Velan Hotels Ltd — Important, 02-03-2026: Company Update

Velan Hotels Limited has announced a litigation update regarding a demand from the Assistant Commissioner (ST) for Entry Tax, penalty, and interest related to an Audi Q7 imported by the company in 2006. The total demand amounts to approximately Rs. 0.29 Cr, comprising Rs. 0.04 Cr for tax, Rs. 0.04 Cr for penalty, and Rs. 0.20 Cr for interest. The company has filed a writ petition at the Madras High Court, asserting that this claim, issued nearly two decades after the vehicle's entry, is not maintainable. This ongoing legal dispute represents a potential financial liability for the company.