Disclosure of Voting Results Regulation 44 of the SEBI (LODR) Regulations, 2015
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Valor Estate held its 19th Annual General Meeting on September 30, 2025 via video conferencing, where all four resolutions were approved. The adoption of audited financial statements for FY25 passed with 99.86% in favor (30.51 crore shares), and the re-appointment of Mr. Nabil Patel as a director (retiring by rotation) was approved with 99.87% support. The re-appointment of Mr. Vinod K. Goenka as Executive Chairman cum Managing Director (a special resolution) passed with 96.34% in favor, though it saw notably higher dissent of 3.66% (1.12 crore shares against). The appointment of M/s. V. M. Kundaliya & Associates as Secretarial Auditor was approved with 99.86% in favor. As of the record date, the company had 94,476 shareholders, and 73 attended through video conferencing.
All resolutions passed comfortably, including the special resolution on Mr. Goenka's re-appointment, so there is no immediate governance or stock-price risk. However, the higher institutional dissent (public institutions voted 55.46% against Mr. Goenka's re-appointment) is a mild governance red flag worth tracking, as FIIs and mutual funds typically vote against proposals they view as not in minority shareholders' interest.