Valor Estate Limited: Director Transition and Financial Snapshot

The Board of Directors of Valor Estate Limited (formerly D B Realty Limited) announced the retirement of Mr Mahesh Gandhi as an Independent Director on 11 February 2026, effective at the close of business. Mr Gandhi’s second five‑year term, which commenced in 2021, has now expired in accordance with Section 149(11) of the Companies Act, 2013. The company has complied fully with SEBI Listing Obligations and Disclosure Requirements (LODR) Regulation 30, notifying BSE and NSE of the change in its independent directorship roster.

In the same Board meeting, the unaudited consolidated financial results for the third quarter (Q3) and nine‑month period ending 31 December 2025 were approved. While the detailed figures are pending audit, the company’s management has signalled that operating income and project sales have remained robust, reflecting the continued momentum of its residential and hospitality segments.

Valor Estate operates two principal business lines:

  • Real‑Estate Business – development and sale of residential, commercial, retail, mass‑housing, and cluster redevelopment projects across India.
  • Hospitality Business – construction and operation of hospitality ventures, leveraging the company’s real‑estate expertise.

The firm, listed under the ticker DBREALTY (Scrip Code 533160) on the National Stock Exchange of India, has a market capitalization of approximately INR 67.4 billion. Its share price closed at INR 127.78 on 9 February 2026, with a 52‑week high of INR 252.67 (7 July 2025) and a 52‑week low of INR 95.50 (26 January 2026). The price‑earnings ratio sits at a steep 288.8, indicative of the premium investors are willing to pay for the company’s growth prospects.

The retirement of an independent director does not alter the company’s governance framework, as it retains a full complement of other directors and a dedicated audit committee. The board’s swift communication underscores Valor Estate’s commitment to transparency and regulatory compliance.

Looking ahead, the company will focus on accelerating project pipelines in high‑growth metropolitan corridors while maintaining disciplined cost management. The pending audit of the Q3 and nine‑month results will provide further clarity on revenue traction and profitability, reinforcing investors’ confidence in Valor Estate’s strategic trajectory.