The 35th AGM Notice alongwith Annual Report for f.y. 2024-25

Velan Hotels Limited has filed its 35th Annual General Meeting (AGM) notice along with the Annual Report for FY 2024-25. The AGM is scheduled for Saturday, September 27, 2025 at 11:45 a.m. via video conferencing. The company last declared a dividend in FY 2010-11 and has paid none since. Key resolutions to be voted on include: adoption of FY25 financial statements; re-appointment of Executive Director Mr. M.R. Gautham and Director Mrs. M. Sasikala (retiring by rotation); re-appointment of Mr. M.R. Gautham as Executive Director for one year from August 9, 2025; approval of related party transactions for FY 2025-26 and 2026-27; purchase of land in Tirupur (7,840 sq ft) from related parties Mr. E.V. Muthukumara Ramalingam and Mrs. M. Sasikala at the Tamil Nadu government guideline value (currently Rs. 3,850 per sq ft); sale of land to related parties or other buyers; appointment of Mrs. Sumathi Rajendran as Secretarial Auditor for five years (till 2030); re-appointment of Mr. Nagaraj Saveethkumar as Independent Director for a second term of five years (March 2026 to March 2031); and alteration of the company's Main Objects to add software development, IT services, AI, and outsourcing as new business activities.