Goenka Family Trust Pledges 2 Crore Valor Estate Shares for Financial Facility

Goenka Family Trust, a promoter group entity of Valor Estate Limited, has pledged 2,00,00,000 equity shares of the company to Capri Global Capital Limited as security for a financial facility. The disclosure was made under Regulation 31(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, dated 17.03.2026.

Pledge Transaction Overview

The pledge creation occurred on 13.03.2026 and serves to secure a financial facility that will be availed by Valor Estate Limited itself, unlike previous arrangements involving subsidiary companies. The Goenka Family Trust is represented through its trustees Ms. Aseela Goenka, Ms. Sunita Goenka and Mr. Alok Agarwal.

Parameter:	Details
Shares Pledged:	2,00,00,000 equity shares
Percentage of Total Share Capital:	3.69%
Pledge Date:	13.03.2026
Beneficiary:	Capri Global Capital Limited
Purpose:	Financial facility for Valor Estate Limited

Goenka Family Trust Holdings

The Goenka Family Trust holds 7,07,50,000 shares in Valor Estate Limited, representing 13.04% of the total share capital. Prior to this transaction, the trust had no previously encumbered shares, making this the first pledge arrangement by this promoter entity.

Metric:	Before Transaction	After Transaction
Total Holding:	7,07,50,000 shares (13.04%)	7,07,50,000 shares (13.04%)
Previously Encumbered:	0 shares (0%)	0 shares (0%)
New Pledge:	-	2,00,00,000 shares (3.69%)
Total Encumbered:	0 shares (0%)	2,00,00,000 shares (3.69%)

Comprehensive Promoter Group Structure

The total promoter group holding in Valor Estate Limited stands at 12,94,36,786 shares, representing 23.86% of the company's total share capital. Other significant promoter group entities include Sanjana Goenka with 2,23,82,108 shares (4.13%), Aseela Goenka with 1,61,04,769 shares (2.97%), and Jayvardhan Goenka with 1,36,32,108 shares (2.51%).

Financial Facility Structure

This pledge arrangement represents a direct financing structure where the promoter group is securing funding for Valor Estate Limited's operational requirements. The facility is being provided by Capri Global Capital Limited, with the promoter's equity stake serving as collateral security for the financial arrangement.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.14%	-4.34%	-20.44%	-44.54%	-31.82%	+325.18%

Valor Estate Limited (formerly D B Realty Limited) has successfully completed the implementation of its NCLT-approved merger, with the scheme of amalgamation between Sahyadri Agro and Dairy Private Limited and Horizontal Ventures Private Limited becoming effective on March 12, 2026. The company has fulfilled all regulatory requirements and completed the necessary filing procedures with the Registrar of Companies.

Merger Completion and Effective Date

The merger has officially taken effect following the completion of all required documentation and regulatory filings. The company announced that after receiving the certified copy of the NCLT order dated January 29, 2026, all formalities for filing with the Registrar of Companies through the MCA portal were completed on March 12, 2026.

Parameter:	Details
Effective Date:	March 12, 2026
Appointment Date:	April 1, 2025
NCLT Order Date:	January 29, 2026
Filing Authority:	Registrar of Companies (MCA Portal)
Status:	Completed

Regulatory Timeline and Process

The merger process followed a structured timeline with key regulatory milestones. The Hon'ble National Company Law Tribunal, Mumbai-Bench I had sanctioned the amalgamation on January 29, 2026, with the company providing initial intimation on January 30, 2026. The final step involved filing the certified order with the Registrar of Companies, which was completed on March 12, 2026.

Corporate Structure Impact

The completed merger consolidates Sahyadri Agro and Dairy Private Limited (SADPL) as the transferor company with Horizontal Ventures Private Limited (HVPL) as the transferee company, which is a step-down subsidiary of Valor Estate Limited. With all conditions precedent to the scheme of amalgamation now fulfilled, the corporate restructuring has been successfully implemented.

Compliance and Documentation

The company has ensured full compliance with regulatory requirements under Regulation 30, completing all necessary documentation and filing procedures. The merger implementation represents the successful conclusion of the corporate restructuring process that began with the initial NCLT approval.