Notice of Postal Ballot.
SAYAJIHOTL · price
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Sayaji Hotels Limited has issued a Postal Ballot notice seeking shareholder approval to regularize the appointment of Mr. Kayum Razak Dhanani (DIN: 00987597) as a Non-Executive Non-Independent Director of the company. Mr. Dhanani, aged 53, was first appointed as an Additional Director on February 10, 2026, and now needs shareholder confirmation. He holds a diploma in sole-making from the Central Leather Research Institute, Chennai, and has over 20 years of experience in leather goods manufacturing and food processing businesses. He is related to existing directors Mr. Raoof Razak Dhanani (Managing Director), Mr. Mohammad Yusuf Abdul Razak Dhanani (Non-Executive Director), and Mrs. Suchitra Dhanani (Whole-Time Director), making this a related-party regularization. E-voting will run from March 7, 2026 to April 6, 2026, with the cut-off date being February 28, 2026.
This is a routine governance item seeking shareholder approval to formalize a director appointment that has already been made by the Board. No material impact on financials or shareholder value is expected, though Mr. Dhanani holds 15,96,048 shares in the company and brings family-related ownership representation to the board. Shareholders should review the appointment given that the proposed director is part of the promoter/promoter-group family.