Clarification22 May 2026, 05:12 pm
Valiant Organics Clarifies Dhanvallabh Ventures LLP Settlement
AI Summary
Valiant Organics Ltd issued a corrigendum to its May 19, 2026, communication regarding the cessation of the Company as a partner of Dhanvallabh Ventures LLP (DVLLP). The clarification addresses inconsistencies in the description of the Settlement Amount. The settlement involves DVLLP transferring 18,607,531 equity shares of Valiant Laboratories Limited to the Company, along with a payment of ₹63,434,544 (inclusive of taxes) from the Company to DVLLP for capital contribution adjustments. The transaction is subject to approvals and definitive documents.
Key Highlights
- Valiant Organics clarifies settlement terms for DVLLP partnership cessation.
- Settlement includes 18,607,531 Valiant Labs shares to Valiant Organics.
- Valiant Organics to pay DVLLP ₹63,434,544 for capital contribution adjustment.
- Transaction is subject to finalization of terms and requisite approvals.
Price Impact
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