Valor Estate’s Board has approved a strategic restructuring involving a variation in preference share terms, converting ₹645.75 million of redeemable preference shares into compulsorily convertible preference shares (CCPS). Additionally, the company will increase its authorized share capital from ₹925 crore to ₹1000 crore. These decisions aim to strengthen the company’s financial position and support future growth initiatives, subject to shareholder approval.
Preference Share Restructuring
Valor Estate has approved the alteration of terms for its ₹645.75 million of 8% Redeemable Preference Shares. These shares, previously held by Konark Realtech Private Limited (a non-promoter entity), will be converted into 0.0001% Compulsorily Convertible Preference Shares (CCPS). This conversion is subject to the approval of the company’s shareholders.
These CCPS will be convertible into equity shares at a price determined according to applicable regulations. The conversion price will align with Chapter V of the SEBI ICDR Regulations, with the conversion period lasting up to 18 months from the date of allotment of the CCPS.
Increase in Authorized Share Capital
The Board has also authorized an increase in the company’s share capital from ₹925 crore to ₹1000 crore. This will be achieved through the creation of 75,000,000 CCPS, each with a face value of ₹10. An amendment to the company’s Memorandum of Association will reflect this change.
Financial Performance Overview
For the quarter ended September 30, 2025, Valor Estate reported revenue from operations of ₹136.85 million, with a profit after tax of ₹99.66 million. Basic earnings per share stood at ₹0.19. These figures encompass results from both continuing and discontinued operations.
Source: BSE
