Annual Report of the Company for the Financial Year 2025-26

30th July, 2026 The General Manager Department of Corporate Services BSE Limited P. J. Towers Dalal Street, Fort, Mumbai - 400 001 SCRIP: 544080 Subject: Submission of Annual Report for the Financial Year 2025-26 Dear Sir/Madam, With reference to the captioned subject and pursuant to the provisions of Regulation 34(1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit the Annual Report of Sayaji Hotels (Indore) Limited (“the Company”) for the Financial Year 2025-26 along with the Notice convening the 8th Annual General Meeting ("AGM") of the Members of the Company. The 8th AGM of the Company is scheduled to be held on Friday, 21st August, 2026 at 11:30 A.M. (IST) through Video Conferencing ("VC") / Other Audio-Visual Means ("OAVM"), in compliance with the applicable provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The deemed venue of the AGM shall be the Registered Office of the Company situated at H-1, Scheme No. 54, Vijay Nagar, Indore, Madhya Pradesh – 452010. Kindly take the above information on record. Thanking you. Yours faithfully, For Sayaji Hotels (Indore) Limited Aaditya Kasera Company Secretary & Compliance Officer M. No. A76172 Enclosed: Annual Report of the Company for the financial year 2025-26 SAYAJI HOTELS (INDORE) LIMITED Registered Office: H-1 Scheme No. 54, Vijay Nagar, Indore, Madhya Pradesh-452010 CIN: L55209MP2018PLC076125 Phone No. 0731-4006666| E-mail cs@shilindore.com Website: www.shilindore.com 8 ANNUAL REPORT FOR THE FINANCIAL YEAR 2025-26 CONTENTS BUSINESS OVERVIEW & STATUTORY REPORTS PAGE NO. Corporate Information 01-03 Notice of Annual General Meeting 04-23 Director’s Report 24-57 Management Discussion and Analysis Report 58-84 Report on Corporate Governance 85-96 FINANCIALS PAGE NO. Independent Auditor’s Report 97-111 Financial Statements 112-155 A NOTE FROM Managing Director Dear Stakeholders, It is my privilege to present the Annual Report of Sayaji Hotels (cid:31)Indore(cid:30) Limited for the financial year 2025-26. Over the years, our Company has established a strong presence in Indore's hospitality landscape through the successful operations of Sayaji Hotel, Indore. The trust reposed in us by our guests, business partners, and stakeholders has enabled us to consistently deliver memorable hospitality experiences while strengthening our position in one of Central India's most vibrant and rapidly growing cities. As we proudly say, we continue to be "Central India's Most Contemporary Hotel Chain." As part of our long-term growth strategy and 2026 Brand Vision, we continue to strengthen and diversify our hospitality portfolio through multiple brands catering to distinct customer segments. Alongside our flagship Sayaji property, we are expanding our presence through brands such as Altara. In line with this vision, I am pleased to share the progress of Altara, our upcoming hospitality destination strategically located on the Indore Bypass. The project represents an important milestone in our growth journey and reflects our confidence in the continued development of Indore as a commercial, industrial, and tourism hub. Altara is being envisioned as a contemporary hospitality landmark that will complement our existing operations in Indore while catering to the evolving needs of business travellers, leisure guests, social celebrations, and corporate events. Innovation remains at the core of our strategy. The future of hospitality will be defined not only by physical infrastructure but also by the intelligent use of technology. We believe that digital transformation is Raoof Razak Dhanani essential to delivering superior guest experiences and driving MANAGING DIRECTOR | SAYAJI HOTELS (INDORE) LIMITED operational excellence. The adoption of Artificial Intelligence, predictive analytics and data-driven decision-making will play a critical role in enhancing personalization, improving efficiency, optimizing costs, and ensuring that we remain competitive in a rapidly evolving hospitality landscape. Our commitment to excellence continues to be recognized by the industry. It is a matter of immense pride that our collective efforts and unwavering focus on guest satisfaction, premium event management, and hospitality innovation have contributed to prestigious industry recognition. Such achievements inspire us to raise the bar further and reinforce our commitment to delivering exceptional experiences across all our properties. I would like to place on record my sincere appreciation for the unwavering support of our shareholders, guests, business associates, financial institutions, regulatory authorities, and all other stakeholders. I extend my heartfelt gratitude to our employees whose passion, dedication, and commitment continue to be the driving force behind our achievements. ABOUT THE COMPANY Sayaji Hotels (cid:31)Indore(cid:30) Limited has established itself as a hallmark of excellence in hospitality, setting benchmarks in luxury, service, and guest experiences across Central India. Through its flagship property, Sayaji Hotel, Indore, the Company has earned a distinguished reputation as a preferred destination for business travellers, leisure guests, grand celebrations, corporate events, conferences, and weddings. Strategically located in the commercial capital of Madhya Pradesh, Sayaji Hotel, Indore has become more than just a hotel(cid:29)it is a landmark destination that reflects the spirit, growth, and aspirations of a rapidly evolving city. Renowned for its contemporary hospitality, diverse culinary offerings, world-class banqueting facilities, and unwavering commitment to guest satisfaction, the hotel has played an integral role in positioning the Sayaji brand as "Central India's Most Contemporary Hotel Chain." Over the years, the Company has consistently adapted to changing customer preferences while preserving the values that define the Sayaji experience(cid:29)warmth, innovation, quality, and personalized service. This strong foundation has enabled the Company to build enduring relationships with guests, corporate partners, event organizers, and stakeholders, making Sayaji Hotel, Indore one of the most recognized hospitality destinations in the region. As the Company looks towards the future, it is embarking on an exciting new chapter with the development of Altara, Indore(cid:29)a luxury lifestyle hospitality destination envisioned to redefine the standards of premium hospitality in Central India. Situated on the rapidly developing Indore Bypass corridor, Altara is being designed as a destination that seamlessly blends luxury accommodation, world-class dining, grand celebrations, business events, and immersive guest experiences. Conceived as a landmark development, Altara will feature elegantly designed rooms and suites, premium dining experiences, wellness and recreational facilities, and one of the region's most comprehensive event ecosystems, including expansive banquet spaces, landscaped lawns, a grand ballroom, and dedicated wedding and social event infrastructure. The project represents more than an expansion of capacity(cid:29)it symbolizes the Company's confidence in the future of Indore and its commitment to creating hospitality experiences that are contemporary, experiential, and globally benchmarked. Leveraging the legacy of Sayaji Hotel, Indore and the Group's expertise in hospitality and event management, Altara is poised to emerge as a premier destination for luxury weddings, corporate events, leisure travel, and social celebrations. Today, as Sayaji Hotels (cid:31)Indore(cid:30) Limited continues its growth journey, it remains guided by a clear vision(cid:28) to create exceptional hospitality destinations, embrace innovation and technology, deliver memorable experiences, and generate sustainable value for all stakeholders. With a strong legacy, a trusted b [Showing first 8,000 characters — download PDF for full document]