SAYAJI HOTELS LTD. We request you to take on record the above said decision and disseminate the same on the website of stock exchange.

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1 06'^ Day of August, 2016 SAYAJI HOTELS LTD. To, Department of Corporate Services Bombay Stock Exchange Limited P J Towers, Dalai Street Mumbai Sub: - Outcome of the Board Meetine held on 06'" Day of August A meeting of the Board of directors of the company was held at its administrative office on the 6'''^Day of August, 2016 wherein, interalia the following decisions were considered & approved:- 1. Audited Consolidated Financial Results for the year ended on 3r' March Standalone Unaudited financial results for the quarter ended on 30th June The Board's Report, Management Discussion & Analysis Report and the Report on Corporate Governance for the year ended 31st March, Secretarial Audit Report for the Financial year The appointment of M/s Ritesh Gupta & Co. as the Secretarial Auditor for the financial year Ratification of appointment of M/s K. L Vyas & Co. as the Statutory Auditors of the Company. 7. Annual Closure of register of members and share transfer regisjter from 19'^ September, 2016 to 20'^ September, Appointment of M/s Ritesh Gupta & Co. as scrutinizer for e-voting in ensuing Annual General Meeting 9. Notice of 33"^ Annual General Meeting of the Company to be held on 29*'' September We request you to take on record the above said decision and disseminate the same on the website of stock exchange. Kindly note the same and acknowledge the receipt. Thanking you. Yours truly, FOR SAYAJI HOTELS UMITED COMPANY SECRETARY Admn. Office : H-1, Scheme No. 54, Vijay Nagar, INDORE Phone : Fax : Regd. Office: Sayaji Hotels Ltd., Kala Ghoda, BARODA Phone : , Fax : GIN : L51100GJ1982PLC mail@sayajiindore,com Website :

2 Shop No- 2,11 Floor. 'Parshwanath Dawa Bazar" 6, Hazareshwar Colony, Udaipur (0) % (M) E-mafi; kivyasca@yahoo,co,in Ref. No.: Date ; INDEPENDENT AUDITOR'S REPORT ON QUARTERLY FINANCIAL RESULTS AND CONSOLIDATED DATE RESULTS TO TH E BOARD OF DIRECTORS OF SAYAJI HOTELS LIMITED 1. We have audited the quarterly financial results of Sayaji Hotels Limited ("the Company") for the Quarter ended 31 March, 2016 and the Consolidated year to date results for the period from l" A rll, 2015 to 31''* March, 2016, ("the Statements"), attached herewith, being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI {Listing Obligations and Disclosure Requirements) Regulations, These quarterly financial results as well as the consolidated year to date results have been prepared on the basis of the related Annual Financial Statements, which are the responsibility of the Company's Management and have been approved by the Board of Directors. Our responsibility is to express an opinion on the statements, based on our audit of the related Annual Financial Statements, which have been prepared in accordance with the Accounting Standards notified under the Companies Act, 2013 ("the Act") and other accounting principles generally accepted in India. 2. We conducted our audit of the statement in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the Statement is free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and the disclosures in the statement. An audit also includes assessing the accounting principles used and the significant estimates made by the management, as well as evaluating the overall statement presentation. We believe that our audit provides a reasonable basis for our opinion. 3. Attention is invited to Note No. 3 of the statement regarding figures for the quarter ended 31^ March, 2016, being balancing figures between the audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the current financial year. 4. (i) We did not audit the financial statement of Two subsidiaries included in the consolidated year to date results, whose financial statement reflect total assets of Rs Lacs as at 31** March, 2016; as well as the total revenue of Rs Lacs as at 31*' March, These financial statement and other financial information have been audited by other auditors. (ii) The audited Consolidated year to date results also reflect the Company's share of profit after taxes, of an associate of Rs Lacs for the year ended 31^' March, 2016, whose financial statement and other financial information have been audited by other auditor. Accordingly our opinion on the Consolidated year to date results, to the extent they have been d?hved from such financial statements is based solely on the reports of such other auditors, which have been furnished to us by the Management.

3 Shop No. 2, il Fioor, "Parshwanath Dawa Bazar" 6, Hazareshwar Colony, Udaipur (0) % E-maif; klvyasca@yahoo.co.in Ref. No. ^ Date : 5. In our opinion and to the best of our information and according to the explanations given to us, the statements: i) include the year to date financial results of the following entities : a. Malwa Hospitality Private Limited (Subsidiary); b. Aries Hotels Private Limited (Subsidiary); c. Sayaji Housekeeping Services Limited (Subsidiary); and d. Barbeque-Nation Hospitality Limited (Associate). ii) are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in this regard; and iii) gives a true and fair view in conformity with the accounting principles generally accepted in India of the net profit and other financial information of the Company for the year ended 31" March, For K.L. Vyas & CompanVi Chartered Accountants DATE: 06/08/2016 Partner PLACE: INDORE M. No

4 FORMA (For audit report with unmodified opinion) - J.'iU ini^me of the Company: Sayaji Hotels Lfituted:, Annual Consolidated firiahdaf statements 31st March, 2Q16 for the year ended Type of Audit observation Unmbdifted Prequeflpy of pbserv^ieaj Not Applicable To be signed by- 3^ CEO/Managing Director SuchitraDhanani -' W^: ^ f- V..CFO- Sandesh Khandelvt^ '" 1 riy!/sk.l.vyas&gg^ * Audit Committee Chairman Mr. T. N. Unni if.-'-.af^i::;-.: -^^v-.'

