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

Velan Hotels Ltd's shareholders have approved a significant expansion of its business scope. At the Annual General Meeting, an alteration to the Memorandum of Association was passed, adding new main object clauses. This includes venturing into software designing, development, customization, implementation, maintenance, testing, benchmarking, and dealing in various software and Artificial Intelligence solutions, as well as providing outsourcing services. This strategic move diversifies the company's operations into the technology and services sector, potentially opening new growth avenues.