Annual Secretarial Compliance Report for f.y.2025-26 is attached
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Velan Hotels Ltd has filed its Annual Secretarial Compliance Report for FY 2025-26, certified by Practicing Company Secretary S. Ganesh Viswanathan. The report confirms the company complied with all SEBI regulations during the review period with no violations found. The company halted all commercial operations since March 2020 and has not resumed yet, with only related party loans (from Directors/Associate Company) handled during the year. Past non-compliance with Minimum Public Shareholding (MPS) norms was resolved during March 2024, with fines totaling Rs. 21,00,400 (levied for Dec 2023 and March 2024 quarters) fully paid by November 2024. The company has no subsidiaries, no disqualified directors, and no pending SEBI/BSE actions during 2025-26.
Clean compliance report is positive for governance. However, the company remains non-operational since 2020, which raises concerns about business viability despite regulatory compliance.