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 Ltd. has announced the publication of its financial results for the quarter in various newspapers. This disclosure is a crucial step for the company, ensuring it meets its public obligations to shareholders and the market. By making these results accessible, the company provides investors with timely and transparent...
Velan Hotels' Board has approved its financial results for the quarter. Auditors highlighted that operations remain suspended since March 2020, significantly impacting the company's ability to continue. Debt repayment is contingent on asset sales, and asset impairment tests tied to borrowings are pending. Statutory dues are also delayed; however, 0.28...
Velan Hotels announced a key compliance update regarding share dematerialization. The company, through its Registrar and Transfer Agent, confirmed that all physical shares received for conversion into electronic form were accurately processed. This includes their cancellation, verification, and timely updating of ownership records with the depositories. This regular process ensures...
Velan Hotels Ltd has announced a board meeting to discuss the financial results for the quarter and half-year ending March 31, 2025. The company has also published its audited financial results in prominent English and Tamil newspapers, making the data accessible to shareholders and stakeholders. This reinforces Velan Hotels' commitment...
Velan Hotels Ltd has announced a board meeting approving revisions to its Code of Fair Disclosure of Unpublished Price Sensitive Information (UPSI), the Code of Conduct to regulate, monitor, and report trading by insiders, and a policy for inquiry in case of leak or suspected leak of UPSI. These updates...
