Intimation under Regulation 30 of SEBI (LODR) Regulation, 2015- Change in Management/ Directors.
SAYAJIHOTL · price
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Sayaji Hotels Ltd has informed the stock exchange that Mr. Abhay Chintaman Chaudhari, Non-Executive Independent Director and Chairman, has completed his second consecutive term as Independent Director and stepped down from the Board effective end of business on 22nd January, 2026. Mr. Nimeshkumar Gandhi, an existing Non-Executive Independent Director, has been appointed as the new Chairman of the Board and the Company with effect from 23rd January, 2026. The Board has also reconstituted key committees — Audit Committee, Stakeholders Relationship Committee, and Nomination and Remuneration Committee — with the new Chairman taking charge of two of them. This is a routine succession change following the completion of the outgoing Chairman's maximum permitted tenure as an independent director.
This is a routine, planned leadership change with no financial or operational impact. Shareholders should note continuity on the Board as the new Chairman is an existing Independent Director, which supports governance stability.