Valor Estate Releases Q1 Financial Results, Approves New Statutory Auditors

Valor Estate Releases Q1 Financial Results, Approves New Statutory Auditors​

Valor Estate Limited, formerly known as D B Realty Limited, has announced its unaudited financial results for the first quarter of fiscal year 2026. The company's Board of Directors considered and approved both the standalone and consolidated financial statements, along with a limited review report issued by the statutory auditors. Furthermore, the Board of Directors approved the appointment of M/s Mehta Chokshi & Shah LLP as the Statutory Auditors for the next five years.

The unaudited results and associated reports were reviewed and approved by the company's Audit Committee during the meeting held on August 14, 2026.

Standalone Financial Performance​

In the quarter ended June 30, 2026, Valor Estate Limited reported a net loss in its standalone operations. The following table details key figures from the unaudited standalone financial results (in Indian Rupees in lakhs).


The company's management also provided an update on ongoing legal and regulatory matters in the consolidated report. The board noted that one application for revised plans under the Unified Development Control and Promotion Regulations (UDCPR 2020) was not accepted by the Bombay High Court, although a writ petition has been admitted with the Supreme Court.

Consolidated Financial Results​

The company also released its unaudited consolidated financial results, which reflect the performance across all subsidiaries and associated entities. For the quarter ended June 30, 2026, the consolidated statements showed a loss for the period.

Key figures from the unaudited consolidated financial results (in Indian Rupees in lakhs) are as follows:

Auditor Appointment and Governance Updates​

The Board of Directors approved the appointment of M/s Mehta Chokshi & Shah LLP, a firm registered with the Institute of Chartered Accountants of India since 1963, as the Statutory Auditors for Valor Estate Limited. This appointment is subject to approval by shareholders at the ensuing Annual General Meeting (AGM).

Concurrently, it was noted that M/s N. A. Shah Associates LLP, the existing Statutory Auditors who had been appointed in September 2021, will complete their term at the conclusion of the company's AGM scheduled for 2026.

Operational Updates and Estimates​

The financial statements include various notes detailing operational activities and management assessments. The company reported on significant investments and acquisitions during the period. In one such transaction, Valor Estate Limited approved the acquisition of 9,89,800 Class A equity shares of Bamboo Hotels and Global Centre (Delhi) Private Limited for Rs. 59,670.49 lakhs, along with an outstanding loan of Rs. 1,05,889 lakhs from Advent Hotels International Limited.

The reports also emphasized the reliance on independent valuers and internal assessments regarding management estimates concerning development potential, expected sales price realization, and cost optimization for inventories, security deposits, and project/land advances across various entities.

DBREALTY Stock Price Movement​

Valor Estate Limited shares slipped by 0.24% to settle at ₹111.91 after trading concluded today. The stock saw movement between an intraday high of ₹114.00 and a low of ₹111.50, with 312,740 shares recorded in the trade.