Velan Hotels Limited has scheduled a board meeting to review its quarterly financial performance, marking an important milestone in its corporate governance calendar.

Board Meeting Details

The company has formally notified BSE Limited about the upcoming board meeting through a regulatory filing dated January 23, 2026. The meeting specifics are outlined in the following table:

Regulatory Compliance

The board meeting notice has been issued in accordance with Regulation 29(1)(a) of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. This regulatory framework mandates listed companies to provide advance notice of board meetings where financial results will be considered.

Velan Hotels has already implemented necessary compliance measures regarding insider trading regulations. The company has disclosed to BSE Limited about the closure of the trading window, as required under its Code of Conduct adopted pursuant to SEBI (Prohibition of Insider Trading) Regulation, 2015.

Corporate Information

Velan Hotels Limited operates from its registered office located at 41, Kangayam Road, Tirupur - 641 604, with its place of business at SF No: 36 & Door No.41 E & F, K.G.Pudur, Kangayam Road, Tirupur. The company's communication details include telephone number +91-0421-431 1111 and email accounts@velanhotels.com .

The meeting notice was signed by E.V. Muthukumara Ramalingam, Chairman & Managing Director, with digital signature authentication completed on January 24, 2026. The upcoming board meeting represents a routine but significant corporate governance activity as the company prepares to disclose its third-quarter financial performance to stakeholders and regulatory authorities.

Velan Hotels Limited has entered into an asset sale agreement with J.P.Associates Asia Pacific Private Ltd for the disposal of its hotel properties, as disclosed under Regulation 30 of SEBI regulations on January 13, 2026. The transaction marks a significant step in the company's asset restructuring process.

Transaction Details

The asset sale agreement was executed on January 13, 2026, between Velan Hotels Limited and J.P.Associates Asia Pacific Private Ltd, a Coimbatore-based entity. The buyer is confirmed to be a non-related party with no connection to the promoter, promoter group, or group companies of Velan Hotels.

Property Status and ARC Involvement

The hotel properties subject to the sale are currently under the symbolic possession of RARE Asset Reconstruction Limited (ARC). The transaction has been structured with the consent of the ARC, and a portion of the sale proceeds will be utilized to settle the company's remaining dues as per the One-Time Settlement (OTS) agreement with RARE Asset Reconstruction Limited.

The hotel properties have not generated any turnover, revenue, or income since March 2020, indicating their non-operational status during this period.

Regulatory Compliance and Approvals

The transaction falls outside the scheme of arrangement and does not qualify as a related party transaction. As per regulatory requirements, Velan Hotels Limited is in the process of obtaining shareholder approval for the proposed sale through either a postal ballot or Extraordinary General Meeting (EGM), as determined by the Board of Directors.

Financial Impact

The company has already received ₹5.00 crores as advance money from the buyer. This transaction is expected to help Velan Hotels Limited address its financial obligations, particularly the settlement of dues with the Asset Reconstruction Company through the agreed One-Time Settlement mechanism.

The company has committed to providing regular updates on material developments related to this transaction until the event is resolved or closed, ensuring transparency for stakeholders and regulatory compliance.