Valor Estate Limited — Others, 14-08-2025: Monitoring Agency Report

Valor Estate (formerly DB Realty) has fully deployed the Rs. 893.20 crore net proceeds from its Qualified Institutional Placement (QIP) as of the quarter ended June 30, 2025. The Monitoring Agency Report confirmed no deviations from the stated QIP objectives, with all funds utilized for planned investments in associate/joint ventures and general corporate purposes. Notably, Rs. 47.70 Cr initially allocated for general corporate use was returned to a subsidiary due to a contract not materializing. These funds were subsequently re-utilized for various project-related expenses, including interest on loans, statutory dues, and development charges, aligning with board approvals. This confirms efficient capital deployment for company projects.