Sayaji Hotels (Indore) Ltd — Important, 18-10-2025: Company Update

Sayaji Hotels (Indore) shareholders have approved significant changes to the company's bylaws (Articles of Association). These updates define 'Existing' and 'Incoming' promoter groups, giving each the right to nominate two directors and requiring their joint approval for 'Reserved Matters.' These critical decisions include major investments, capital structure adjustments, and asset sales, with financial thresholds for some matters set at 0.50 Cr for single transactions and 1.00 Cr for aggregate asset disposals. New share transfer mechanisms like Right of First Offer, Tag-Along, and Drag-Along rights are also established. These promoter-specific rights are contingent on each group maintaining at least 26% shareholding.