VELAN HOTELS : AUDITOR FLAGS GOING CONCERN UNCERTAINTY

• Statutory auditor Krishaan & Co. issued limited review report on unaudited standalone results for quarter ended 30 September 2026 • Company had suspended all operations with effect from March 24, 2020 • Net worth has been eroded, indicating material uncertainty on the company's ability to continue as a going concern • Ability to repay debts depends on quantum of realisation from sale of assets • Adjustments on account of such asset sale not ascertainable at this juncture, per auditor

Velan Hotels Ltd

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