Velan Hotels Ltd — Important, 25-06-2026: Company Update

Velan Hotels announced a delay in registering the sale of its hotel property to M/s.J.P.Associates Asia Pacific Private Ltd. The postponement is due to incorrect survey numbers found in the Town Survey Land Register (TSLR) sketch during document scrutiny, despite the TSLR itself being accurate. The company is engaged with government authorities to rectify these details. This rectification is anticipated by June 30, pushing the property sale's final registration to the first week of July. This impacts the timeline for completing a previously announced asset divestment.