E.V.Muthukumara Ramalingam (the "Seller") being a part of the promoter group of Velan Hotels Ltd (the "Company"), proposes to sell 16,44,791 Equity shares of face value of Rs. 10 (Ten) each representing 5.15% of the total paid-up equity share capital of the Company on Wednesday, March 06, 2024 ("T day") (for Non-Retail Investors (as defined below) only) and on Thursday, March 07, 2024 ("T+1 day") (for Retail Investors (as defined below) and Non-Retail Investors, who choose to carry forward their un-allotted bids from T day) through a sale on the separate window provided by BSE Limited (the "Sale or Offer").- Date and time of the opening and closing of the Offer : The Sale shall take place on separate window of the Stock Exchange over two trading days, as provided below:For Non-Retail Investors (as defined below): Wednesday, March 06, 2024 ("T day")The Sale shall take place during trading hours on a separate window of the Stock Exchange on T day i.e., Wednesday, March 06, 2024, commencing at 9:15 a.m. and shall close on the same date at 3:30 p.m. (Indian Standard Time).Only Non-Retail Investors shall be allowed to place their bids on T day, i.e. Wednesday, March 06, 2024.While placing their bids, the Non-Retail Investors may indicate their willingness to carry forward their un-allotted bids to T+1 day for allocation to them in the unsubscribed portion of Retail Category (defined below)Those investors other than Retail Investors ("Non-Retail Investors") who have placed their bids on T day and have chosen to carry forward their un-allocated bids to...