Sayaji Hotels' Hotel Bar License Suspended by Excise Department
Sayaji Hotels (Indore) Ltd has received an order from the Office of the Collector (Excise), District Indore, directing the suspension of its Hotel Bar (FL-3) Licence. The suspension is linked to the previous order issued by the Food Safety and Standards Authority of India (FSSAI).The Excise Department issued the suspension order on August 22, 2026. The license is set to remain suspended until the revocation of the FSSAI suspension order or until March 31, 2027, whichever occurs earlier.
The order from the Office of the Collector (Excise) was issued in response to the order dated August 21, 2026, issued by the FSSAI.
In a related development, the High Court of Madhya Pradesh, Indore Bench, granted a stay on the FSSAI order dated August 21, 2026, on August 22, 2026. The company has apprised the Excise Department regarding the High Court's order.
Regarding the operational and financial impact, Sayaji Hotels stated that the exact financial impact of the suspension is not ascertainable with certainty at present. The company indicated that any material impact or further developments in this matter will be communicated to the Stock Exchange(s).
The key details of the action taken by the Excise Department and the related orders are summarized below:
| Particulars | Details |
|---|---|
| Authority | Office of the Collector (Excise), District Indore, Madhya Pradesh |
| Action Taken | Suspension of the Company's Hotel Bar (FL-3) Licence |
| Date of Action | August 22, 2026 |
| Duration | Until the revocation of the FSSAI suspension or March 31, 2027 (whichever is earlier) |
| Violation Basis | The order of the District Excise Department was issued in response to the FSSAI order dated August 21, 2026. |
| Financial Impact | The exact financial impact is not ascertainable at present. |
Stock Price Movement
For Friday, Sayaji Hotels (Indore) Ltd settled at ₹1196.25 after slipping 3.31%. The shares traded intraday within a range defined by the high of ₹1212.50 and the low of ₹1180.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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