Intimation for sale of shares by Promoter, pursuant to the Compliance of MPS Requirements
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Sayaji Hotels (Indore) Ltd has informed BSE that promoter Mrs. Anisha Raoof Dhanani intends to sell 5,000 equity shares (0.16% of paid-up capital) in the open market by 30th March 2026. The sale is being made to bring the company's public shareholding back to the minimum level required under SEBI rules. This need arose because the recent Open Offer by Century 21 Officespace Private Limited and its associates pushed the promoter group's holding beyond the permissible limit, causing public shareholding to fall below the mandatory threshold. The company has also confirmed that other promoter group members have undertaken not to buy shares in the market during this sale period.
This is a small, technical sale (just 0.16%) aimed at regulatory compliance rather than any change in business outlook. It should not meaningfully affect the stock price or shareholder value; the move simply restores the required public float after the recent open offer shifted ownership towards the promoter group.