Annual Report for the Financial Year 2025-26

11th August, 2026 The General Manager Department of Corporate Services BSE Limited P. J. Towers Dalal Street, Fort, Mumbai - 400 001 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 Limited (“the Company”) for the Financial Year 2025-26 along with the Notice convening the 43rd Annual General Meeting ("AGM") of the Members of the Company. The 43rd AGM of the Company is scheduled to be held on Friday, 4th September, 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 441, 942/1942, T P No. 66, Near Bhimnath Bridge, Sayajiganj, Vadodara, Gujarat 390020 India. Kindly take the above information on record. Thanking you. Yours faithfully, For Sayaji Hotels Limited Puneet Karade Company Secretary and Compliance Officer Enclosed: Annual Report of the Company for the Financial Year 2025-26 SAYAJI HOTELS LIMITED Corporate office Address: H/1 Scheme No. 54, Vijay Nagar, Indore, Madhya Pradesh, India, 452010 Phone No. 0731-4006666 | E-mail: cs@sayajigroup.com Regd. Office: 441, 942/1942, T P No. 66, Near Bhimnath Bridge, Sayajiganj, Vadodara, Gujarat-390020 India CIN: L51100GJ1982PLC162541 | Phone No.: 0265-2476666 | www.sayajihotels.com ANNUAL REPORT 2026 SAYAJI HOTELS LIMITED ABOUT THE REPORT We are pleased to present the Forty-Third Annual Report of Sayaji Hotels Limited, providing our stakeholders with a comprehensive overview of the Company’s financial and non-financial performance for the financial year ended March 31, 2026. This Report outlines how the Company creates sustainable value for its stakeholders through its business strategy, operational excellence, governance framework, and commitment to responsible growth. It presents a balanced view of our performance, opportunities, risks, and future outlook, encompassing both financial and non- financial aspects of the business. The financial and statutory information contained in this Report has been prepared including (cid:149) The Companies Act, 2013 and the Rules made thereunder (cid:149) Indian Accounting Standards (Ind AS) (cid:149) Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (cid:149) Secretarial Standards issued by the Institute of Company Secretaries of India (ICSI) This Annual Report covers the period from April 1, 2025 to March 31, 2026. Wherever relevant, comparative information from previous years has been included to facilitate meaningful analysis and provide stakeholders with a broader perspective on the Com- pany’s performance. The Report focuses on matters that are material to our stakeholders and business op- erations, reflecting the key factors that influence our ability to create long-term and usiness operations, reflecting the key factors that influence our ability to create long-term and sustainable value. ABOUT THE COMPANY Sayaji Group of Hotels is a distinguished Indian hospitality brand that has redefined the art of welcoming guests through its unique blend of luxury, warmth, and person- alized service. Rooted in Indian values and driven by a relentless pursuit of excellence, Sayaji has established itself as a trusted name in the hospitality industry with a grow-ing presence across the country. At the heart of the Sayaji experience lies our endur-ing philosophy of “Yours Truly”—a commitment to delivering hospitality that is thoughtful, intuitive, and deeply personal. Every stay, dining experience, celebration, and business engagement is crafted with meticulous attention to detail, ensuring that guests feel valued, cared for, and truly at home. Our diverse portfolio of hotels, restaurants, banquets, and event destinations caters to the evolving needs of modern travelers, corporate guests, and social celebra- tions alike. By seamlessly combining contemporary comforts, culinary excellence, and impeccable service standards, we create experiences that leave a lasting impression. As we continue to strengthen our footprint through strategic expansion and manage- ment partnerships, we remain guided by our core values of Customer Focus, Innova- tion, Genuine, Ownership, Passion and Employee Focus. Supported by passionate teams and a strong entrepreneurial spirit, Sayaji is committed to setting new bench- marks in hospitality while creating enduring value for guests, partners, employees, and stakeholders. Today, Sayaji stands not merely as a collection of hotels, but as a symbol of authentic Indian hospitality—where every interaction is meaningful, every experience is memo- rable, and every guest is welcomed with the warmth of “Yours Truly.” HOTELS CITIES KEYS EMPLOYEES 3600+ 39 34 2638 OUR BRANDS A NOTE FROM Managing Director Raoof Razak Dhanani MANAGING DIRECTOR | SAYAJI HOTELS LIMITED The year gone by has been one of growth, resilience, and renewed opportunities for Sayaji Hotels Limited. As the hospitality sector continued its upward trajectory, we remained focused on delivering exceptional guest experiences while strengthening our operational and financial performance. During FY 2025-26, we witnessed encouraging growth across key business parameters, supported by healthy occupancies, strong Food & Beverage performance, and the con- tinued trust of our valued guests. We also expanded our presence through new manage- ment properties, reinforcing the strength and reach of the Sayaji brand. At Sayaji, hospitality is defined by warmth, care, and memorable experiences. Guided by this philosophy, we continued to enhance guest convenience, invest in our people, and embrace innovation while maintaining our commitment to service excellence. Looking ahead, we are confident about the opportunities that lie before us. With a strong foundation, a dedicated team, and a clear vision for growth, we remain committed to creating long-term value for our stakeholders and setting new benchmarks in hospitali- I extend my sincere gratitude to our guests, employees, business partners, and share- holders for their continued trust and support. Together, we look forward to an exciting future filled with growth and new achievements. A NOTE FROM Chairman Nimeshkumar Natwarlal Gandhi CHAIRMAN | SAYAJI HOTELS LIMITED Dear Shareholders, I am pleased to present the Annual Report of Sayaji Hotels Limited for the Financial Year 2025–26.The year has been marked by steady progress, resilience, and continued growth for the Company. Our focus on strong corporate governance, operational excellence, and customer satisfaction has enabled us to strengthen our position in the hospitality industry. On behalf of the Board, I sincerely thank our shareholders, guests, employees, business partners, and all stakeholders for their continued trust and support. We remain com- mitted to sustainable growth, ethical business practices, and creating long-term value for all. With confidence in our strategy and the dedication of our team, we look forward to the opportunities ahead and to achieving new milestones together. Leadership Team Driving Growth, Governance and Long-Term Value Creation Mr. Nimeshkumar Natwarlal Gandhi, aged 60 years, is the Chairman and an Independent Director of the Company. A distinguished Char- tered Accountant by profession, he has been in practice since April 1995 and is based in Vadodara. With over three decades of rich profes- sional experience, he has established expertise in statutory and inter- nal audits, taxation, corporate laws, financial advisory, and strategic business consul [Showing first 8,000 characters — download PDF for full document]