The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Embassy Property Developments Pvt Ltd & PACs

November 03, 2026 BSE Limited National Stock Exchange of India Embassy Developments Limited Limited Scrip Code: 532832 Symbol: EMBDL Office No 01-1001, WeWork, Blue Phiroze Jeejeebhoy Towers, “Exchange Plaza”, Bandra-Kurla One Square, Udyog Vihar Phase 4 Rd, Dalal Street, Complex, Bandra (East), Gurugram, Haryana, 122016 Mumbai – 400 001 Mumbai – 400 051 Sub: Disclosure pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (“SEBI SAST Regulations”) Dear Sir/Madam, Pursuant to Regulation 29(2) of the SEBI SAST Regulations, we, Embassy Property Developments Private Limited, hereby enclose the disclosure in the prescribed format in respect of the acquisition of equity shares of Embassy Developments Limited (“Target Company”), pursuant to the allotment of equity shares by the Target Company upon conversion of unlisted warrants previously allotted to us on a preferential basis through private placement. This is for your information and record. Thanking you. Yours truly, For Embassy Property Developments Private Limited Name - Devika Priyadarsini Designation – Company Secretary Encl: as above Disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Name of the Target Company (TC) Embassy Developments Limited (BSE Scrip Code: 532832; NSE Symbol: EMBDL) Name(s) of the acquirer and Persons Acting Acquirer(s): in Concert (PAC) with the acquirer 1. Embassy Property Developments Private Limited (“EPDPL”) PAC: 2. Mr. Jitendra Mohandas Virwani 3. Mr. Aditya Virwani 4. Mr. Karan Virwani 5. Mr. Neel Virwani 6. JV Holding Private Limited 7. Bellanza Developers Private Limited 8. OMR Investments LLP Whether the acquirer belongs to Promoter / Yes Promoter group Name(s) of the Stock Exchange(s) where the BSE Limited (Scrip Code: 532832) shares of TC are Listed National Stock Exchange of India Limited (Symbol: EMBDL) Details of the acquisition / disposal as follows Number % w.r.t. total % w.r.t. total share/voting diluted capital share/voting wherever capital of the Applicable TC Before the acquisition under consideration, holding of: a) Shares carrying voting rights Acquirer: EPDPL: 19,37,92,592 13.9356%* 13.4330%^ Equity Shares PACs: 39,96,85,031 28.7412%* 27.7048%^ Equity Shares b) Shares in the nature of encumbrance - - - (pledge/ lien/ non- disposal undertaking/ others) c) Voting rights (VR) otherwise than by - - - shares d) Warrants/convertible securities/any other Acquirer: instrument that entitles the acquirer to EPDPL: receive shares carrying voting rights in the 3,25,18,900 Warrants# - 2.2541%^ TC (specify holding in each category) e) Total (a+b+c+d) 59,34,77,623 Equity 42.6768%* 43.3919%^ Shares & 3,25,18,900 Warrants Details of acquisition/sale a) Shares carrying voting rights acquired/sold Acquirer: EPDPL: 3,25,18,900 2.2850%** 2.2548%^^ Equity Shares# b) VRs acquired /sold otherwise than by - - - equity shares c) Warrants/convertible securities/any other - - - instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) acquired /sold d) Shares encumbered /invoked /released by - - - the acquirer e) Total (a+b+c+/-d) 3,25,18,900 Equity 2.2850%** 2.2548%^^ Shares After the acquisition /sale, holding of: a) Shares carrying voting rights Acquirer: EPDPL: 22,63,11,492 15.9021%** 15.6918%^^ Equity Shares PACs: 39,96,85,031 28.0845%** 27.7129%^^ Equity Shares b) Shares encumbered with the acquirer - - - c) VRs otherwise than by equity shares - - - d) Warrants/convertible securities /any - - - other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition e) Total (a+b+c+d) 62,59,96,523 Equity 43.9866%** 43.4047%^^ Shares Mode of acquisition / sale (e.g. open market / Allotment of 3,25,18,900 fully paid-up equity shares of face value off-market / public issue / rights issue / of INR 2/- each (“Equity Shares”), pursuant to conversion of preferential allotment / inter-se transfer etc). equivalent