Valor Estate Limited has announced significant changes to its board composition, with the cessation of one Independent Director and the appointment of a new one. The company informed BSE and NSE about these developments through a regulatory filing dated February 11, 2026.

Director Cessation Details

Mahesh Gandhi's tenure as Independent Director will conclude on February 11, 2026, marking the end of his second five-year term. The cessation follows the provisions of Section 149(11) of the Companies Act, 2013, which limits independent directors to a maximum of two consecutive terms.

New Independent Director Appointment

Based on the recommendation of the Nomination and Remuneration Committee, the Board has approved the appointment of Sundaram Rajagopal as Independent Director. His appointment is subject to shareholder approval and will be effective from February 12, 2026.

Professional Background

Rajagopal brings extensive qualifications and experience to the board. He holds a Bachelor of Science in Civil Engineering from University of Texas at Austin, USA, and a Master of Science in Civil Structural Engineering from University of California at Berkeley. Additionally, he earned an MBA degree in Finance with Distinction from Harvard Business School.

With over 26 years of real estate experience, Rajagopal has been responsible for design and management of over thirty buildings and infrastructure projects. His career includes senior positions such as Senior Partner and CEO of APA Investments, Managing Director for Asia including India at Starwood Capital Group, and CEO Real Estate of private equity in Greenwich, CT. He currently serves as Promoter-Director of Sundaram Architects Pvt. Ltd., Bangalore.

Previous Association with Company

Rajagopal has a history with Valor Estate, having served in various capacities:

• Nominee Director of Private Equity Investor: June 20, 2007 to October 30, 2010
• Independent Director: November 1, 2010 to March 20, 2011
• Independent Director: December 9, 2016 to May 27, 2019

Board Committee Reconstitution

Effective February 12, 2026, the company has reconstituted various board committees to incorporate the new appointment:

Audit Committee:

• Chairman: Sundaram Rajagopal (Independent Director)
• Members: Shahid Balwa (Vice-Chairman & Managing Director), Maryam Khan (Independent Director)

Nomination & Remuneration Committee:

• Chairman: Sundaram Rajagopal (Independent Director)
• Members: Maryam Khan (Independent Director), Rajeev RA (Independent Director)

CSR Committee:

• Chairman: Sundaram Rajagopal (Independent Director)
• Members: Vinod Goenka (Chairman & Managing Director), Rajeev RA (Independent Director)

The company has confirmed that Rajagopal is not debarred from holding directorship by SEBI or any other authority, in accordance with exchange circulars. He is also not related to any existing directors or key managerial personnel of the company.

Valor Estate Limited has announced that its Board of Directors will convene on February 11, 2026, to review and approve the company's unaudited financial results for the third quarter of fiscal year 2026. The meeting notification was formally communicated to stock exchanges on February 6, 2026.

Board Meeting Details

The scheduled board meeting will focus on considering and approving the unaudited standalone and consolidated financial results for specific reporting periods. Company Secretary Jignesh Shah signed the official intimation sent to both major stock exchanges.

Regulatory Compliance

The announcement was made in strict compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about board meetings where financial results will be considered.

Exchange Communication

Valor Estate Limited communicated the board meeting schedule to both major Indian stock exchanges through formal intimation letters. The company maintains its listing on both exchanges under different identifiers.

Company Information

Valor Estate Limited, formerly known as D B Realty Limited, operates from its registered office located at 7th Floor, Resham Bhavan, Veer Nariman Road, Churchgate, Mumbai. The company was incorporated in 2007 and maintains its corporate identification number as L70200MH2007PLC166818.

The board meeting represents a routine quarterly disclosure requirement, ensuring transparency and regulatory compliance for shareholders and market participants. Investors and stakeholders can expect the financial results to be announced following the board's approval on the scheduled date.