Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Detailed Public Statement

Century 21 Officespace Private Limited (Acquirer), along with three Persons Acting in Concert (Century 21 Town Planners, M.P. Entertainment and Developers, and Print Solutions), all belonging to the same group, has issued a Detailed Public Statement for an Open Offer to acquire up to 7,92,118 equity shares (26% of equity share capital) of Sayaji Hotels (Indore) Ltd from public shareholders at Rs. 1,250 per share in cash. The Open Offer was triggered after PAC 3 (Print Solutions) acquired 82,755 shares (2.72%) through open market purchases on March 28, 2025, taking the combined acquirer+PACs holding to 26.87% and crossing the open offer threshold. Assuming full acceptance, the total offer consideration works out to approximately Rs. 99.01 crore. The acquirer has deposited Rs. 25 crore (more than 25% of offer consideration) in an escrow account with HDFC Bank. The offer is mandatory under SEBI Takeover Regulations, with tendering period scheduled from May 28, 2025 to June 10, 2025. The offer price is the highest of the negotiated price, 52-week VWAP (Rs. 1,193.19), 26-week high (Rs. 1,052.80), and 60-day VWAP (Rs. 764.10).