Postal Ballot Results: Director remuneration revisions for Goenka and Balwa approved

Board & Shareholder Meetings View source PDF

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AI summary

Valor Estate Limited (formerly D B Realty) announced postal ballot results. Two special resolutions on revision in remuneration for Mr. Vinod K. Goenka (Executive Chairman cum MD) and Mr. Shahid Balwa (Executive Vice Chairman cum MD) were passed. Resolution 1 received 90.75 percent votes in favour (about 17.04 crore shares). Resolution 2 received 89.16 percent votes in favour (about 14.29 crore shares). Voting ran from 10 June to 9 July 2026 via NSDL e-voting.

Likely market impact

Both executive pay revisions approved with strong shareholder backing above 89 percent. No immediate impact on retail shareholders equity.