Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015
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Sayaji Hotels (Indore) Ltd announced that its Board, at a meeting held on September 1, 2025, approved the appointment of two new Additional Non-Executive Non-Independent Directors: Mr. Karan Singh Chhabra and Mrs. Riya Chhabra. Both appointments are effective from September 1, 2025, and they will hold office until the next General Meeting or three months, whichever is earlier. Mr. Karan Singh Chhabra has over 10 years of experience in real estate, mall management, and hospitality, and currently leads the C21 Group overseeing multiple malls, hotels, and commercial properties. Mrs. Riya Chhabra brings over 12 years of experience in real estate, property development, and hospitality operations.
Both new directors belong to the Promoter Group and are related to each other, signaling continued family/promoter control over the company's strategic direction. This is a routine board reinforcement but reinforces promoter influence on the board.