Neelkamal Tower Construction LLP, a promoter of Valor Estate Limited, has disclosed the creation of a pledge on 1,66,50,000 equity shares of Valor Estate Limited. This pledge, amounting to approximately 3.07% of the total share capital, was made in favor of Authum Investment & Infrastructure Limited. The encumbrance is in connection with a financial facility availed by Valor Estate Limited. The disclosure was made on September 11, 2026.
Valor Estate Promoter Encumbers Shares
Neelkamal Tower Construction LLP, acting as a promoter for Valor Estate Limited, has reported the creation of a significant pledge involving its shareholding in Valor Estate Limited. The company has encumbered 1,66,50,000 equity shares. This represents 3.07% of the total share capital and is part of a financial arrangement for Valor Estate Limited.
Details of the Pledge
The pledge was executed on September 10, 2026, and the shares have been pledged to Authum Investment & Infrastructure Limited, identified as the ‘Lender’. This action is in response to a financial facility availed by Valor Estate Limited. Following this pledge, the remaining holding of Neelkamal Tower Construction LLP in Valor Estate Limited stands at 12.32% of the total share capital.
Reporting and Compliance
This disclosure, made on September 11, 2026, adheres to the requirements under Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The document confirms that Neelkamal Tower Construction LLP continues to hold 6,68,21,391 shares, representing 12.32% of Valor Estate Limited’s total share capital, excluding the newly pledged shares.
Source: BSE
