The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 13, 2026 for Neelkamal Tower Construction LLP
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Neelkamal Tower Construction LLP, a promoter of Valor Estate Ltd, has created a pledge over 2,00,00,000 (2 crore) equity shares of the company in favour of Capri Global Capital Limited. The pledge was created on March 9 and March 10, 2026, to secure a financial facility being availed by DB View Infracon Private Limited, a wholly owned subsidiary of Valor Estate. Prior to this, the promoter entity held 6,68,21,391 shares (12.33% of total share capital), of which 4,18,04,338 shares (7.71%) were already encumbered. After this new pledge, total encumbered shares by this promoter stand at 6,18,04,338 (11.39% of total share capital). The total promoter group holding is 12,61,98,832 shares (23.27% of total share capital).
This is a routine disclosure of a new pledge by a promoter to raise funds for a wholly owned subsidiary, not a sale or invocation. Shareholders should note that nearly half of the promoter group's shares are now pledged, which adds some financial risk if the subsidiary's loan faces stress, but does not change the promoter's ownership of the company.