The Goenka Family Trust has formally disclosed the creation of a pledge over 2,00,00,000 equity shares of Valor Estate Limited (formerly D B Realty Limited) as of March 13, 2026. This pledge, representing 3.69% of the total share capital, was executed in favor of Capri Global Capital Limited. The purpose of this encumbrance is to secure a financial facility recently availed by Valor Estate Limited, ensuring compliance with relevant takeover regulations.
Regulatory Disclosure Filed by Goenka Family Trust
The Goenka Family Trust submitted a mandatory disclosure to the stock exchanges (BSE Limited and NSE of India Limited) on March 17, 2026, concerning the encumbrance of shares in Valor Estate Limited (formerly known as D B Realty Limited).
The filing is made under Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, detailing an event pertaining to promoter group shareholding.
Details of Share Pledge Creation
The primary event detailed is the Creation of a pledge over a significant number of equity shares:
- Number of Shares Pledged: 2,00,00,000 equity shares.
- Percentage of Total Capital: This block represents 3.69% of Valor Estate Limited’s total share capital.
- Date of Creation: The pledge was officially created on March 13, 2026.
- Beneficiary/Lender: The shares were pledged in favor of Capri Global Capital Ltd.
- Reason for Encumbrance: The pledge was established to secure a financial facility availed by Valor Estate Limited from the lender.
Encumbering Entity Holding
The entity directly responsible for the pledge is the Goenka Family Trust, represented by its trustees Ms. Aseela Goenka, Ms. Sunita Goenka, and Mr. Alok Agarwal. Prior to this creation, the Trust held 7,07,50,000 shares (13.04% capital). Following the pledge, their post-event holding of unencumbered shares remains at 7,07,50,000, although the total stake held by the promoter group remains substantial.
Promoter Group Shareholding Impact
While the pledge affects the Goenka Family Trust directly, the report also summarizes the total holding of the entire promoter group:
| Entity | Total Shares Held | Total % of Capital |
|---|---|---|
| Total Promoter Group | 12,94,36,786 | 23.86% |
| Total Encumbered Shares (Post Event) | 2,00,00,000 | 3.69% |
The disclosure confirms that the remaining individual members and related entities within the promoter group, such as Sanjana Goenka and Aseela Goenka, currently report zero shares already encumbered.
Source: BSE
