Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 [''Listing Regulations'']- Change in Management/Directors
SAYAJIHOTL · price
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Sayaji Hotels' board, at its meeting on 13 January 2026, approved a leadership change at the top. Mr. Abhay Chintaman Chaudhari, Non-Executive Independent Director and Chairman, completed his second consecutive term as required under SEBI rules and stepped down from both roles effective close of business hours on 22 January 2026. Mr. Nimeshkumar Gandhi, an existing Non-Executive Independent Director on the board, has been appointed as the new Chairman of the Board and the Company effective 23 January 2026. The Audit Committee, Stakeholders Relationship Committee, and Nomination & Remuneration Committee have been reconstituted with the new chairman and existing members.
This is a routine, compliance-driven leadership transition with no governance red flags — Mr. Chaudhari's exit follows the mandatory two-term cap for independent directors, and Mr. Gandhi is an existing board member, not an outside appointment. Shareholders should see minimal impact on stock price or business operations.