Velan Hotels Limited Announces Reconstitution of Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee

The board of directors of Velan Hotels Limited meeting held on September 15, 2023, approved and reconstituted the Audit Committee, Stakeholders Relationship Committee and Nomination & Remuneration Committee as follows: As per Regulation 18 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, the Audit Committee has been reconstituted by appointing Mr. Nagaraj Saveethkumar, a Member of the Committee as the Chairman of the Committee in place of Mr. P. Ganesan. Post reconstitution, the composition of the Audit Committee shall be as follows: Mr. Nagaraj Saveethkumar as Chairman; Mr. P.Ganesan, Mr. S.P.Sivanandam and Mrs. M. Sasikala as members. As per Regulation 19 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, the Nomination and Remuneration Committee has been reconstituted by appointing Mr.Nagaraj Saveethkumar, a Member of the Committee as the Chairman of the Committee in place of Mr.S.P.Sivanandam.

Post reconstitution, the composition of the Nomination and Remuneration Committee shall be as follows: Mr. Nagaraj Saveethkumar as Chairman; Mr. P.Ganesan, Mr. S.P.Sivanandam and Mrs. M.Sasikala as members. As per Regulation 20 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, the Stakeholders Relationship Committee has been reconstituted by appointing Mr. Nagaraj Saveethkumar, a Member of the Committee as the Chairman of the Committee in place of Mr. P.Ganesan. Post reconstitution, the composition of the Stakeholders Relationship Committee shall be as follows: Mr. Nagaraj Saveethkumar as Chairman; Mr. P.Ganesan, Mr. S.P.Sivanandam and Mr. E.V.Muthukumara Ramalingam as members.