Publication of Un-audited financial results for the quarter ended 30th June 2025 in News papers
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Awaiting price reaction for this filing.
Velan Hotels has published its Q1 FY26 (quarter ended 30 June 2025) unaudited standalone results in 'Afternoon' (English) and 'Pirpagal' (Tamil) newspapers, as required under SEBI Listing Regulations. Revenue from operations was just Rs. 2.83 lakhs, slightly up from Rs. 0.18 lakhs in the same quarter last year. The company reported a net loss of Rs. 44.22 lakhs, wider than the Rs. 22.20 lakh loss in Q1 FY25. Basic and diluted EPS stood at Rs. (0.14) versus Rs. (0.07) a year ago. Equity share capital remains Rs. 3,196.41 lakhs while reserves continue to be deeply negative at Rs. (4,532.00) lakhs.
This is a compliance disclosure — the underlying quarterly results were already filed with the exchange. However, the figures themselves are concerning for shareholders: revenue is negligible, losses are widening year-on-year, and accumulated reserves are deeply negative, signalling significant erosion of net worth. Investors should view this as a red flag on the company's financial health and operational scale.