Velan Hotels Ltd — Important, 03-07-2026: Company Update

Velan Hotels has completed the sale of its hotel property in Tirupur to M/s.J.P.Associates Asia Pacific Private Ltd, a non-related party. The sale was finalized after necessary rectifications in the property's land register. The company received a sale consideration of Rs. 37.16 crore, paid in multiple tranches after applicable TDS deductions. This completion marks a significant asset divestment for Velan Hotels, impacting its balance sheet and operational focus.