Velan Hotels Ltd — Important, 06-12-2025: Company Update

The company has received a Show Cause Notice from the Registrar of Companies (ROC) – Tamilnadu, Coimbatore, also served to its Directors, concerning a 30-day delay in filing a statutory e-Form for the Annual General Meeting held on September 29, 2022. The ROC has proposed penalties of 1.15 lakh rupees on the company and 0.40 lakh rupees each on the officers-in-default. The company plans to file an appropriate response within the prescribed timelines. This aims to address the notice and potentially avoid these financial penalties, impacting the company's compliance and financial position.