Velan Hotels Limited passed all nine resolutions proposed at its 36th Annual General Meeting held on September 30, 2026. The meeting, conducted through video conferencing, saw the adoption of financial statements and the reappointment of key directors.

The company’s board approved the balance sheet, profit and loss statement, and cash flow statement for the year ended March 31, 2026. Additionally, shareholders voted to reappoint M.R. Gautham as Executive Director and E.V. Muthukumara Ramalingam as Managing Director. Both reappointments received overwhelming support from the voting base.

Voting participation and outcomes

A total of 8,565 shareholders were on the record date of September 23, 2026. Voting was conducted electronically, with promoters and public shareholders participating via e-voting facilities provided by Central Depository Services (India) Limited. No shareholders attended physically or through proxies; participation was entirely digital.

Related party transactions and asset sale

Resolutions four through seven involved approvals for related party transactions (RPTs). These included dealings with Managing Director E.V. Muthukumara Ramalingam, Executive Director M.R. Gautham, and promoter group company Shree Vallee Enterprises Private Limited. A special resolution was also passed to allow the sale of company assets to related parties or willing purchasers.

In compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, promoters and interested parties abstained from voting on these specific resolutions. Consequently, the voting results for these items reflect only the votes cast by uninterested public shareholders.

What the numbers show

The voting data reveals a stark divergence in participation based on interest. For non-related party resolutions, such as the adoption of financials and director reappointments, the total votes polled were 24,008,349, representing 75.11% of outstanding shares. In contrast, for related party transactions where promoters abstained, the total votes polled dropped to 801,136, or just 2.51% of outstanding shares.

This indicates that public shareholder engagement is significantly lower when promoter groups are excluded from voting. Despite the low absolute number of votes in RPT resolutions, the margin of approval remained high at 99.78% in favour, suggesting that the small pool of participating public shareholders largely supported the management's proposals.

Velan Hotels has fixed September 30, 2026, as the record date for determining shareholders eligible to attend its 36th Annual General Meeting. The company will close its share transfer books from September 24 to September 30, 2026, inclusive.

The firm disclosed these dates in a filing with the BSE Limited on September 21, 2026. Executive Director Gautham Muthukumara Ramalingam signed the notice.

Key Dates and Details

The company stated that while this disclosure is not mandatory under Regulation 42(1) of the Listing Regulations, it is being provided voluntarily for informational purposes. The AGM is scheduled to take place on September 30, 2026.