5 SAYAJI HOTELS LTD. H-1, SCHEME NO. 54, VIJAY NAGAR, INDORE CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31st MARCH, 2016 Part I ANNEXURE I STANDALONE Particulars 3 months ended (31/03/2016) 3 months eiiijed (31/12/201S) Corresponding 3 Year to date Previo months ended in figures for current ended the previous period ended year (31/03/2016) (31/03/2015) (Refer Notes Below) (Audited) Unaudited (Audited) (Audited) (A 1. Income from Operations (a) Net Sales/Income from Operations (Net of excise duty) 4, , , (b)other Operating Income (34.94) Total iiicome from Operations (net) 4, , , , Expenses (a) Cost of Materials consumed 1, ,34 4, (b) Purchase of stock-in-trade (c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (d) Employee benefits expense , (e) Depreciation and amortisation expense Q6 1, , (f) Other expenses 1, , ,265,22 5, (i) Operating expenses 1, , , , (ii) Other expenses , Total Expenses 4^ , , , Profit / (Loss) from operations before other income, finance costs and exceptional items (1-2) (45.67) Other Income (16.67) ? Profit / (Loss) from ordinary activities before finance costs and exceptional items (3 + 4) * (42.00) 1, Finance Costs , Profit / (Loss) from ordinary activities after finance costs but before exceptional items (5-6) (38.20} 3S7.84 (296.05} (83.31} 8. Exceptional Items (10.83) 1, , Profit / (Loss) from ordinary activities before tax + 8^ (49.03) 1, (296.05) 1, Tax expense (364.13) (98.00) FOR SAYAJI HOTELS LIMITED^

6 Particulars J months ended 3 months ended Corresponding 3 Year to date Previo (31/03/2016) (31/12/2015) months ended in flgures for current ended the previous year period ended (31/03/2015) (31/03/2016) (Refer Notes Below) (Audited) Unaudited (Audited) (Audited) ( 11. Net Profit / (Loss) from ordinary activities after tax (9-10^ , (198.05) Extraordinary items (net of tax ' expense Lakhs) 13. Net Profit / (Loss) for the period (11+12) 315,10 1,041,79 (198.05) Share ofproflt/(loss) of associates NA NA NA NA 15, Minority Interest NA NA NA NA 16. Net Profit / (Loss) after taxes, minority interest and share of profit / (loss) of associates ( > 17. Paid-up equity share capital {Face Value of 10 each) 18. Reserve excluding Revaluation Reserves as per balance sheet of previous accounting year 19.i Earnings Per Share (before , (198,05) , , , , , extraordinary items) 10/-eachl tnnt anniialised^; (a) Basic ,95 (1.13) 4.92 (b) Diluted ,95 (1-13) ii Earnings Per Share (after extraordinary items) (of'10 /- each\t anniinli^rda: (a) Basic (1.13) 4.92 (b) Diluted (1.13) 4.92 See accompanyins note to the Financial Results Notes: 1) statutory Audit of the finanacial results for the quarter ended 31st March, 2016 has been carried out by the Auditors. The above results have been reviewed by the Audit Committee of the Board and taken on record. 2) During the period the Company was engaged in Hoteliering Segment only hence AS-17 is not applicable. 3) The figures of quarter ended are the balancing figures between the audited figures of the full financial year & published up to the nine months ended of the financial year. 4) On 30.05,2016 company has already published standalone audited results for the quarter & year ended on ) Previous period's figures have been regrouped wherever necessary to conform to the current period's presentation. Place: Indore For & on behalf of the Board o Date:

7 STANDALONE CONSOLIDATED Particulars As at 31st As at 31st As at 31 St As at 31 St March,20U March,2015 March,2016 March,2ai5 1. EQUITY AND LIABILITIES [1) Shareholders' Funds a, Share Capital 2, ,668,46 2,751,80 2,668.4^ b. Reserves & Surplus 7, ,518,13 8,343,67 7, Total Shareholder's Funds (i) 10, , , , (Ii) Non-current liabilities a. Long-term Borrowings 2, , , ,13 b. Other Long Term Liabilities 2,083,99 2, , c, Long-Term Provisions Total Non-Current Liabilities (II) 4, , , , (III) Current liabilities a, Short-Term Borrowings 4, ) b. Trade Payables 1, , l.ll c. Other Current Liabilities 3, , , , d, Short Term Provisions Totol Current Liabilities (Iii) 9, , , , Minority Interest , Grand Total (i+il+ili) 25, , , , II ASSETS (1) Non-Current Assets 0. Fixed Assets i) Tangible Assets ,835,60 15,326,97 16, ii) Intangible Assets 9,59 '7, iii) Capitol Work-in-Progress 3.318,80 516,45 4, , iv) Goodwiil on Consolidotion Total Fixed Assets 14, , , , b. Mon-Current Investments 2, , , , c. Deferred Tax Assets (net) 1,051, , d. Long-Term Loans ono Advances , e. Other Non-Current Assets ,39 3.A , , , Total Non-Current Assets (i) 20, , , , (II) Current Assets a. Inventories ], , , , b. Trade Receivables c. Cash ond Cash Equivalents d. Short-Term Loons and Advances 61 i , e. Other Current Assets , Total Current Assets (ii) 4, , , , Grand Total (l+li) 25, , , , FOR SAVAJl HOTELS UMITEB DIRECTOR

INDIA LIMITED CIN: L17119GJ1992PLC018073

ht INDIA LIMITED CIN: L17119GJ1992PLC018073 Date: 30/05/2018 To, Department of Corporate Services BSE Limited Phiroze Jeejeebhoy Towers, Dalai Street, FORT, Mumbai: 400 001 Scrip Code: 512477 SUB. OUTCOME