Valor Estate Limited shareholders approved all agenda items at the 20th Annual General Meeting held on September 30, 2026. The company announced that all resolutions were passed by requisite majority through remote e-voting and e-voting at the meeting.

The meeting, conducted via video conferencing, covered the adoption of audited financial statements for FY26, the re-appointment of Vinod Goenka as director, and the appointment of new statutory auditors. The Consolidated Scrutinizer's Report confirmed high shareholder support across all categories.

Resolution details and voting outcomes

The following businesses were transacted during the meeting, with specific voting results disclosed:

• Adoption of Financial Statements: Shareholders approved the adoption of audited standalone and consolidated financial statements for FY26, along with reports of directors and auditors. The resolution received 99.9976% votes in favour.
• Director Re-appointment: Vinod Goenka (DIN: 00029033) was re-appointed as a director retiring by rotation. This resolution also secured 99.9976% votes in favour.
• Auditor Appointment: Mehta Chokshi & Shah LLP (Firm Registration No. 106201W/W100598) was appointed as statutory auditors for a first term of five consecutive years. This resolution received 99.9923% votes in favour.

Voting participation breakdown

The total number of shares outstanding was 542,406,761. The voting results indicate strong promoter support and high institutional approval, with minimal dissent from public non-institutional investors.

The Promoter and Promoter Group, holding 255,860,618 shares, voted entirely in favour of all three resolutions. Public Institutions, holding 23,072,290 shares, also voted unanimously in favour of the financial statements and director re-appointment, with only 600 votes against the auditor appointment.

Procedural compliance and declaration

The company provided a remote e-voting facility to members prior to the AGM via NSDL. The remote e-voting period commenced on September 27, 2026, and ended on September 29, 2026. E-voting was also available during the meeting itself.

The meeting commenced at 3:00 pm and concluded at 3:22 pm. The scrutinizer, Vicky M. Kundaliya of M/s. V. M. Kundaliya & Associates, submitted the consolidated report confirming the fair and transparent conduct of the voting process. The results have been communicated to both stock exchanges and placed on the website of NSDL and the company.

Valor Estate Limited announced the resignation of Rajeev RA as an Independent Director, effective the close of business hours on September 25, 2026. The departure stems from a regulatory conflict involving the company's financial relationships with a Non-Banking Financial Company (NBFC).

The company filed a disclosure with stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In his resignation letter, Rajeev cited Paragraph 2(c) of RBI Circular No. RBI/2022-23/29 dated April 19, 2022. This regulation restricts NBFCs from granting financial facilities to companies sharing a common director.

Regulatory Conflict Drives Departure

Rajeev served as an Independent Director on the board of both Valor Estate and Authum Investment & Infrastructure Limited. Authum is an NBFC that maintains financial relations with Valor Estate. Consequently, his continued directorship at both entities violated the RBI’s restriction on common directors between an NBFC and a borrower company.

The resignation letter explicitly stated that no other material reasons prompted the exit. Rajeev confirmed he would cease to be a member of various statutory committees of the company upon cessation.

Directorship Details

The disclosure highlights the specific board roles held by the resigning director across listed entities. While he stepped down from Valor Estate, his position at Authum Investment & Infrastructure remains unaffected by this specific resignation notice, which pertains only to his role at Valor Estate.

Valor Estate, formerly known as D B Realty Limited, confirmed receipt of the resignation letter dated September 25, 2026. The company secretary, Jignesh Shah, signed off on the regulatory filing to BSE and NSE.