Velan Hotels Ltd — Important, 06-01-2026: Company Update

Velan Hotels received a penalty order from the Registrar of Companies for a 30-day delay in filing a statutory form (MGT-15) for the financial year 2021-22. This order also applies to the Managing Director, Executive Director, and CFO. The total penalty for the company is 0.0115 Cr, and 0.004 Cr each for the three officers. The company states there is no material financial or operational impact beyond these fines. Management will evaluate the order to decide on the appropriate course of action.