number of unlisted warrants during the period starting from October 23, 2026 to October 30, 2026. Date of acquisition of / sale of shares / VR or During the period starting from October 23, 2026 till October 30, date of receipt of intimation of allotment of 2026, in the following manner: shares, whichever is applicable (i) 1,10,00,000 Equity Shares on October 23, 2026; (ii) 1,22,00,000 Equity Shares on October 27, 2026; and (iii) 93,18,900 Equity Shares on October 30, 2026 Equity share capital / total voting capital of INR 278,12,66,866 comprising 139,06,33,433 Equity Shares. the TC before the said acquisition /sale (i.e. as on October 14, 2026, being the date of last disclosure under Regulation 29(2) of SEBI SAST Regulations by the Acquirer.) Equity share capital/ total voting capital of INR 284,63,04,666 comprising 142,31,52,333 Equity Shares. the TC after the said acquisition /sale (i.e. as on the date of this disclosure) Total diluted share/voting capital of the TC INR 288,44,64,162 comprising after the said acquisition a) 142,31,52,333 outstanding Equity Shares, as on date of this disclosure; and b) 1,90,79,748 Equity Shares arising out of exercise of all outstanding employee stock options, as per the last filing of shareholding pattern to the stock exchanges by the Company. #An aggregate of 3,25,18,900 convertible warrants were issued and allotted to EPDPL by the Target Company pursuant to the preferential allotment on private placement basis in terms of Chapter V of SEBI (ICDR) Regulations, 2018. These outstanding warrants were exercised and converted into equivalent Equity Shares (i.e. 1,10,00,000 Equity Shares on October 23, 2026, 1,22,00,000 Equity Shares on October 27, 2026 and 93,18,900 Equity Shares on October 30, 2026, respectively). *The percentage has been computed on the paid-up share capital of the Target Company, on a non-diluted basis, as on October 14, 2026, being the date of last disclosure under Regulation 29(2) of the SEBI SAST Regulations by the Acquirer, aggregating to INR 278,12,66,866 (comprising 139,06,33,433 outstanding Equity Shares). ^The percentage has been computed on the paid-up share capital of the Target Company on a fully diluted basis, as on October 14, 2026, being the date of last disclosure under Regulation 29(2) of the SEBI SAST Regulations by the Acquirer, aggregating to INR 288,53,11,950 (comprising (a) 139,06,33,433 outstanding Equity Shares; (b) 3,25,18,900 outstanding warrants convertible into equivalent number of Equity Shares; and (c) 1,95,03,642 outstanding employee stock options exercisable into equivalent number of Equity Shares, as per the last filing of shareholding pattern to the stock exchanges by the Company at that time). **The percentage has been computed on the paid-up share capital of the Target Company, on a non-diluted basis, aggregating to INR 284,63,04,666 (comprising 142,31,52,333 outstanding Equity Shares, as on date of this disclosure). ^^The percentage has been computed on the paid-up share capital of the Target Company on a fully diluted basis, aggregating to INR 288,44,64,162 (comprising (a) 142,31,52,333 outstanding Equity Shares, as on date of this disclosure; and (b) 1,90,79,748 outstanding employee stock options exercisable into equivalent number of Equity Shares, as per the last filing of shareholding pattern to the stock exchanges by the Company). Please refer to Annexure-I for the details of individual shareholding of the Acquirer and PACs. For Embassy Property Developments Private Limited Name - Devika Priyadarsini Designation – Company Secretary Place: Bengaluru Date: November 03, 2026 Annexure-I S. Name of the Shareholder Pre-Acquisition holding Details of Acquisition Post-Acquisition holding No No. of securities held % w.r.t. total % w.r.t. total No. of securities % w.r.t. total % w.r.t. total No. of securities held % w.r.t. tot [Showing first 8,000 characters — download PDF for full document]