Valor Estate Demerger - Investor FAQ Bulletin

Q. What’s the corporate action about?
• Valor Estate Limited has spun off its hotel business into a new company, Advent Hotels International Pvt Ltd, via an NCLT‑approved Scheme of Arrangement (order dated 12 Jun 2025).

Q. What is the record date?
• Friday, 18 July 2025. Your shareholding at the end of that day determines eligibility.

Q. How many Advent shares will I receive?
• 1 fully‑paid Advent share (₹10 FV) for every 10 Valor shares (₹10 FV).
• Example: Holding 100 Valor shares → you get 10 Advent shares. Fractional entitlements are generally rounded per the company’s rules; if any cash in lieu is payable, the RTA will notify you.

Q. When will Advent shares hit my demat?
• They’re credited after the corporate action processing cycle usually 7‑15 business days post record date. 

Q. Will Advent trade immediately?
• Not yet. Advent is currently unlisted. The board must file a listing application with the exchanges; trading can start only after SEBI & exchange approvals. The company hasn’t announced a tentative listing timeline, watch the exchange notices for updates.

Q. What happens to the price of my Valor shares?
• Once Advent’s Cost of Acquisition (COA) ratio is declared, we will automatically split your original buy price between Valor and Advent for capital‑gains purposes. Until then, Valor may trade on an “ex‑demerger” basis, and Advent will show at zero cost in your statement.

Q. Do I need to pay anything or fill any form?
• No. The demerger allotment is automatic and free of cost for eligible shareholders.

Q. Will this affect dividends or voting rights?
• Post‑demerger, dividends and voting will be independent for each company. Valor dividends will pertain to the remaining real‑estate business; any Advent dividend will depend on its own future earnings once listed.

Q. Whom should I contact for issues?
• Registrar & Transfer Agent (RTA) for allotment credit issues.
• Contact support for portfolio display questions.
• Valor/Advent investor relations for COA or listing‑timeline queries.

Quick recap: Hold Valor on 18 Jul 2025 → get 1 Advent for every 10 Valor → Advent shows up unlisted in demat soon after → trading starts only once listing is approved.