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EQUITY - MARKET SCREENER

Refex Renewables & Infrastructure Ltd
Industry :  Engineering - Turnkey Services
BSE Code
ISIN Demat
Book Value()
531260
INE332F01018
-129.3973012
NSE Symbol
P/E(TTM)
Mar.Cap( Cr.)
N.A
0
145.96
EPS(TTM)
Face Value()
Div & Yield %
0
10
0
 

Valor Estate soars after favourable Bombay High Court verdict
May 04,2026
The case pertains to a 205-acre land parcel located at Bhayandar in Thane district, held by the company’s wholly owned subsidiary, Miraland Developers. The Union of India, through the Salt Department, had challenged the ownership of the land and pursued the matter through multiple legal forums.

Earlier, a civil court in Thane had dismissed the Salt Department’s claim in April 2018. The department subsequently filed an appeal before the Bombay High Court in 2019.

In its filing dated 1 May 2026, the company said the High Court has, on 30 April 2026, dismissed the appeal, thereby upholding the earlier judgment in favour of Miraland Developers. The company added that it is awaiting a certified copy of the order.

The ruling brings closure to a litigation spanning over four decades and affirms the title of the land in favour of the company’s subsidiary.

Valor Estate (erstwhile DB Realty) is a real estate developer in India. On a consolidated basis, Valor Estate's net profit surged 1263.38% to Rs 62.17 crore while net sales rose 60.60% to Rs 529.18 crore in Q3 December 2025 over Q3 December 2024.