Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
SAYAJIHOTL · price
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Sayaji Hotels Ltd has entered into a Hotel Management Agreement with Unique Complex Private Limited on April 18, 2025. Under this 10-year agreement, Sayaji Hotels will manage and operate a hotel located at Station Road, Civil Lines, Bareilly, Uttar Pradesh. The hotel features 30 room keys, banquet halls, restaurants including an infinity restaurant and bar, and office space, and will operate under the 'ENRISE' brand. The agreement is renewable for additional 5-year terms on mutual consent, and it is not a related-party transaction.
This is a routine business expansion move — adding a managed hotel in Bareilly under the ENRISE brand — which should support incremental revenue from management fees, but it is a small-scale asset-light deal unlikely to materially move the stock price.