Velan Hotels Limited has received an adjudication order from the Registrar of Companies (ROC) Tamil Nadu, Coimbatore, imposing penalties under Section 454 of the Companies Act 2013. The order, received on January 6, 2026, relates to delays in regulatory filing compliance for the financial year 2021-22.

Penalty Details and Violations

The penalty stems from a 30-day delay in filing e-Form MGT-15 for the Annual General Meeting held on September 29, 2022, for financial year 2021-22. The company disclosed this development under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, continuing its earlier disclosures dated November 2, 2025, and December 6, 2025.

The following table outlines the penalty structure:

Regulatory Action Details

The adjudication order was issued by the ROC Tamil Nadu, Coimbatore, and served on both the company and its officers-in-default. According to the company's disclosure, the Managing Director, Executive Director, and CFO also received the same order. The order was communicated via email on January 6, 2026.

Financial and Operational Impact

Velan Hotels Limited has assessed that there is no material impact on its financial, operational, or other activities beyond the monetary penalties imposed. The company specifically stated that the impact is limited to the penalty amounts of ₹1.15 lakh for the company and ₹40,000 each for the officers-in-default.

Company's Response and Future Action

The company and its officers-in-default will evaluate the adjudication order to determine the appropriate course of action going forward. This indicates the company may consider options such as compliance with the order or potential appeals, though no specific timeline or decision has been disclosed.

The disclosure was made in compliance with SEBI Circular No. SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated July 13, 2023, demonstrating the company's commitment to maintaining transparency with stakeholders regarding regulatory matters.

Velan Hotels Limited , a hospitality company based in Tirupur, Tamil Nadu, has reported a significant increase in net losses for the quarter ended September 30, 2025. The company's financial situation continues to be challenging as it grapples with suspended operations and explores asset sale options.

Financial Performance

The unaudited financial results for the quarter reveal a concerning trend:

The net loss has more than doubled compared to the same period last year, indicating a deterioration in the company's financial health.

Operational Challenges

Velan Hotels has faced significant operational hurdles:

• All revenue operations have been suspended since March 2020
• The company is actively exploring options to sell assets
• The ability to continue as a going concern is dependent on successful asset sales and debt settlement

Corporate Actions

As per the LODR (Listing Obligations and Disclosure Requirements) data:

• The Board of Directors met on November 14, 2025, to approve the unaudited financial results
• M/s. Krishaan & Co., the statutory auditor, issued a Limited Review Report for the quarter
• The board meeting lasted from 10:15 a.m. to 4:15 p.m., suggesting detailed discussions on the company's future

Looking Ahead

Velan Hotels' focus appears to be on financial restructuring through asset sales. The success of these efforts will be crucial for the company to address its liabilities and potentially resume operations in the future.

Investors and stakeholders should closely monitor the company's progress in asset divestment and debt settlement, as these factors will likely determine the viability of Velan Hotels as a going concern.