Velan Hotels has informed that with the recommendation of Nomination of Remuneration Committee, the Board of Directors of the Company at its meeting held on June 29, 2015, has re-appointed E.V. Muthukumara Ramalingam as Managing Director for the further period of three years without remuneration with effect from June 29, 2015.
The above information is a part of company’s filings submitted to BSE.