Valor Estate Limited — Others, 12-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Valor Estate Limited has announced a board meeting to review the Statement of Deviation or Variation in the utilization of funds raised through a Qualified Institutions Placement (QIP) for the quarter ended 31st December 2024. The company raised approximately ₹920.20 crore through the issuance of 3,56,66,675 equity shares, with net proceeds of ₹893.20 crore after deducting issue expenses. There were no deviations in the use of these funds, which have been allocated for investments in subsidiaries and joint ventures, as well as general corporate purposes. This updates investor sentiment as it reflects disciplined fund management and reinforces confidence in the company's strategic execution.