Sayaji Hotels Ltd Notes Appointment of Director Following Postal Ballot Approval

Sayaji Hotels Ltd Notes Appointment of Director Following Postal Ballot Approval​

Sayaji Hotels Ltd has confirmed the appointment of Mr. Kayum Razak Dhanani as a Non-Executive Non-Independent Director of the Company. The appointment followed the approval granted by the members through a Postal Ballot conducted via remote e-voting.

The company confirmed the results of the postal ballot, including the Scrutinizer's Report and Voting Results, were submitted to the Exchange on April 7, 2026.

According to the details provided regarding the change in management, Mr. Kayum Razak Dhanani was initially appointed as an Additional Director on February 10, 2026, during a Board Meeting. Subsequently, his appointment was formally approved by the shareholders as a Non-Executive Non-Independent Director via Postal Ballot.

The company provided a profile detailing Mr. Kayum Razak Dhanani. He holds a diploma in sole-making from the Central Leather Research Institute, Chennai. His professional association dates back to 2005 with Sara Suole Private Limited, which focuses on manufacturing, processing, and selling leather goods, including soles, shoes, and other leather accessories.

The Board confirmed that Mr. Kayum Razak Dhanani is not debarred from holding the office of Director by any SEBI order or any other such authority. Furthermore, disclosures highlighted that Mr. Kayum Razak Dhanani is related to Mr. Raoof Razak Dhanani, Managing Director; Mr. Mohammad Yusuf Abdul Razak Dhanani, Non-Executive Non-Independent Director; and Mrs. Suchitra Dhanani, Whole-Time Director of the Company.

Stock Price Movement​

Sayaji Hotels Ltd settled at ₹278.00 on Tuesday, ticking up 2.47% in after-hours trading. Shares ranged throughout the day, finding support at ₹278.00 while testing an intraday peak of ₹292.80.

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