Velan Hotels Ltd — Important, 27-09-2025: Company Update

Velan Hotels Ltd held its 35th Annual General Meeting, where Mr. M.R.Gautham was elected Chairman for the session. Shareholders adopted the financial results for the year ended March 31, 2025, noting the Statutory Auditor's observations. Key resolutions passed included the re-appointment of directors, approval for entering into related party transactions, and authorization for the sale of company assets to related parties or willing purchasers. Additionally, shareholders approved the alteration of the company's Main Objects in its Memorandum of Association and appointed a Secretarial Auditor. This AGM addressed crucial governance and strategic decisions for the company.