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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 the company's share registry is meticulously maintained, providing secure and verifiable digital ownership for investors, and confirms that these dematerialized shares continue to be properly listed on stock exchanges.