Velan Hotels Declares Unaudited Q1 FY27 Results

Velan Hotels Ltd announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved the results and the Limited Review Report issued by M/s. Krishaan & Co. The company has been actively settling its debts with RARE Asset Reconstruction Limited, having fully repaid the loan and obtained a 'No Due Certificate' as of the results date. This repayment involved Rs. 100.76 crores remitted up to March 31, 2026, and an additional Rs. 15.19 crore during the quarter from the advance received on the sale of a hotel in Tiruppur. The company also reported settling past statutory liabilities, with ongoing disputes pending before authorities for certain dues.