Valor Estate Limited (formerly D B Realty Limited) has announced that its wholly owned subsidiary MIG (Bandra) Realtors Private Limited has entered into transaction documents to acquire the entire equity share capital of Radius Estates and Developers Private Limited for ₹383 crore.

Transaction Structure and Timeline

The acquisition agreement was executed on 30th March 2026 after business hours, with Adani Goodhomes Private Limited as the seller. Upon completion, Radius Estates will become a wholly owned subsidiary of MIG and consequently an indirect wholly owned subsidiary of Valor Estate.

Target Company Profile

Radius Estates and Developers Private Limited, incorporated on 19th July 2014, operates in the real estate development sector. The company has shown significant revenue growth in recent years.

Completion Conditions

The transaction completion is subject to several conditions precedent, including the release of pledged shares by existing lenders and charge holders, along with completion of transfer formalities as per the definitive transaction documents. The company has confirmed that no separate governmental or regulatory approvals are required specifically for the share acquisition.

Strategic Impact

This acquisition aligns with Valor Estate's core real estate business and aims to consolidate ownership and control over Radius Estates and its underlying project interests. The transaction does not constitute a related party transaction, as the promoter group has no existing interest in the target company.

Valor Estate Limited (formerly known as D B Realty Limited) has announced a comprehensive postal ballot process seeking shareholder approval on five critical corporate resolutions. The e-voting period is scheduled from March 21, 2026 at 9:00 AM (IST) to April 19, 2026 at 5:00 PM (IST), with the company engaging NSDL to facilitate the remote voting process.

Key Resolutions for Shareholder Approval

The postal ballot encompasses five significant resolutions that will shape the company's strategic direction and governance structure.

Director Appointment

The company seeks approval for appointing Mr. Sundaram Rajagopal (DIN: 01951392) as an Independent Director for a five-year term from February 12, 2026 to February 11, 2031. Mr. Rajagopal brings extensive real estate experience spanning over 25 years, holding degrees from University of Texas, University of California at Berkeley, and Harvard Business School. He previously served as Senior Partner and CEO of APA Investments and Managing Director for Asia at Starwood Capital Group.

Major Related Party Transactions

The most significant proposal involves related party transactions with Advent Hotels International Limited and Bamboo Hotel & Global Centre (Delhi) Private Limited, aggregating approximately Rs. 1,655.59 crores. The transactions include:

The consideration amount will be settled against existing outstanding receivables of approximately Rs. 2,150.15 crores due from Advent Hotels. Additionally, the company proposes to provide corporate guarantee up to Rs. 2,500 crores for Bamboo Hotel's financial facilities and extend loans up to Rs. 250 crores during financial year 2026-27.

Joint Venture Transactions

Two separate resolutions seek approval for material related party transactions with joint ventures:

Worli Urban operates a 17-acre SRA project at Worli, Mumbai, featuring mixed-use development including residential, retail, and hospitality components. Shiv Infra manages redevelopment of approximately 4,953 hutment dwellers at Sant Dnyaneshwar Nagar, Bandra (East).

Executive Appointment

The company proposes appointing Mr. Arshad Balwa as President-Acquisitions and Operations, holding an office of profit with effect from April 1, 2026. The appointment carries annual gross remuneration of Rs. 48 lakhs, along with standard perquisites including provident fund contributions, leave travel concession, and company car with chauffeur.

Voting Process and Timeline

The postal ballot notice has been distributed electronically to all shareholders whose email addresses are registered with the company or depositories as of the cut-off date of March 13, 2026. The company has appointed Mr. Vicky Kundaliya, Practicing Company Secretary (FCS-7716 & COP-10989), as Scrutinizer to ensure fair and transparent conduct of the postal ballot process.

Shareholders can access the voting platform through NSDL's e-voting system, with detailed instructions provided for both individual and institutional investors. The results will be communicated to BSE Limited and National Stock Exchange of India Limited immediately after declaration.