Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) 2015 pursuant to the termination of Agreement with Vicon Imperial (I) Private Limited
SAYAJIHOTL · price
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Sayaji Hotels Ltd has terminated its lease agreement with Vicon Imperial (I) Private Limited for the hotel property in Raipur, Chhattisgarh, effective 31st March 2026. The original agreement was signed on 22nd March 2017 for a period of 15 years and 3 months. The Sayaji Raipur unit is a significant contributor, accounting for 26.08% of the company's total turnover and 19.84% of total EBITDA in FY25. The property owner has proposed continuing operations under a management contract, which the company will evaluate in due course.
This termination will materially impact the company's revenue and EBITDA, as the Raipur property contributed over a quarter of total turnover and nearly 20% of EBITDA in FY25. However, potential continuity under a management contract could partially offset the financial impact if agreed upon.