NSEAllotment of Securities12 Oct 2026 · 12 Oct 2026, 11:45 am
Allotment of Securities
Embassy Developments Limited · EMBDL
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Embassy Developments Limited has issued and allotted 3,25,18,900 convertible warrants to Embassy Property Developments Private Limited, a member of the promoter group, at an exercise price of INR 111.51 per warrant. The warrants are convertible into an equivalent number of fully paid-up equity shares and are subject to lock-in in accordance with SEBI ICDR Regulations.
Analysis Scores
Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk2/10
Liquidity Impact5/10
Market Sentiment5/10
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Full Announcement
Allotment of 3,25,18,900 Convertible Warrants on Preferential Basis.
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EMBDL_12102026114201_EDL_SE_Intimation_Warrants_Allotment_s.pdf
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October 12, 2026
Scrip Code: 532832 Symbol: EMBDL
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, “Exchange Plaza”, Bandra-Kurla Complex,
Dalal Street, Mumbai – 400 001 Bandra (East), Mumbai – 400 051
Sub: Allotment of 3,25,18,900 Convertible Warrants on Preferential Basis
Re: Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015, as amended (“SEBI LODR Regulations”)
Dear Sir/Madam,
In furtherance of our intimation dated August 10, 2026 and pursuant to Regulation 30 read with Schedule III and
other applicable provisions of the SEBI LODR Regulations, we wish to inform you that the Company has today,
i.e. October 12, 2026, issued and allotted an aggregate of 3,25,18,900 unlisted warrants (“Warrants”),
convertible into an equivalent number of fully paid-up equity shares of the Company having a face value of INR
2/- each (“Equity Shares”), at an exercise price of INR 111.51/- (including a premium of INR 109.51/-) per
Warrant (“Exercise Price”), to Embassy Property Developments Private Limited, a member of the Promoter and
Promoter Group of the Company, upon receipt of subscription money of INR 90,65,45,634.75/-, being an
amount equivalent to 25% of the aggregate Exercise Price of the Warrants, in compliance with Chapter V of the
Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as
amended from time to time (“SEBI ICDR Regulations”), pursuant to the approval of the shareholders of the
Company accorded at the Annual General Meeting held on September 8, 2026, and the in-principle approvals
received from BSE Limited and National Stock Exchange of India Limited (collectively, the “Stock Exchanges”)
on September 30, 2026.
The allotment of the Warrants does not result in any change in the issued and paid-up equity share capital of
the Company until the exercise of the Warrants. The Warrants may be exercised, in one or more tranches, within
a period of 6 (six) months from the aforesaid date of allotment of the Warrants, upon payment of the balance
75% of the Exercise Price by the Warrant holder at the time of exercise. The Warrants and the Equity Shares
allotted upon exercise thereof shall be subject to lock-in in accordance with Chapter V of the SEBI ICDR
Regulations. The disclosures required under Regulation 30 of the SEBI LODR Regulations, read with the SEBI
Master Circular dated January 30, 2026, were made vide our aforesaid intimation dated August 10, 2026.
Please take the above on record.
Yours truly,
for Embassy Developments Limited
(formerly Equinox India Developments Limited)
Vikas Khandelwal
Company Secretary
EMBASSY DEVELOPMENTS LIMITED
(Formerly Equinox India Developments Limited)
E: ir@embassyindia.com W: www.embassyindia.com CIN: L45101HR2006PLC095409
Bengaluru Office: Mumbai Office: Registered Office:
Embassy One-Pinnacle, 14th Floor, One World Center, Tower 2A, 01-1001, WeWork,
Bellary Road, Dena Bank Colony, 4th Floor, Senapati Bapat Marg, Blue One Square, Udyog Vihar
Bengaluru Karnataka - 560032 Mumbai – 400013 Phase 4 Rd, Gurugram, Haryana-122016
T: (080) 69354859 T: (022) 65722233 T: (0124) 4609559