Quarterly Result26 Oct 2026, 04:50 pm
Velan Hotels declares unaudited Q2 FY27 results
AI Summary
Velan Hotels Limited announced its unaudited standalone financial results for the quarter and six months ended September 30, 2026. The Board of Directors met today to approve these results. The company has suspended revenue-generating operations since March 24, 2020, and is exploring asset sales to settle liabilities. The company has fully repaid its loan to RARE Asset Reconstruction Limited, obtaining a 'No due Certificate'.
Key Highlights
- Unaudited standalone financial results for Q2 FY27 declared.
- Board meeting held to approve financial results.
- Company operations suspended since March 2020.
- Exploring asset sales to settle liabilities.
- Loan fully repaid to ARC; 'No due Certificate' obtained.
Price Impact
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