Press Release

June 24, 2026 Scrip Code: 532832 /S EyMmBbDoLl : 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: Press Release – “Embassy Developments Signs MoU with Government of Uttar Pradesh for Proposed ~₹1,500 crore Commercial Real Estate Development in Lucknow” Dear Sir/ Madam, Pursuant to the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015, kindly find enclosed herewith Press Release dated June 24, 2026, titled “Embassy Developments Signs MoU with Government of Uttar Pradesh for Proposed ~₹1,500 crore Commercial Real Estate Development in Lucknow”. The said Press Release is also being made available on the Company’s website at www.embassyindia.com. We request you to kindly take the same on record. Yours truly, for Embassy Developments Limited (formerly known as 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 Embassy Developments Signs MoU with Government of Uttar Pradesh for Proposed ~₹1,500 crore Commercial Real Estate Development in Lucknow Indicative proposal envisages ~2.5–3.0 million square feet of premium office-led commercial development under the Invest UP framework Bengaluru, June 24, 2026: Embassy Developments Limited (NSE: EMBDL / BSE: 532832) today announced the signing of a non-binding Memorandum of Understanding (MoU) with the Government of Uttar Pradesh under the Invest UP framework for a proposed large-scale commercial development in Lucknow, Uttar Pradesh. The indicative proposal envisages the development of ~2.5 to ~3.0 million square feet of commercial real estate, with an investment of ~₹1,500 crore. The MoU was signed today in Bengaluru in the presence of Shri Yogi Adityanath, Honourable Chief Minister of Uttar Pradesh; Shri Suresh Kumar Khanna, Honourable Minister of Finance and Parliamentary Affairs, Government of Uttar Pradesh; Shri Deepak Kumar, Infrastructure & Industrial Development Commissioner, Government of Uttar Pradesh; Shailendra Konanur Subbaraya, COO – South, Embassy Developments Limited; and Amit Shetty, CEO, Embassy REIT, marking an important step in Embassy Developments’ proposed entry into Uttar Pradesh’s commercial real estate market. Jitendra Virwani, Chairman, Embassy Group, said, “Uttar Pradesh is at an important inflection point. With its scale, infrastructure momentum, improving business environment and focused policy push to attract enterprise and GCCs, the state is emerging as one of India’s most compelling growth frontiers. Lucknow, in particular, has the potential to develop into a strong commercial hub for the next phase of India’s office-led growth. At Embassy, we have always believed that high-quality commercial real estate is a catalyst for economic development, investment attraction and large-scale job creation. Through this proposed development, we aim to bring our experience in building institutional-grade business ecosystems to Uttar Pradesh and support the state’s vision of creating world-class infrastructure for businesses, talent and communities.” 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 For more information please contact: Sera Minocher sera.r@embassyindia.com About Embassy Developments Limited Embassy Developments Limited (formerly known as Equinox India Developments Limited) (EDL) is one of India’s largest listed real estate developers, specialising in the development of residential and commercial projects across key urban markets. With a strategic focus on Bengaluru, the Mumbai Metropolitan Region (MMR), and the National Capital Region (NCR), the Company also has a presence in Chennai and Indore. EDL has a diversified residential portfolio with a well-balanced mix of developments across mid-income, premium, and luxury segments. Its portfolio of ready, ongoing, and future residential projects includes branded residences, uber-luxury apartments and villas, exclusive town homes, condominiums, integrated townships, senior living communities, and contemporary homes. The Company is listed on BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE) and holds a long-term debt rating of IVR A- (Stable) from Infomerics. EDL benefits from the strong institutional foundation of its promotor, the Embassy Group, which brings over three decades of experience and a proven track record of delivering and managing more than 100 million sq. ft. across commercial, residential, hospitality, services, and education sectors in India. Further information is available at embassyindia.com Disclaimer This press release is for informational purpose only and does not constitute a prospectus, offering memorandum or an offer, or a solicitation of any offer, to purchase or sell any securities of Embassy Developments Limited (“Company”) or its existing or future subsidiaries (collectively, the “Group”) in any jurisdiction. Any offer or solicitation will be made only by means of definitive offering documents and in accordance with the terms of applicable securities and other laws. This press release should not be considered as a recommendation or advice to any person or investor to invest or subscribe for or purchase any securities of the Group or its existing or future subsidiaries (collectively, the “Group”) and should not be used as a basis for any investment decision. Recipients of this press release should conduct their own independent investigation and diligence, and/or consult their legal, tax, financial or other professional advisors as they deem fit. This press release contains certain forward‐looking statements based on current expectations, projections and assumptions and are subject to risks and uncertainties that could cause actual results, performances or events to differ materially from the results contemplated by the relevant forward-looking statement. These risks and uncertainties include the effect of economic and political conditions in India and outside India, volatility in interest rates and in securities markets, new regulations and government policies, the general state of the Indian economy, and the management’s ability to implement the company’s strategy that might impact the Group 's general business plans, its future financial condition and growth prospects. The information contained in this press release is only current as on the date hereof and is not indicative of future results. The Group is under no obligation to update these forward‐looking statements or to inform the recipient of any changes or developments arising after the date of this press release. Moreover, both 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 B [Showing first 8,000 characters — download PDF for full document]