BSEVelan Hotels LtdMediumNeutral
Announced Thu, 28 Aug · 20:45 IST

Fixing the date of 35th AGM and re-appointment of Independent Director

Management Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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Awaiting price reaction for this filing.

AI summary

Velan Hotels has fixed Saturday, September 27, 2025 at 11:45 a.m. as the date and time for its 35th Annual General Meeting, to be held via video conferencing. The Annual Report for FY 2024-25, including financial statements and auditor's report, will be sent to members electronically. Additionally, the Board has approved the re-appointment of Mr. Nagaraj Saveethkumar (DIN: 09130676) as Independent Director for a second five-year term effective March 31, 2026, subject to shareholder approval at the upcoming AGM. Mr. Nagaraj is a Chartered Accountant with expertise in auditing, finance, taxation, and valuations, and is not debarred from holding director positions by any authority.

Likely market impact

This is a routine corporate announcement with no material impact on shareholders. The AGM date allows investors to prepare for voting, and the re-appointment of an existing independent director ensures board continuity without any governance concerns.