Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 pursuant to the approval of various agreements
SAYAJIHOTL · price
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Sayaji Hotels' Board, at its meeting on 27 October 2025, approved a Shareholders' Agreement among Sayaji Hotels, SRSB Infrastructure, Zodiac Dealers, Shri Balaji Industrial Engineering, and SMS Limited in connection with a tender won from Nava Raipur Atal Nagar Vikas Pradhikaran (NRANVP). Under the SHA, SRSB Infrastructure will be held 26% by Sayaji Hotels, 24% by Zodiac Dealers, 24% by Shri Balaji Industrial Engineering, and 26% by SMS Limited. Sayaji Hotels also signed Residence Marketing, Technical Services, and Complex Management Agreements with SRSB Infrastructure for a Sayaji-branded residential project spread over about 18.64 acres in Nava Raipur, Chhattisgarh. Sayaji will earn an aggregate fee of approximately ₹3.90 crore through brand licensing, management, and technical fees, with a 10-year management term (renewable for 5 years) and multi-year lock-in periods. The move marks Sayaji's entry into branded residential real estate alongside its core hospitality business.
Positive for shareholders — the company is expanding the Sayaji brand into residential projects, creating a new long-term, asset-light revenue stream of fees and royalties without major capital outlay. The multi-party consortium structure spreads execution risk while keeping Sayaji's stake meaningful at 26%.