Sayaji Hotels (Indore) Ltd — Important, 28-03-2026: Company Update

Sayaji Hotels (Indore) announced that a promoter group entity, M/s MP Entertainment and Developers Private Limited, intends to sell 22,000 equity shares, representing 0.72% of the company's total paid-up capital. This move follows an open offer that increased the promoter group's shareholding beyond the permissible limit, causing public shareholding to fall below the required minimum. The sale aims to increase the public float and ensure the company complies with public shareholding norms. Other promoter group members have committed not to purchase any shares during this divestment period, helping maintain regulatory adherence and market liquidity.