Valiant Organics Limited has informed the Exchange regarding Notice of Postal Ballot
VALIANTORG · price
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Valiant Organics is seeking shareholder approval via postal ballot for two matters: exiting as a partner of Dhanvallabh Ventures LLP (DVLLP), its 73.15% owned material subsidiary, and approving a related party transaction with DVLLP. As consideration for exiting, Valiant will receive 1.86 crore equity shares of Valiant Laboratories Limited (VLL), representing 34.26% of VLL's equity share capital, plus Rs. 6.34 crore (inclusive of taxes) as capital contribution adjustment. The transaction is valued at approximately 13% of Valiant's annual consolidated turnover. The e-voting period runs from May 23, 2026 to June 21, 2026, and results will be declared by June 23, 2026. This forms part of the company's restructuring to simplify its holding structure.
If approved, this transaction will reduce Valiant's subsidiaries (DVLLP will cease to be a subsidiary) while increasing its stake in Valiant Laboratories Limited to 34.26%. Shareholders should carefully evaluate the valuation and strategic rationale as this involves disposal of a material subsidiary.