Audited Financial Statements alongwith Auditors Report for the quarter and year ended 31st March 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Velan Hotels Ltd reported a net loss of Rs 850.04 lakhs for FY2026, compared to a loss of Rs 1,280.67 lakhs in FY2025, showing a 33.6% improvement in losses year-on-year. Total income dropped significantly to Rs 0.18 lakhs from Rs 3.55 lakhs, as the company suspended all revenue-generating operations since March 2020 due to COVID-19. The company's net worth has been severely eroded, standing at negative Rs 1,585.68 lakhs, indicating negative equity. During the year, the company fully repaid Rs 18.43 crore to its Asset Reconstruction Company (ARC), completing full repayment of the Rs 115.96 crore one-time settlement. The company is exploring options to sell remaining assets to settle liabilities. Statutory dues delays continue for GST, VAT, and TDS.
The company faces severe financial distress with negative net worth and ongoing going concern doubts raised by auditors. Despite improved loss figures and full debt repayment to ARC, the stock remains high-risk due to suspended operations, negative equity, and auditor qualifications regarding the company's ability to continue as a going concern.