Valor Estate sets shareholder vote on amalgamation scheme

Valor Estate Limited (BSE: DBREALTY) has scheduled a court-convened meeting of its equity shareholders for March 28, 2025, to consider and approve a composite scheme of amalgamation and arrangement. The scheme involves the amalgamation of Esteem Properties Private Limited into Valor Estate, as well as the transfer of Valor Estate's hospitality business to Advent Hotels International Private Limited. The meeting, held via video conferencing, follows an order from the National Company Law Tribunal (NCLT). Shareholders as of the record date will be able to vote remotely prior to or during the meeting. The company has arranged with National Securities Depository Limited for remote e-voting. All voting processes will be scrutinized by a court-appointed chairperson and scrutinizer. The final scheme, if approved, remains subject to approvals from the NCLT and other regulatory bodies.