Velan Hotels Ltd provides Hospitality Services including running of restaurants with barBusiness Overview: Company operates 2 hotels and 4 standalone restaurants, and is also investing in a renewable biofuel power plant
Velan Hotels Limited has announced the upcoming 36th Annual General Meeting (AGM). The company has published the notice of the AGM, along with e-voting instructions and book closure details, in the newspapers. The Annual Report for the financial year 2025-26 has also been dispatched to shareholders.
Velan Hotels Limited has published its financial results for the quarter ended 30th June 2026 in the newspapers "Afternoon - English" and "Pirpagal - Tamil". This public disclosure provides stakeholders with crucial access to the company's latest financial performance, demonstrating a commitment to transparency.
Velan Hotels' board re-appointed Mr. E.V. Muthukumara Ramalingam as Managing Director and Mr. M.R. Gautham as Executive Director, each for a further three-year term. These re-appointments, ensuring leadership continuity, are subject to shareholder approval at the upcoming Annual General Meeting and will be without managerial remuneration. Mr. Gautham is the...
Velan Hotels Limited has confirmed its compliance with securities dematerialization procedures for the quarter ended June 30, 2026. Based on confirmation from its Registrar and Transfer Agent, the company certified that physical securities received for dematerialization were duly processed, cancelled, and converted to electronic form. The depositories were recorded as...
Velan Hotels has completed the sale of its hotel property in Tirupur to M/s.J.P.Associates Asia Pacific Private Ltd, a non-related party. The sale was finalized after necessary rectifications in the property's land register. The company received a sale consideration of Rs. 37.16 crore, paid in multiple tranches after applicable TDS...
