Valiant Organics Limited has informed the Exchange regarding Corrigendum to the Outcome of the Board Meeting held on May 19, 2026
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Valiant Organics has issued a corrigendum to its May 19, 2026 board meeting outcome, correcting inadvertent inconsistencies in the description of settlement terms for the company's proposed cessation as a partner of Dhanvallabh Ventures LLP (DVLLP). Under the revised terms, the company will receive 1,86,07,531 equity shares of Valiant Laboratories Limited as settlement for its capital contribution and share of undistributed profits/losses in DVLLP. Additionally, the company will pay Rs. 6,34,34,544 (inclusive of taxes) to DVLLP as adjustment for its proportionate capital contribution upon cessation. The transaction is on an arm's length basis at fair market value, requires shareholder approval, and is expected to complete within 60 days of receiving that approval. All other particulars of the original disclosure remain unchanged.
The company is exiting its partnership interest in DVLLP and receiving listed shares of Valiant Laboratories Limited, which could provide liquidity and simplify its corporate structure. However, the cash outflow of Rs. 6.34 crore may have a minor impact on cash reserves. The transaction requires shareholder approval before completion.