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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Sayaji Hotels (Indore) Ltd

Sayaji Hotels (Indore) Q2 FY27 Net Loss of Rs. 482.94 Lakh; new director appointed

RESULTS ▼ Concern Flagged HIGH RISK
📅 Filed on BSE: 28 Oct 2026, 05:59 PM IST  ·  BSE ID: add1933c-8b3a-470a-8dd9-014bd360363a
View Original BSE Filing (PDF)
💡
In Simple Terms
Sayaji Hotels (Indore) reported a loss of Rs. 482.94 Lakh in its latest quarter, and appointed a new director.
🤖 AI Summary
  • Sayaji Hotels (Indore) reported a Net Loss of Rs. 482.94 Lakh for the quarter ended 30th September, 2026.
  • Revenue from Operations for Q2 FY27 was Rs. 1,918.31 Lakh, compared to Rs. 2,106.90 Lakh in Q2 FY26.
  • The Board approved the appointment of Azhar Yusuf Dhanani (DIN: 07694732) as an Additional Director.
  • Total Comprehensive Loss for the period stood at Rs. 493.13 Lakh.
  • The Board also approved the Draft Notice of Postal Ballot and the appointment of a scrutinizer for e-voting.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Net Profit/(Loss) for the period (Q2 FY27)
(482.94) Rs. In Lakh
Not comparable — limited prior period data.
Revenue from Operations (Q2 FY27)
1,918.31 Rs. In Lakh
-8.95%
Total Comprehensive Income (Q2 FY27)
(493.13) Rs. In Lakh
Not comparable — limited prior period data.
Basic and diluted EPS (Q2 FY27)
(15.86) Rs. In Lakh
Not comparable — limited prior period data.
🏢 How This Affects the Company
📈
Business Impact
The decline in Revenue from Operations to Rs. 1,918.31 Lakh suggests a contraction in core business activity during the quarter. Continued litigation regarding the Indore hotel's leasehold land remains a structural issue impacting stability.
💰
Financial Impact
The company reported a Net Loss of Rs. 482.94 Lakh for Q2 FY27, impacting earnings and retained profits. Total expenses increased to Rs. 2,507.92 Lakh from Rs. 2,103.86 Lakh in the prior year's comparable quarter.
⚙️
Operational Impact
The ongoing litigation concerning the Indore hotel's leasehold land creates uncertainty for a key operational asset. The non-provisioning of stamp duty for the demerged Indore hotel due to litigation defers accounting for a significant cost.
⚠️
Risk Impact
The continued litigation over the Indore hotel's leasehold land and the pending order from the Indore Development Authority (IDA) pose significant operational and financial risks, including potential eviction from the premises. The non-adjudicated stamp duty related to the demerger also represents a deferred financial liability.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this financial results filing and director appointment. Shareholders may need to participate in the Postal Ballot once the notice is issued.
👤
Who Is Affected
All shareholders are affected by the reported financial results, specifically the Net Loss of Rs. 482.94 Lakh. The appointment of an Additional Director changes the composition of the Board of Directors governing the company.
🔍
Management Signal
Management continues to address corporate governance by appointing a new Additional Director while navigating significant litigation related to a key asset, indicated by the 'Emphasis of Matter' in the auditor's report.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Outcome of Postal Ballot — monitor specific resolutions and voting results.
IDA decision on compounding application — resolution of Indore hotel lease issue.
Q3 FY27 financial results — assess trends in revenue and profitability.
HIGH RISK Ongoing litigation regarding the leasehold land of a key hotel asset presents significant operational and financial uncertainty.
💡 Investor Takeaway
Sayaji Hotels (Indore) Ltd. reported a Net Loss of Rs. 482.94 Lakh for the quarter ended 30th September, 2026, compared to a profit of Rs. 17.68 Lakh in the prior comparable period. Revenue from Operations declined to Rs. 1,918.31 Lakh.
⚖️ Strengths & Concerns

✅ Positives

  • Total Assets increased to Rs. 33,600.45 Lakh as of September 30, 2026, from Rs. 22,545.63 Lakh as of March 31, 2026.
  • Cash and Cash Equivalents increased to Rs. 398.68 Lakh as of September 30, 2026, from Rs. 71.40 Lakh as of March 31, 2026.

⚠️ Concerns

  • Net Loss for Q2 FY27 was Rs. 482.94 Lakh, a reversal from a profit of Rs. 17.68 Lakh in Q2 FY26.
  • Revenue from Operations decreased by 8.95% to Rs. 1,918.31 Lakh in Q2 FY27 from Rs. 2,106.90 Lakh in Q2 FY26.
📅 Company Track Record
Sayaji Hotels (Indore) Ltd. reported a Net Loss of Rs. 482.94 Lakh in Q2 FY27, a decline from a Net Profit of Rs. 157.99 Lakh in Q1 FY27. This compares to a profit of Rs. 17.68 Lakh in Q2 FY26. The company was incorporated on August 20, 2018.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was Sayaji Hotels (Indore)'s net profit/loss for Q2 FY27?
Sayaji Hotels (Indore) reported a Net Loss of Rs. 482.94 Lakh for the quarter ended 30th September, 2026.
What was the Revenue from Operations for Sayaji Hotels (Indore) in Q2 FY27?
The Revenue from Operations for Sayaji Hotels (Indore) was Rs. 1,918.31 Lakh for the quarter ended 30th September, 2026.
Who was appointed as a new director at Sayaji Hotels (Indore)?
Azhar Yusuf Dhanani (DIN: 07694732) was appointed as an Additional Director (Non-Executive Non-Independent Category) of Sayaji Hotels (Indore).
What is the status of the Indore hotel lease litigation for Sayaji Hotels (Indore)?
The Hon'ble High Court admitted a Writ Appeal on March 8, 2022, regarding the lease cancellation. An order is awaited from the IDA regarding the company's compounding application, and a stay has been granted on eviction proceedings.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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