Valor Estate Limited (formerly known as D B Realty Limited) has announced that Sahyadri Agro and Dairy Private Limited (SADPL) and Horizontal Ventures Private Limited (HVPL) have entered into a merger agreement. This strategic move marks a significant development in the corporate landscape of these companies.

Key Details of the Merger

• Parties Involved:

  • Sahyadri Agro and Dairy Private Limited (Transferor Company)
  • Horizontal Ventures Private Limited (Transferee Company)

• Nature of Transaction: Scheme of Merger under Section 230-232 of the Companies Act, 2013

• Approval Status: The scheme has been filed with the National Company Law Tribunal (NCLT), Mumbai

Financial Snapshot

The following table presents the financial position of the companies involved, based on unaudited provisional management certified financial statements as of July 31, 2025:

Corporate Structure and Implications

• SADPL is a wholly-owned subsidiary of Horizontal Ventures Private Limited.
• HVPL is a step-down subsidiary of Valor Estate Limited.
• The merger involves step-down subsidiaries of Valor Estate Limited.
• No change in the shareholding pattern of Valor Estate Limited is expected as a result of this merger.

Rationale for the Merger

The merger is expected to bring several benefits:

1. Streamlining of corporate structure by eliminating multi-layered holding structures.
2. Consolidation of legacy companies.
3. Operational and administrative synergies.
4. Reduction of duplicative legal and regulatory compliance requirements.

Next Steps

The appointed date for the scheme is set as April 1, 2025, subject to approval by the NCLT, Mumbai, or any other appropriate authority. Stakeholders and investors of Valor Estate Limited should monitor further announcements for updates on the merger process and its potential impact on the company's operations and financial position.

This merger represents a significant corporate action that could potentially enhance operational efficiency and create value for the involved entities. As the process unfolds, more details may emerge regarding the integration plans and expected synergies from this strategic move.

Valor Estate , a prominent real estate developer, has received approval for a significant affordable housing project valued at ₹2,000 crore. The company has partnered with GHV Infrastructure for this ambitious development, targeting completion by June 2025.

Project Details

The project, located in Malad (East), Mumbai, aims to develop approximately 13,374 affordable housing tenements under the PAP (Project Affected People) Scheme. This initiative aligns with the growing demand for accessible housing solutions in one of India's most populous cities.

Partnership and Execution

Valor Estate has appointed GHV Projects Ltd. (GHV) as the engineering, procurement, and construction partner for the project. GHV is described as a leading EPC company with a proven track record across domestic and international markets, bringing valuable expertise to the venture.

Project Timeline and Scope

The Municipal Corporation of Greater Mumbai (MCGM) has issued a Letter of Acceptance (LOA) for the project. Key details include:

Corporate Governance

In line with regulatory requirements, Valor Estate (formerly known as D B Realty Limited) has duly informed the stock exchanges about this development. The company's Vice Chairman & Managing Director, Shahid Balwa, signed off on the regulatory filing, emphasizing the company's commitment to transparency and compliance with SEBI regulations.

This affordable housing project represents a significant undertaking for Valor Estate, potentially impacting its business operations and financial outlook in the coming years. As the project progresses, it will be interesting to observe its impact on Mumbai's real estate landscape and its contribution to addressing the city's housing needs.