Velan Hotels Ltd — Important, 28-05-2026: Company Update

Velan Hotels has filed its Annual Secretarial Compliance Report for the financial year ended March 31, 2026, confirming compliance with SEBI Regulations during this period. The report highlighted that the company has now fully resolved its past non-compliance with Minimum Public Shareholding (MPS) norms. This involved paying fines of Rs. 0.11 Cr and Rs. 0.10 Cr levied by BSE Ltd. The company achieved MPS compliance in March 2024 and currently has no pending fines. It also noted the company's commercial operations remain halted since March 2020.