Quarterly Result22 May 2026, 06:01 pm
Velan Hotels Audited Results: Net Sales at ₹0.18 Cr for FY26
AI Summary
Velan Hotels Ltd announced audited financial results for the quarter and year ended March 31, 2026. Key highlights include net sales of ₹0.18 Cr for the financial year, and a total comprehensive loss of ₹3,196.41 Cr. The Board also approved the re-appointment of M/s.N.Sathiamoorthy & Associates as Internal Auditors for FY 2026-27. The company has suspended revenue-generating operations since March 24, 2020, and is exploring the sale of assets to settle liabilities, impacting its ability to continue as a going concern.
Key Highlights
- Net sales (net of duties)/Income from operations for FY26 stood at ₹0.18 Cr.
- Total comprehensive loss for the period is ₹3,196.41 Cr.
- M/s.N.Sathiamoorthy & Associates re-appointed as Internal Auditors for FY 2026-27.
- Company exploring options to sell assets to settle liabilities.
- Operations suspended since March 24, 2020, impacting going concern status.
Price Impact
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