Valor Estate Limited announced that the wholly owned subsidiary (WOS) of the Company in the name of "Advent International Limited" (AIL) has been incorporated on 4th April, 2024. Although formal Certificate of Incorporation is yet to be received from Ministry of Corporate Affairs (MCA), this disclosure is made on the basis of the Company Master Data of AIL appearing on the portal of MCA and allocation of TAN received on email on 5th April, 2024, evidencing incorporation of AIL on 4th April, 2024. Authorized Capital- INR 1,00,000/-.

Paid up Share Capital- INR 1,00,000/-. Turnover: NIL (AIL is incorporated on 4th. April 2024 and is yet to commence business).

The object of incorporation of this WOS is to acquire the Company's substantial interests in the hospitality business through an NCLT scheme of arrangement (demerger) process.