Quarterly Result22 May 2026, 06:02 pm
Velan Hotels Reports Net Sales of ₹0.18 Cr for FY26
AI Summary
Velan Hotels Ltd announced its audited financial results for the quarter and year ended March 31, 2026. Key highlights include net sales of ₹0.18 crore for the year ended March 31, 2026. The company's operations have been suspended since March 24, 2020, and it is exploring options to sell assets to settle liabilities. The Board also approved the re-appointment of M/s.N.Sathiamoorthy & Associates as the Internal Auditors for FY 2026-27.
Key Highlights
- Velan Hotels' Board approved audited financial results for FY26 on May 22, 2026.
- Net sales for the year ended March 31, 2026, stood at ₹0.18 crore.
- The company is exploring selling assets to settle liabilities due to suspended operations since March 2020.
- M/s.N.Sathiamoorthy & Associates re-appointed as Internal Auditors for FY 2026-27.
- The company reported a total comprehensive income for the period.
Price Impact
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