Valor Estate promoter Shravan Kumar Bali transferred 10,01,209 equity shares to his sister, Shruti Ahuja, through an off-market gift transaction on September 4, 2026.

The transfer was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction represents an inter-se transfer within the promoter group and does not alter the aggregate holding of persons acting in concert (PAC).

Transaction Details

The disposal reduced Shravan Kumar Bali’s individual stake to zero. Conversely, Shruti Ahuja’s holding increased to 1,226,609 shares, representing 0.23% of the total voting capital as of September 7, 2026.

Promoter Group Holding

The total shareholding of the promoter group and PAC remained unchanged at 25,58,60,618 shares, constituting 47.17% of the total diluted voting capital. The company’s total equity share capital stands at ₹542,40,67,610.

Among the pledged securities, 5,00,00,000 shares held by promoters and their PAC are currently encumbered. The economic interest and voting rights of these pledged shares reside with the pledge holders.

Promoter entities of Valor Estate have released a combined pledge on 6,44,09,641 equity shares following the full repayment of a financial facility sanctioned by HDFC Limited (now HDFC Bank Ltd.).

The releases involve three distinct promoter holdings: 2,17,00,000 shares held by Sanjana Vinod Goenka, 3,18,04,338 shares held by Neelkamal Tower Construction LLP, and 1,09,05,303 shares held by Aseela Vinod Goenka. The encumbrances were created in favor of IDBI Trusteeship Services Limited, acting as a Share Pledge Trustee on behalf of the lender, to secure a facility granted to MIG (Bandra) Realtors & Builders Pvt. Ltd., a wholly owned subsidiary of Valor Estate.

Disclosure Details

The disclosures were made under Regulation 31(2) and 31(3) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The event dates for the releases are recorded as August 18, 2026, and August 19, 2026. The formal intimations were filed with the National Stock Exchange of India Limited and BSE Limited on August 26, 2026.

Promoter Holding Structure

Following these releases, the broader promoter group holds a combined total of 12,96,61,786 shares, accounting for 23.90% of the company's equity.

Sanjana Vinod Goenka now holds 2,23,82,108 shares (4.13% of total capital), with no remaining encumbrance on this specific holding.

Aseela Vinod Goenka holds a total of 1,61,04,769 shares (2.97% of total share capital). With the release of the pledged portion, she has no remaining encumbrance on her holding.

Neelkamal Tower Construction LLP continues to hold a total of 66,821,391 shares (12.32% of total share capital). Of this holding, 30,000,000 shares (5.53% of total capital) remain encumbered.

Other promoter entities, including the Goenka Family Trust, retain their existing holdings. The Goenka Family Trust holds 7,07,50,000 shares (13.04%), of which 2,00,00,000 shares (3.69%) remain pledged. No other changes in encumbrance were reported for individual family members such as Shabana Balwa, Mohammad Salim Balwa, or SB Fortune Realty Pvt Ltd during this period.