Velan Hotels Ltd — Important, 31-01-2026: Company Update

Velan Hotels received an order from a tax authority in Tirupur demanding payment of Entry Tax, penalty, and interest totaling Rs. 0.28 Crore. This relates to an Audi car imported in 2006, for which entry tax was allegedly not paid. The company disputes the demand, assessing it as not maintainable, and is evaluating all options, including filing an appeal against the order. Management believes there is no material financial or operational impact beyond the demanded amount.