Sayaji Hotels (Pune) Ltd Announces Appointment of New Independent Director
Sayaji Hotels (Pune) Ltd confirmed the appointment of Mr. Nimeshkumar Natwarlal Gandhi as a Non-Executive Independent Director following shareholder approval via postal ballot. This update follows an earlier intimation made to BSE on February 5, 2026, regarding changes in the company's management.The outcome of the postal ballot, including the Scrutinizer's Report and Voting Results, was submitted to the Exchange on Tuesday, April 7, 2026, and is also available on the company website.
Details of Director Appointment
The company confirmed the approval of Mr. Nimeshkumar Natwarlal Gandhi for the position of Non-Executive Independent Director by the members of the Company through the remote e-voting postal ballot process.The details pertaining to this appointment are summarized below:
| Detail | Information Provided |
|---|---|
| Reason for change | Mr. Nimeshkumar Natwarlal Gandhi is being appointed as a Non-Executive Independent Director of the Company. |
| Term of Appointment | Mr. Nimeshkumar Natwarlal Gandhi was initially appointed as an Additional Non-Executive Independent Director at the Board Meeting held on February 5, 2026. Shareholders subsequently approved his appointment as a Non-Executive Independent Director for a term of 5 years, effective from February 5, 2026, to February 4, 2031. |
| Professional Profile | Mr. Nimeshkumar Natwarlal Gandhi is a Practicing Chartered Accountant with 31 years of experience in accounts, taxation, corporate governance, and allied fields. His expertise includes providing advice and consultancy in Income Tax, GST, Company Law, Management, Project Financing, and other related areas, in addition to serving as an Auditor (Statutory as well as Internal). |
| Independence Confirmation | Mr. Nimeshkumar Natwarlal Gandhi is not related to any Director of the Company and meets the criteria for independence as prescribed under the Companies Act, 2013 and SEBI LODR. Furthermore, he is not debarred from holding the office of Independent Director by virtue of any SEBI order or any other such authority. |
Stock Price Movement
At the close of trading today, Sayaji Hotels (Pune) Ltd settled at ₹691.25, finishing the day 1.61% lower. The shares traded within a notable intraday range, bouncing between a low of ₹685.00 and a peak near ₹735.00.Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.