Velan Hotels Ltd — Updates, 30-05-2025: Company Update

Velan Hotels Ltd has announced a board meeting approving revisions to its Code of Fair Disclosure of Unpublished Price Sensitive Information (UPSI), the Code of Conduct to regulate, monitor, and report trading by insiders, and a policy for inquiry in case of leak or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 strengthen internal controls to ensure timely, uniform, and fair disclosure of price-sensitive information while preventing misuse by insiders. The Compliance Officer serves as Chief Investor Relations Officer overseeing dissemination and monitoring. The policy establishes clear procedures for handling, sharing, and investigating UPSI leaks, with disciplinary actions for violations, aimed at maintaining investor confidence and regulatory compliance.