According to an exchange filing, Sayaji Hotels will manage and operate a 4-star hotel owned by Om Shivam Buildcon, located in Hingna, Nagpur, Maharashtra. The property will feature 115 rooms, two banquet halls, two restaurants, two boardrooms, a gym, and a spa. The hotel will operate under the brand name “Effotel by Sayaji.”
The agreement is set for a tenure of 15 years from the date of the hotel’s commercial launch, with an option for renewal in five-year increments on mutually agreed terms.
Sayaji Hotels is primarily engaged in the business of owning, operating & managing hotels.
The company reported a consolidated net loss of Rs 9.85 crore in Q2 FY26 as against Rs 1.30 crore posted in Q2 FY25. However, revenue from operations jumped 12.6% YoY to Rs 31.67 crore in the quarter ended 30 September 2025.
The counter declined 1.43% to Rs 286.30 on the BSE.