Attached the results of Postal Ballot and Scrutinizer''s report
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.5 pts less than Nifty Microcap 250 and 3.9 pts less than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Velan Hotels Ltd sought shareholder approval through a postal ballot (remote e-voting) for two special resolutions related to the sale of company assets under Section 180(1)(a) of the Companies Act, 2013. Both resolutions were passed with overwhelming majority: Resolution 1 received 99.99% votes in favour (2.47 crore shares for, 1,915 against), and Resolution 2 received 99.77% votes in favour (8.39 lakh shares for, 1,977 against). For Resolution 2, promoters and promoter group abstained from voting as they are interested/related parties under Section 188(1)(a). The e-voting was conducted from January 21 to February 19, 2026, with 8,776 shareholders on the record date. The Scrutinizer, CS S. Ganesh Viswanathan, confirmed both special resolutions were passed with the requisite majority.
The approval enables the company to proceed with selling its assets, which could significantly reshape its operations and balance sheet. Shareholders should watch for further disclosures on the asset sale details (buyer, price, and nature of assets), as this may materially impact the company's future business and stock price.