Velan Hotels Ltd

Results & review status

• Board approves standalone unaudited results for quarter ended 30 June 2026; Limited Review Report issued.
• Independent auditor's review notes suspended operations since 24 March 2020; going concern impacted; asset-sale adjustments not ascertainable.
• Note 5: Provident Fund, Sales Tax and TDS dues paid Rs 27.95 Lacs; GST remitted Rs 22.02 Lacs.
• During period, Rs 4.76 Lacs paid toward Provident Fund and Rs 2.32 Lacs toward TDS interest.
• All known statutory liabilities paid except pending disputes before authorities.
• Board meeting held 12 August 2026; 11:00 am to 3:30 pm; results taken on record.

Dematerialisation status

• Dematerialisation requests received during quarter ended 30 June 2026 were processed.
• Securities received for dematerialisation were confirmed to the depositories (accepted/rejected).
• Physical certificates for dematerialisation were mutilated and cancelled after verification.
• Depository name substituted as registered owner within 15 days and records updated.
• Securities dematerialised are listed on the stock exchanges where the original securities are listed.

Transaction details

• Sale of Tirupur hotel property completed; registration finalized on 02/07/2026.
• Sale consideration fixed at Rs 37,16,02,048, subject to TDS.
• Buyer is M/s J.P. Associates Asia Pacific Private Ltd, Coimbatore; non-related party.
• Amount received in tranches; TDS deductions to be processed.
• This updates previous disclosures on sale per Regulation 30; completion now confirmed.

Meeting Details

• Board meeting scheduled for May 15, 2026.

Key Agenda Items

• Consideration of audited financial results.

Other Notes

• No additional material items disclosed in this chunk.