Updation on Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Change in Management/Directors.
SAYAJIHOTL · price
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Sayaji Hotels Ltd has announced the appointment of Mr. Kayum Razak Dhanani as a Non-Executive Non-Independent Director, following shareholder approval via postal ballot on April 7, 2026. He was initially appointed as an Additional Director on February 10, 2026. Mr. Dhanani holds a diploma in sole-making from the Central Leather Research Institute, Chennai, and has been associated with Sara Suole Private Limited since 2005. The filing confirms he is related to existing board members including Managing Director Mr. Raoof Razak Dhanani, Non-Executive Director Mr. Mohammad Yusuf Abdul Razak Dhanani, and Whole-Time Director Mrs. Suchitra Dhanani.
This appointment strengthens the board with a family member connected to the leather goods business. Shareholders approved the appointment through postal ballot, indicating acceptance of the governance change. The addition of a related party may attract scrutiny regarding related party transaction disclosures going forward.