Sayaji Hotels Limited approved the proposal for the appointment of Mr. Saquib Salim Agboatwala as an Additional Non-Executive - Independent Director of the Company to hold the office till the conclusion of up coming Annual General Meeting of the Company. Mr. Saquib Salim Agboatwala is a Chartered Accountant and Quality Control Auditor ­ certified by Bureau Veritas Quality International (BVQI). Initially, Mr. Agboatwala worked as an accountant in Ernst & Young from Dec.

1994 to June 1996. He also served as President of the Jeddah Chapter of the Institute of Chartered Accountants of India and member of Saudi India Business Forum. From July 1996 to Sept 2000, Mr. Agboatwala worked as Finance Manager & Quality Management Representative in Arabian Computer Projects Company Limited (formerly a division of IBM Saudi Arabia).

Subsequently, he worked as Senior Financial Officer during the period of October 2000 to June 2008 in Heidelberg Middle East Group of Companies (HDMEG) in Jeddah, Saudi Arabia. Lastly, he worked as Senior Finance Manager in Acwa Power (Dubai, UAE) from July 2010 to May 2011. Right now he has working in his own firm ?Oasis Consulting" which has two offices one in Mumbai and another one in Dubai.

Oasis is serving as a Consultant and Business Advisors to their clients in India as well in overseas.