Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and further to its letter dated 19th March, 2026 informing the Exchanges about the receipt of the Letter of Award dated 18th March, 2026 from the Government of Goa (Department of Public Private Partnership) (‘Authority’) for development of an International Convention Centre, Convention Hotel and associated downstream facilities at Dona Paula, Goa on a Design, Build, Finance, Operate and Transfer (DBFOT) basis, Valor Estate has informed about the following: The project shall be implemented through Blue Crest Properties, a wholly owned subsidiary of the Company (‘SPV’), incorporated as the special purpose vehicle for undertaking the project. The SPV has deposited a Performance Bank Guarantee of ?57,90,00,000/- with the Authority, in accordance with the terms of the Letter of Award. The SPV has, on 28th July, 2026, executed the Concession Agreement with the Director, Department of Public Private Partnership, Government of Goa, for the development of the aforesaid project. With the execution of the Concession Agreement, the detailed rights and obligations of the parties, including development timelines, revenue rights, concession terms and other project parameters, shall be governed by the Concession Agreement, read with the Letter of Award. This project is material in nature and is expected to create significant long-term value for the Company and its shareholders.
The above information is a part of company’s filings submitted to BSE.
