35th AGM Voting Results alongwith Scrutinizer Report
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Velan Hotels Ltd held its 35th Annual General Meeting on September 27, 2025 via video conferencing. All 10 resolutions were passed, including adoption of FY25 financial statements, re-appointment of directors Mr. M.R. Gautham and Mrs. M. Sasikala, appointment of a Secretarial Auditor, re-appointment of Independent Director Mr. Nagaraj Saveethkumar for a second term, approval of related party transactions, sale of company assets to related parties/willing purchasers, and alteration of the Main Objects of the Memorandum of Association. Promoters (holding about 75% stake, i.e., 23.97 lakh shares out of 31.96 lakh total) abstained from voting on three related-party resolutions (Items 4, 7, and 8) as required under SEBI LODR rules. Public shareholder participation on these RPT resolutions was very low — only about 6.59 lakh shares voted, roughly 2% of outstanding shares. All resolutions passed with over 99.9% in favour.
Routine clean AGM with all items cleared, no governance red flags. However, minority shareholders should monitor the asset sale to related parties (Resolution 8, a special resolution) for fairness of terms and pricing, since public turnout on this resolution was thin.