Valor Estate Limited (formerly DB Realty Limited) has announced the conversion of 6,45,75,000 Compulsorily Convertible Preference Shares (CCPS) of face value ₹10 each, with a premium of ₹191.65 per equity share, into equity shares. The conversion price was ₹201.65 per equity share. This conversion was undertaken pursuant to the resolutions passed by the Board of Directors on 14th November, 2025, and in compliance with the applicable rules and regulations, including SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company received in-principle approval from the Stock Exchanges on 24th December, 2025, and all other requisite approvals were obtained. The conversion of CCPS, issued by Konark Realtech Private Limited, has resulted in the allotment of 32,02,330 equity shares. This action has consequently increased the company's paid-up share capital from ₹539,20,44,310 to ₹542,40,67,610.
