Sayaji Hotels Ltd — Important, 07-03-2026: Company Update

Sayaji Hotels has decided to terminate its lease agreement for the Sayaji Raipur hotel with Vicon Imperial (I) Private Limited, effective March 31, 2026. This management decision will significantly impact the company's financials, as the Raipur unit contributed 26.08% to total turnover and 19.84% to total EBITDA for the period ended March 31, 2025. The owner has proposed continuing operations under a new management contract, which Sayaji Hotels will evaluate. This move signals a strategic change for the company's operations at this property.