BSEGeneral6 Oct 2026 · 6 Oct 2026, 08:31 pm
Embassy Office Parks REIT has informed the Exchange regarding Disclosure of material issue
Embassy Office Parks REIT · 542602
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Embassy Office Parks REIT has disclosed material issue related to the proposed acquisition of commercial premises at First International Financial Centre, Bandra Kurla Complex, Mumbai, with independent valuation reports attached.
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Embassy Office Parks REIT - 542602 - Reg 23(5)(i): Disclosure of material issue
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October 06, 2026
To, To,
The Corporate Relations Department, The Corporate Relations Department,
The National Stock Exchange of India Limited, Department of Corporate Services,
Exchange Plaza, 5th Floor, BSE Limited,
Plot No. C/1, G-Block, Bandra-Kurla Complex, 25th Floor, Phiroze Jeejeebhoy Towers,
Bandra (East), Mumbai − 400051 Dalal Street, Mumbai − 400001
Re: Scrip Symbol “EMBASSY”, Scrip Code 542602, Scrip Codes 973546, 973910, 975051, 976042,
976240, 976699, 976700, 976864, 976946, 977606, 977901 and 978208 (NCDs) and Scrip Codes
731343, 731468, 731469 and 732282 (CPs).
Dear Sir/Madam,
Subject: Independent Valuation Reports in connection with the proposed acquisition of commercial
premises at First International Financial Centre, Bandra Kurla Complex, Mumbai.
In furtherance to our letter dated October 06, 2026 on the outcome of the meeting of the Board of Directors
of Embassy Office Parks Management Services Private Limited, the Manager to Embassy Office Parks
REIT ("Embassy REIT"), please see enclosed the independent valuation reports both dated October 05,
2026 issued by Ms. L. Anuradha, MRICS, the independent valuer of Embassy REIT (with independent
property consultant review services undertaken by Cushman & Wakefield (India) Private Limited), and
iVAS Partners represented by Ms. Amrita Bhattacharya, a valuer as defined under the SEBI (Real Estate
Investment Trusts) Regulations, 2014 (with value assessment services undertaken by CBRE South Asia
Private Limited), received in connection with the proposed acquisition of commercial premises at First
International Financial Centre, Bandra Kurla Complex, Mumbai, as Appendix I and Appendix II
respectively.
Kindly take the same on record.
Thanking you,
For and on behalf of Embassy Office Parks REIT acting through its Manager, Embassy Office Parks
Management Services Private Limited
Vinitha Menon
Head - Company Secretary and Compliance Officer
A25036
Encl: As above
Embassy Office Parks Management Services Private Limited (acting as the Manager to Embassy Office Parks REIT)
Registered Office: 12th Floor, Pinnacle Tower, Embassy One, 8, Bellary Road, Ganganagar, Bengaluru , Karnataka, India – 560 032
T: (080) 69354864 E: secretarial@embassyofficeparks.com CIN: U70100KA2014PTC073362
Website of Embassy Office Parks REIT: www.embassyof ficeparks.com
Appendix - I
VALUATION REPORT
RETAIL UNITS IN FIRST INTERNATIONAL
FINANCIAL CENTRE (FIFC), BKC
Date of Valuation: 30th September 2026
Date of Report: 5th October 2026
Submitted to: Embassy Office Parks Management
Services Private Limited
Instruction Party: Embassy Office Parks Management
Services Private Limited
Retail Units in FIFC, BKC
Valuation Report
Disclaimer
This report is prepared exclusively for the benefit and use of Embassy Office Parks Management Services Private
Limited (“EOPMSPL” or the “Recipient” or the “Company” or “the Manager”) on behalf of the Embassy Office
Parks REIT (“Embassy REIT”) and / or its associates and its unitholders for the proposed purchase of a certain
property/ business by it. The Company is the manager to Embassy REIT, a Real Estate Investment Trust under the
Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014, as amended till date
(“SEBI REIT Regulations”). The Manager may share the report with its appointed advisors, the trustee, submit
the report for any statutory or reporting requirements or include it in any preliminary/placement document/ notice/
transaction document to the unit holders, or any other document in connection with the proposed purchase of the
property by Embassy REIT. Neither this report nor any of its contents may be used for any other purpose other
than the purpose as agreed upon with reference to the Letter of Engagement (LOE”) dated 24 June 2026 without
the prior written consent of the Valuer for acquiring 5,231 sq. ft. of carpet area, equivalent to 8,048 sq. ft. of
leasable area, in First International Financial Centre, BKC, Mumbai.
