Velan Hotels Ltd — Important, 16-06-2026: Company Update

Velan Hotels provided an update on the sale of its hotel properties to M/s.J.P.Associates Asia Pacific Private Ltd. The registration process, which was previously due, encountered a delay because a key person from the buyer's side was unavailable due to an urgent assignment. However, the existing agreement provides a 10-day grace period for completion. The company expects the sale registration to be finalized within this extended timeframe, ensuring the significant asset sale remains on track despite the temporary hold-up.