Acquisition

October 29, 2026 Scrip Code – 532832 Symbol – EMBDL BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Street, “Exchange Plaza”, Bandra-Kurla Complex, Mumbai – 400 001 Bandra (East), Mumbai- 400051 Sub: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Execution of Share Purchase Agreement for acquisition of balance equity stake in Embassy Columbia Pacific ASL Private Limited Dear Sir, Pursuant to Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”), we wish to inform you that the Company has, executed a Share Purchase Agreement dated October 28, 2026 (“SPA”) with CP Senior Housing (India) LLC, USA (“CP Senior”), for the acquisition of 1,12,44,599 (One Crore Twelve Lakh Forty-Four Thousand Five Hundred and Ninety-Nine) equity shares of face value INR 10/- (Indian Rupees Ten only) each, representing the entire 50% (fifty per cent) equity stake held by CP Senior in Embassy Columbia Pacific ASL Private Limited (“Embassy Columbia”), a joint venture of the Company in which the Company presently holds the remaining 50% (fifty per cent) equity stake, at an agreed consideration of INR 32,65,27,241/- (Indian Rupees Thirty-Two Crore Sixty- Five Lakh, Twenty-Seven Thousand, Two Hundred and Forty One only), arrived at on the basis of the enterprise value of Embassy Columbia, to be settled in cash. Upon consummation of the proposed acquisition, which remains subject to the satisfaction of customary closing conditions and the occurrence of closing in terms of the SPA, Embassy Columbia will become a wholly owned subsidiary of the Company and the existing joint venture arrangement in relation to Embassy Columbia stand terminated. The acquisition is intended to consolidate the Company’s interest in Embassy Columbia and strengthen its control over the entity and operational integration. The details required to be disclosed under Regulation 30 of the SEBI LODR Regulations read with the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are set out in Annexure A enclosed herewith. You are requested to take the above information on record. Yours truly, for Embassy Developments Limited (formerly Equinox India Developments Limited) Vikas Khandelwal Company Secretary Encl: as above 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 Annexure A The information as required to be disclosed under Regulation 30 of the SEBI LODR Regulations read with the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 S. No. Particulars Information a) Name of the target entity, details in brief Embassy Columbia Pacific ASL Private Limited such as size, turnover etc. (“Embassy Columbia”) Embassy Columbia owns a project “Embassy Serene Amara”, a premium senior living residential project spread across ~2.44 acres at Devanahalli, Bengaluru, featuring residences and amenities designed to cater to the lifestyle and care requirements of senior citizens. b) Whether the acquisition would fall within The acquisition is not a related party transaction, as CP related party transaction(s) and whether Senior is not a related party of the Company. the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”; c) Industry to which the entity being Construction and development of real estate and allied acquired belongs activities and services, with a focus on the senior living segment. d) Objects and impact of acquisition Upon consummation of the proposed acquisition, which (including but not limited to, disclosure of remains subject to the satisfaction of customary closing reasons for acquisition of target entity, if conditions and the occurrence of closing in terms of the its business is outside the main line of SPA, Embassy Columbia will become a wholly owned business of the listed entity); subsidiary of the Company and the existing joint venture arrangement in relation to Embassy Columbia stand terminated. The acquisition is intended to consolidate the Company’s interest in Embassy Columbia and strengthen its control over the entity and operational integration. e) Brief details of any governmental or Not Applicable regulatory approvals required for the acquisition f) Indicative time for completion of the Within the current quarter ending on December 31, 2026 acquisition g) Consideration – whether cash INR 32,65,27,241/- (Indian Rupees Thirty-Two Crore Sixty- consideration or share swap or any other Five Lakh, Twenty-Seven Thousand, Two Hundred and form and details of the same; 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 S. No. Particulars Information Forty-One only), arrived at on the basis of the enterprise value of Embassy Columbia, to be settled in cash. h) Cost of acquisition and/or the price at Acquisition of the remaining 50% shareholding of which the shares are acquired Embassy Columbia, i.e., 1,12,44,599 equity shares of face value of INR 10/- each (“Equity Shares”), by the Company from CP Senior Housing (India) LLC for ~INR 32.65 crore, arrived at on the basis of the enterprise value of Embassy Columbia. i) Percentage of shareholding / control An aggregate of 1,12,44,599 Equity Shares, representing acquired and / or number of shares 50% of paid-up equity share capital of Embassy acquired Columbia. Upon closing of the above acquisition, Embassy Columbia will become a wholly owned subsidiary of the Company and the existing joint venture arrangement in relation to Embassy Columbia stand terminated. j) Brief background about the entity Products/line of business acquired: Construction and acquired in terms of products/line of development of real estate and allied activities and business acquired, date of incorporation, services, with a focus on the senior living segment. history of last 3 years turnover, country in which the acquired entity has presence Date of incorporation: April 27, 2021 and any other significant information (in brief); Country of Presence: India History of last 3 years turnover: Financial Year Turnover (in INR cr) 2025-26 41.87 2024-25 Nil 2023-24 Nil 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