Independent Director Rajeev RA resigns citing RBI common-directorship restriction
Valor Estate Limited (formerly D B Realty Limited) has informed the exchanges that Mr. Rajeev RA (DIN: 03125952) resigned as Non-Executive Independent Director with effect from the closing of business hours on 25th September, 2026.
By ScoutQuest · · 1 min read
- Director Name
- Mr. Rajeev RA (DIN: 03125952)
- Position
- Non-Executive Independent Director
- Resignation Effective Date
- 25th September, 2026
- Reason for Resignation
- RBI circular restricts NBFC from granting financial facility to company with common director; he holds directorship in both Valor Estate…
- Committee Impact
- Ceases to be member of company's statutory committees
What was shared
Valor Estate Limited (formerly known as D B Realty Limited) made a disclosure under Regulation 30 of the SEBI Listing Regulations regarding the cessation of a director.
- Mr. Rajeev RA (DIN: 03125952) has tendered his resignation as a Non-Executive Independent Director.
- Effective from the closing of business hours on 25th September, 2026.
- He also ceases to be a member of various statutory Committees of the Company.
Reason stated
In his resignation letter, he refers to an RBI circular under which an NBFC is restricted from granting a financial facility to a company having a common director. He is a common Independent Director on the Board of the Company and of the NBFC, Authum Investment and Infrastructure Limited. As Valor Estate Limited has financial relations with that NBFC, he states his continuance as a Director of the Company is not consistent with that regulatory requirement.
He confirmed to the Company that there are no other material reasons for his resignation other than those stated, and the Company has recorded receipt of this confirmation.
Other details disclosed
- Directorship in listed entities: Independent Director at Authum Investment & Infrastructure Limited.
- Membership of Board Committee of listed entities: None.
How investors may read it
The resignation is attributed to a regulatory restriction arising from a common directorship with a lender NBFC, rather than to any disagreement over the company's affairs or disclosures. Board composition changes of this kind may require the company to complete the applicable statutory formalities regarding independent director strength and committee composition.
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