Valor Estate Limited announced key changes to its Board of Directors effective February 2026. Independent Director Mr. Mahesh Gandhi will retire on February 11, 2026, upon completing his second term limit. Following this, the Board approved the appointment of Mr. Sundaram Rajagopal (DIN: 01951392) as an Independent Director for a subsequent term of five years, commencing on February 12, 2026. The reconstitution of several Board committees reflects these changes.
Key Board Changes Effective February 2026
Valor Estate Limited (formerly D B Realty Limited) has formally intimated significant transitions concerning its Independent Directors, pursuant to statutory tenure requirements. The second five-year term for Mr. Mahesh Gandhi (DIN: 00165638) is set to conclude at the close of business hours on February 11, 2026, adhering to Section 149(11) of the Companies Act, 2013, governing director retirement.
Appointment of New Independent Director
Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors has approved the induction of Mr. Sundaram Rajagopal (DIN: 01951392) as an Independent Director. This appointment is sanctioned for a term of five years, commencing immediately after the cessation, on February 12, 2026, subject to shareholder approval.
Profile Highlights: Mr. Sundaram Rajagopal
Mr. Rajagopal, aged 59 years, brings extensive global real estate and finance expertise. His qualifications include a Bachelor of Science in Civil Engineering from the University of Texas at Austin, a Master of Science in Civil Structural Engineering from the University of California at Berkeley, and an MBA in Finance with Distinction from Harvard Business School. He possesses over 26 years of Real Estate experience, including serving as a Managing Director for Asia at Starwood Capital Group and CEO Real Estate of private equity. He has prior association with the Company, having served previously as an Independent Director between 2010 and 2011, and again from December 2016 to May 2019.
Committee Reconstitution
Consequent to the above changes, the Board approved the immediate reconstitution of various Board committees, effective February 12, 2026, to incorporate Mr. Rajagopal and reflect the changes:
Audit Committee
- Chairman: Mr. Sundaram Rajagopal (Independent Director)
- Member: Mr. Shahid Balwa (Vice- Chairman & Managing Director)
- Member: Mr. Maryam Khan (Independent Director)
Nomination & Remuneration Committee
- Chairman: Mr. Sundaram Rajagopal (Independent Director)
- Member: Ms. Maryam Khan (Independent Director)
- Member: Mr. Rajeev RA (Independent Director)
Stakeholders Relationship Committee
- Chairman: Mr. Rajeev RA (Independent Director)
- Member: Mr. Shahid Balwa (Vice- Chairman & Managing Director)
- Member: Mr. Sundaram Rajagopal (Independent Director)
CSR Committee
- Chairman: Mr. Sundaram Rajagopal (Independent Director)
- Member: Mr. Vinod Goenka (Chairman & Managing Director)
- Member: Mr. Rajeev RA (Independent Director)
Risk Management Committee
- Chairman: Mr. Vinod Goenka (Chairman & Managing Director)
- Member: Mr. Shahid Balwa (Vice- Chairman & Managing Director)
- Member: Mr. Sundaram Rajagopal (Independent Director)
Finance & Investment Committee
- Chairman: Mr. Shahid Balwa (Vice-Chairman & Managing Director)
- Member: Mr. Maryam Khan (Independent Director)
- Member: Mr. Sundaram Rajagopal (Independent Director)
Source: BSE
