Change in Statutory Auditors – Valor Estate Limited

Outgoing Auditor

Name of the Resigning Firm: M/s. N. A. Shah Associates LLP, Chartered Accountants (Firm Registration No. 116560W/W100149)

Reason for Resignation: Not Specified

Effective Date of Resignation: The outgoing auditors will complete their term at the conclusion of the 20th Annual General Meeting (AGM) to be held in 2026.

Date of Resignation Letter: Not Specified

Duration in Role: The firm was appointed for a first term of 5 consecutive years at the 15th AGM held on 30th September, 2021.

Board’s Acknowledgment / Statement: Not Specified

Replacement Appointed

Name of the New Audit Firm: M/s. Mehta Chokshi & Shah LLP, Chartered Accountants

Firm Registration Number (FRN): 106201W/W100598

Term of Appointment and Validity: First term of 5 consecutive years, commencing from the conclusion of the 20th AGM (2026) until the conclusion of the 25th AGM (2031).

Interim Appointment or Subject to Shareholder Approval: Subject to approval of shareholders at the ensuing 20th AGM.

Qualifications or Professional Standing: M/s Mehta Chokshi & Shah LLP is a multifunctional professional service firm rendering range of value-added services since 1963. The firm operates from 4 locations (3 in Mumbai and 1 in Ahmedabad) and holds a valid Peer Review Certificate issued by the Peer Review Board of ICAI.

Financial Implications: Not Specified

Board / Committee Meeting Details

Date and Name of the Meeting: Board of Directors meeting held on Friday, 14th August, 2026.

Resolutions or Approvals: The Board considered and approved the unaudited financial results for Q1 FY2026 and the appointment of new statutory auditors based on the recommendation of the Audit Committee.

Meeting Duration: Commenced at 3:15 PM and concluded at 5:20 PM.

Annexures / Firm Profiles

Summary of Incoming Audit Firm’s Experience: The firm takes pride in its ability to consistently deliver solutions that are technically sound, innovative and utilitarian for its clients. It has a satisfied client base with relationships extending over six decades.

Any Declarations or Eligibility Confirmations: Not Specified

Regulatory Compliance Statement

The disclosure is made pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026.

Delay in Disclosure: Not Specified

Other Corporate Information

The company's registered office is at 7th Floor, Resham Bhavan, Veer Nariman Road, Churchgate, Mumbai-400 020. CIN: L70200MH2007PLC166818.