Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors of Sayaji Hotels (Indore) Ltd, at its meeting held on 18th April 2025, constituted a Committee of Independent Directors as required under SEBI Takeover Regulations, 2011. This step follows the receipt of a Detailed Public Statement (DPS) for an Open Offer to public shareholders. The offer is being made by 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. Systematix Corporate Services Limited is acting as the Manager to the Offer. The Committee comprises four independent directors with Mr. Abhay Chintaman Chaudhari as Chairperson.
This is a procedural disclosure confirming that a takeo/open offer has been formally triggered for Sayaji Hotels shareholders. Investors should watch for the Detailed Public Statement and Letter of Offer from the Acquirer for details on offer price, size, and timeline, which will determine whether the offer is attractive.