Sayaji Hotel(Indore)

Sayaji Hotels received an order from the Office of the Collector (Excise), District Indore, suspending the Hotel Bar (FL-3) licence at the concerned hotel unit until revocation of the FSSAI suspension order or 31 March 2027, whichever was earlier. The order followed FSSAI action dated 21 August, while the Madhya Pradesh High Court’s Indore Bench had stayed that action on 22 August. Sayaji apprised the Excise Department of the court order and said the exact financial impact was not ascertainable with certainty. Hoteliering was Sayaji’s sole operating segment, generating total income of ₹107.3 crore in FY26.

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Sayaji Hotels obtained a stay from the Madhya Pradesh High Court’s Indore Bench against an order partially suspending the FSSAI licence of its Indore hotel. The court passed the order on 22 August after the company filed a writ petition, following an inspection on 20 August and the licence-suspension order of 21 August. The Indore hotel was the company’s core operating property, and hoteliering generated ₹106.6 crore, or virtually all of its FY26 operating revenue. FY26 total income was ₹107.3 crore, while borrowings stood at about ₹108.7 crore and Amber Hotel and Convention Centre project work in progress at ₹111.7 crore. The company said there were no material operational or financial implications at present.

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FSSAI ordered a partial suspension of the food-safety licence at Sayaji Hotels (Indore)'s Sayaji Hotel-Indore unit on 21 August 2026. The order followed an inspection by the food-safety authority at the hotel on 20 August, during which certain observations were recorded. The company said it was reviewing the order and taking steps under applicable law, with the financial and operational impact not yet ascertainable. Hotel operations were Sayaji Hotels' sole operating segment, generating ₹106.6 crore of revenue from operations in FY26.

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Century 21 Officespace Private Limited, a promoter of Sayaji Hotels (Indore), sold 17,498 shares, or 0.57% of the company, in the open market on 18 August 2026. Its holding fell from 916,270 shares, or 30.07%, to 898,772 shares, or 29.50%. The transaction followed Century 21's sale of 8,163 shares on 17 August, while promoter Kayum Razak Dhanani sold his 1.41% stake in July. Sayaji Hotels' FY26 total income was ₹107.3 crore, while borrowings stood at ₹108.7 crore and construction work in progress at the Amber project reached ₹111.7 crore.

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Century 21 Officespace Private Limited, a promoter of Sayaji Hotels (Indore), sold 8,163 shares in the open market on 17 August 2026. Its holding fell from 9,24,433 shares, or 30.34%, to 9,16,270 shares, or 30.07%. The Century 21 group acquired 3,78,251 shares through a 2025 open offer, after which its affiliates and Chhabra nominees entered the promoter group. Sayaji Hotels operated a single hoteliering segment and recorded total income of ₹107.3 crore in FY26.

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Sayaji Hotels (Indore) promoter Kayum Razak Dhanani offloaded his entire 43,031 shares, or 1.41% equity, through open market transactions on June 30, 2026, according to a SEBI Takeover Regulations disclosure. The sale reduces his holding from 1.41% to nil, marking a full exit by this promoter entity. His earlier stake of 2% was pared in an earlier transaction. The divestment adds to a series of promoter share sales by family members in recent months, largely seen as steps to meet Minimum Public Shareholding requirements after an open offer. At current market price, the block is worth approximately ₹5.6 crore. The company’s equity capital stands at 30.46 lakh shares of ₹10 each.

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Sayaji Hotels (Indore) promoter Zuber Yusuf Dhanani purchased 1,50,000 equity shares, or 4.92% of the company's paid-up capital, through open market transactions on June 11, 2026, as disclosed in a regulatory filing. Before the transaction, Dhanani held no shares in the company. The acquisition lifts his stake to 4.92%, making him a notable promoter shareholder. The purchase price is not disclosed but at current market levels the stake is worth roughly ₹16.6 crore. The move comes on the same day that two other promoter entities—Zoya Dhanani and Kayum Razak Dhanani—reduced their holdings, selling 4.16% and 0.59% respectively. The simultaneous buying and selling within the promoter group suggests an ongoing internal reallocation of shareholding, possibly to meet Minimum Public Shareholding requirements following an earlier open offer. The company has a paid-up equity of ₹3.05 crore and a market capitalisation of ₹335 crore.

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Sayaji Hotels (Indore) promoter Zoya Dhanani sold her entire 1,26,601 shares, or 4.16% of the company's equity, through open market transactions on June 11, 2026, as per a regulatory filing. The shares were held before the sale and her post-sale stake is nil. The disposal follows a series of small promoter divestments by other family entities in recent months, widely seen as steps to meet Minimum Public Shareholding norms. At the current market price, the sale is valued around ₹14 crore. The company has a market capitalisation of ₹335 crore and a paid-up equity of ₹3.05 crore.

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March 17 (Reuters) - Sayaji Hotels (Indore) Ltd SAYI.BO:

• GETS TAX ORDER WORTH 3.3 MILLION RUPEES

Source text: ID:nBSEJDmBb

Further company coverage: SAYI.BO

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Oct 24 (Reuters) - Sayaji Hotels (Indore) Ltd SAYI.BO:

• NAMES RAOOF RAZAK DHANANI AS MANAGING DIRECTOR

Source text for Eikon: ID:nBSE3C5tQ1

Further company coverage: SAYI.BO

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