Sayaji Hotels (Indore) Ltd — Important, 28-02-2026: Company Update

Sayaji Hotels (Indore) Limited announced that the operational creditor, Ujaas Energy Limited, has filed an application to withdraw the insolvency petition previously initiated against the company at the NCLT. This action follows the execution of a settlement deed between the parties. The company is now awaiting the NCLT's official order for the petition's withdrawal and dismissal. This development significantly reduces legal uncertainty for the company and its stakeholders.