452010