Velan Hotels
6.99
+0.29(+4.33%)
Market Cap₹22.30 Cr
PE Ratio-
Company Performance:
1D+4.33%
1M+43.83%
6M+24.82%
1Y+12.56%
5Y+191.25%
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Latest news about Velan Hotels
Velan Hotels Reports Q1 FY2026 Results, Reappoints Executive Director Amid Ongoing Operational Suspension Aug 09, 2025
Velan Hotels Limited released Q1 FY2026 results, showing no revenue and a net loss of Rs. 11.90 crore due to suspended operations since March 2020. The company is relying on asset sales for debt repayment and has made partial payments towards statutory dues. M.R. Gautham was reappointed as Executive Director without remuneration. Auditors raised concerns about the company's ability to continue as a going concern.