The information in this report reflects prevailing conditions and the view of Valuer as of this date, all of which
are, accordingly, subject to change. In preparation of this report, the accuracy and completeness of information
shared by the Company has been relied upon and assumed, without independent verification, while applying
reasonable professional judgment by the Valuer.
This report has been prepared upon the express understanding that it will be used only for the purposes set out
with reference to LOE. The Valuer is under no obligation to provide the Recipient with access to any additional
information with respect to this report unless required by any prevailing law, rule, statute or regulation.
This report should not be deemed an indication of the state of affairs of the real estate financing industry nor shall
it constitute an indication that there has been no change in the business or state of affairs of the industry since the
date of preparation of this document.
Embassy Office Parks REIT/ EOPMSPL Page 1
Retail Units in FIFC, BKC
Valuation Report
Executive Summary
Unit no 001 situated on ground floor of an operational commercial building christened ‘First International
Financial Centre (FIFC)’ located on plot no - C-54 & 55, G block, Bandra Kurla Complex, Bandra (East),
Mumbai 400051.
Valuation 30th September 2026
Date:
Disclosure of valuation of asset to be formed as a part of portfolio of
Embassy Office Parks REIT in accordance with SEBI (REIT) Regulations
Valuation 2014 for the acquisition of 5,231 sq. ft. of carpet area, equivalent to 8,048
Purpose: View of Access Road
sq. ft. of leasable area, in First International Financial Centre, BKC,
Mumbai.
Unit no 001 situated on ground floor of an operational commercial building
christened ‘First International Financial Centre (FIFC)’ located on plot no
Subject
Property: - C-54 & 55, G block, Bandra Kurla Complex, Bandra (East), Mumbai
View of the Subject
400051.
Property
The subject property is situated on ground floor of an operational
commercial building christened ‘First International Financial Centre
(FIFC)’. The subject development is accessible via the Bandra Kurla
Complex Road. It enjoys good accessibility and connectivity with other
parts of the city.
View of the Subject
Property
The subject property is located in BKC i.e., at a distance of approx. 2 km
from Kurla Railway Station and 5 km from Bandra Railway Station.
Location /
Situation: Prominent landmarks near the subject property are Bharat Diamond
Bourse, Reserve Bank of India office and BKC Telephone Exchange.
BKC is one of the most sought after commercial micro-markets of Mumbai
and is considered as the Secondary Business District of Mumbai and is View of Internal Access
home to IT, commercial office, bank establishments. The micro market has
presence of established buildings by prominent developers like K Raheja
Corp, Wadhwa Group, Sunteck, Godrej, Adani, etc.
Based on the review of the lease deeds shared by client and the site
inspection, we understand that the subject property is situated on ground External View
floor of an operational commercial building christened ‘First International
Financial Centre (FIFC)’ admeasuring ~0.4 msf. of leasable area. The
Description:
elevation of the development is 2 Basements + Ground Floor + 13 Upper
Commercial Floors. The subject property is a retail unit admeasuring
~8,048 sq. ft. of leasable area. Further, the subject property consists of two
retail premises admeasuring 5,231 sq. ft. of carpet area, equivalent to 8,048
Embassy Office Parks REIT/ EOPMSPL Page 2
Retail Units in FIFC, BKC
Valuation Report
sq. ft. of leasable area bearing Unit No. 001 occupied by reputed food chain
operators. The details for the subject property considered under the scope
of appraisal is mentioned below:
Retail Unit:
5,231 sq. ft. of carpet area, equivalent to 8,048 sq. ft. of leasable area
bearing Unit No. 001 located on Ground floor of ‘First International
Financial Centre (FIFC)’ b
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