Sayaji Hotel(Indore)

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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