Sayaji Hotels (Indore) Ltd — Board Meeting, 23-05-2025: Board Meeting

Sayaji Hotels (Indore) Limited has announced a board meeting to approve the financial results for the quarter and half-year. The company reported revenue from operations of Rs. 29.51 Cr for the quarter and Rs. 105.68 Cr for the year, with a net profit of Rs. 4.43 Cr and Rs. 10.57 Cr respectively. The board approved appointment and re-appointment of auditors and secretarial auditors, reconstitution of board committees, and proposals to increase borrowing limits and provide financial assistance, both subject to shareholder approval. The company is engaged in hoteliering and continues to account on a going concern basis despite ongoing litigation related to leasehold land of its Indore hotel. The auditors issued an unmodified opinion with emphasis on these legal proceedings. Cash flows showed strong operating cash generation but significant capital expenditure and debt increase during the year.