Valiant Organics Limited has announced the commencement of remote e-voting for its postal ballot process. The company has informed that the remote e-voting facility will be available to members starting Saturday, May 23, 2026, at 9:00 a.m. IST. The voting process will conclude on Sunday, June 21, 2026, at 5:00 p.m. IST, after which the facility will be blocked by NSDL.

The postal ballot notice was dispatched electronically on Friday, May 22, 2026, to members who had registered their email addresses with the company, Registrar and Transfer Agent (RTA), or depository participants as of the cut-off date of Friday, May 15, 2026. Consequently, physical notices will not be dispatched for this process. The company has engaged the services of National Securities Depository Limited (NSDL) to facilitate secure electronic voting.

E-Voting Schedule

The schedule for the remote e-voting process is outlined below:

Members holding shares in either physical or electronic form as of the cut-off date are eligible to cast their votes. Once a vote is cast on a resolution, it cannot be changed subsequently. The company has requested members to record their assent or dissent through the remote e-voting process before the deadline.

Results and Scrutinizer Appointment

The Board of Directors has appointed CS Ronak Kalathia and CS Monali Bhandari, partners of M/s. Mehta and Mehta, as scrutinizers to conduct the postal ballot. The results of the postal ballot, along with the scrutinizer's report, are scheduled to be announced on or before Tuesday, June 23, 2026. These results will be displayed at the company's registered office and hosted on its website, as well as communicated to the BSE and NSE stock exchanges.

The postal ballot notice and detailed instructions for e-voting are available on the company's website, the websites of BSE and NSE, and the NSDL e-voting portal. Members with queries regarding the electronic voting process have been directed to contact NSDL via the provided email and helpline numbers.

Valiant Organics Limited has issued a corrigendum to clarify the settlement terms for its proposed material related party transaction involving Dhanvallabh Ventures LLP (DVLLP). The company is ceasing its partnership in DVLLP and acquiring a 34.26% stake in Valiant Laboratories Limited. The board initially approved the proposal on May 19, 2026, involving the transfer of 1,86,07,531 equity shares by DVLLP to settle the amount attributable to the company.

The corrigendum dated May 22, 2026, specifies that the settlement amount will be discharged through the transfer of equity shares and a cash payment. Valiant Organics will pay a sum of Rs. 6,34,34,544 (inclusive of taxes) to DVLLP towards the adjustment of its proportionate capital contribution upon cessation. This payment is in addition to the 1,86,07,531 equity shares of Valiant Laboratories Limited being transferred to Valiant Organics.

Financials of DVLLP

The disclosure details the financial contribution of DVLLP for the fiscal year 2026 relative to the consolidated financials of Valiant Organics.

Transaction and Valuation Details

The board determined the transaction is at fair market value on an arm's length basis, supported by a valuation report from GBCA & Associates LLP. The acquisition is exempt from making an open offer under SEBI takeover regulations. The volume weighted average market price (VWAP) for the 60 trading days preceding the notice is Rs. 62.71 per equity share.

Shareholding Pattern

Following the transaction, DVLLP will reduce its holding in Valiant Laboratories Limited from 46.84% to 12.58%, while Valiant Organics will emerge as a major shareholder with a 34.26% stake.

The transaction is subject to requisite approvals, including prior shareholder consent via special resolution. The definitive documents are expected to be finalized upon receipt of all necessary approvals, with completion anticipated within 60 days of shareholder approval.