Outcome of Board Meeting

Date: 055th November, 2026 The Geeneral Manager, The Vicce‐Presidentt, Lis(cid:415)ng Departmentt Lis(cid:415)ng Departmennt BSE Limmited Na(cid:415)onnal Stock Excchange of Inddia Limited Phirozee Jeejeebhoyy Towers, “Exchaange Plaza”, Dalal SStreet, Bandraa – Kurla Commplex, Mumbai 400 001 Bandraa (E), Mumbbai – 400 0511 Scrip Code : 5331600 Scrip Symbol : DBRREALTY Dear Sir//Madam, Sub: Outcome of thee Board Meee(cid:415)ng Pursuannt to Regulaa(cid:415)ons 30 and 33 of tthe SEBI (Liis(cid:415)ng Obligaa(cid:415)ons and Disclosure Requiremennts), Regula(cid:415)(cid:415)ons, 2015 (“SEBI LODR Regula(cid:415)onss”), we hereeby inform yyou that thee Board of Directors in its mee(cid:415)ngg held todayy i.e. Thursdday, 05th Noovember, 20026 has connsidered andd approved the Unaudited Standaloone and Connsolidated Finnancial Resuults of the Coompany for tthe second qquarter and hhalf year endded on 30th September, 2026 alonng with the Limited Reeview Reporrt given by Statutory AAuditors of the Companny. In comppliance with RRegula(cid:415)on 333 of the SEBBI LODR Reguula(cid:415)ons, the Unaudited FFinancial Ressults along wwith the Limited Review RReport issued by the Stattutory Auditors of the Coompany are enclosed herewith. The Board Mee(cid:415)ng ccommenced at 5.15 p.m. and concluded at 7.15 pp.m. We requuest you to take the same on record. Thanking You, Yours faithfully, For Valoor Estate Limmited (Formerrly known ass D B Realty Limited) Jignesh Shah Companny Secretary Encl: As above VALOOR ESTATEE LIMITED (Formerly known as D BB Realty Limited) RRegd. Office: 7th Floor, Reshamm Bhavan, Veer Nariman Roadd, Churchgate, MMumbai‐400 0220 Tel: 91‐22‐477478686 WWebsite: www..dbrealty.co.in Email: info @ddbg.co.in CIN: L70200MH20007PLC166818 MEHTA CHOKSHI & SHAH LLP CHARTERED ACCOUNTANTS Independent Auditor’s Limited Review Report on Interim Standalone Financial Results for the quarter and half year ended September 30th, 2026 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. The Board of Directors, Valor Estate Limited (formerly known as D B Realty Limited) 1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of VALOR ESTATE LIMITED (formerly known as D B Realty Limited) (“the Company”) for the quarter and half year ended September 30th, 2026 (“the Statement”), being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Management Responsibility 2. This Statement, which is the responsibility of the Company’s Management and approved by the Board of Directors, has been prepared in accordance with recognition and measurement principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting” as prescribed under Section 133 of Companies Act, 2013 read with relevant rules issued there under and other accounting principles generally accepted in India. Auditors’ Responsibility 3. Our responsibility is to express a conclusion on the Statement based on our review. We conducted our review of the Statement in accordance with the Standard on Review Engagement (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. Head Office Suburb Office Ahmedabad Office Maker Bhavan 3, 214, 1st Floor, Rustomjee Business School, 602-603-604, 6th Floor, Tapas New Marine Lines, Mumbai-400 020. Rustomjee Acres, Jaywant Sawant Road, Elegance, Lane Opp. To Pratyakshar Tel.:+91-22-2205 7309 I 2205 5432 Dahisar (West), Mumbai - 400 068. Bhawan, B/s Swaminarayan Temple 2208 8743 Tel.:+91-22- 2893 0503 I 2890 2326 Ambavadi, Ahemdabad – 380015. Email : mcs@camcs.in Tel.: +91-79-2630 0520 MEHTA CHOKSHI & SHAH LLP CONTINUATION SHEET…... CHARTERED ACCOUNTANTS A review is limited primarily to inquiries of the Company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. Conclusion 4. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. Emphasis of Matters 5. We draw attention to Note 3 of the Statement, which describes that the Company has relied upon reports from independent valuers and internal assessments, which are based on management estimates. These estimates include assumptions regarding development potential, expected sales price realization, and arrangements for cost optimization. These inputs have been considered in determining the fair valuation of the Company’s investments and loans to subsidiaries, joint ventures, and associates, as well as the carrying value of inventories, security deposits, and project / land advances. Based on the available information and assessments, the management believes that the amounts invested or advanced are recoverable and that the carrying values of the related assets are appropriate. 6. We draw attention to Note 4 of the Statement, which describes an uncertainty relating to the future outcome of pending litigations or regulatory actions. Pending the ultimate outcome of the aforesaid legal proceedings, no further adjustments have been made to the standalone financial results in this regard. Attention on the above matters had been drawn by predecessor auditor in their limited review reports for earlier period/year. However, our conclusion is not modified in respect of the above matters. MEHTA CHOKSHI & SHAH LLP CONTINUATION SHEET…... CHARTERED ACCOUNTANTS Other Matters 7. The Statement also includes share of profit / (loss) (net) from investment in three partnership firms aggregating Rs. (72.28) lakhs and Rs. (176.41) lakhs for the quarter and half year ended September 30, 2026 respectively which are based on the financial results of such entities. These financial results have not been reviewed by their auditors and have been furnished to us by the Management. According to the information and explanations given to us by the Management, these financial results are not material to the Company. 8. The financial results of the Company for the year ended March 31, 2026 were audited by the predecessor auditor whose report dated May 29th, 2026 had expressed an unmodified opinion with emphasis of matters. 9. The financial results of the Company for the corresponding quarter ended September 30, 2025 and the corresponding period from 1st April 2025 to 30th September 2025 were reviewed by the predecessor auditor whose report dated November 14th, 2025 had expressed an unmodified conclusion with emphasis of matters. The financial results of the Company for the quarter ended June 30, 2026 were reviewed by the predecessor auditor whose report dated August 14th, 2026 had expressed an unmodified conclusion with emphasis of matters. Our conclusion is not modified in respect of above matters. For Mehta Chokshi & Shah LLP Chartered Accountants FRN: 106201W/W100598 Chetan M Shah Partner Place: Mumbai M. No.: 047178 Date: November 05, 2026 UDIN: 26047178CUKJOD4302 Valor Estate Limited (formerly known as D B Realty Limited) REGD. OFFICE : 7th F [Showing first 8,000 characters — download PDF for full document]