Outcome of Board Meeting

August 10, 2026 Scrip Code: 532832 Symbol: EMBDL BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Mumbai – 400 001 Bandra Kurla Complex, Mumbai – 400 051 Sub: Outcome of the meeting of the Board of Directors of Embassy Developments Limited (“Company”) held on August 10, 2026 Ref: 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, Pursuant to Regulation 30 read with Schedule III and other applicable provisions of the SEBI LODR Regulations, we wish to inform you that the Board of Directors of the Company (“Board”), at their meeting held today i.e. August 10, 2026, which commenced at 04:00 P.M. and concluded at 05:30 P.M., has, inter-alia, considered and approved the following matters: A. Unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2026 (“Financial Results”) In this regard, we enclose herewith the Financial Results, along with the Limited Review Reports thereon, dated August 10, 2026, issued by the statutory auditors of the Company, which were also placed before the Board, at the aforesaid meeting. These Financial Results are being uploaded on the website of the Company, i.e. www.embassyindia.com and will also be published in the newspapers, in accordance with the provisions of Regulation 47 of the SEBI LODR Regulations. B. Fund-raise via issuance of convertible warrants, through preferential issue on a private placement basis, for cash consideration, aggregating up to INR 362.62 crore to promoter group: With a view to raising funds for repayment of shareholder debt and general corporate purposes, thereby strengthening the Company’s balance sheet and capital structure, reducing its cost of capital, improving financial flexibility and supporting its future growth opportunities, the Board has approved a fund raise through preferential issue on a private placement basis, for cash consideration, aggregating up to INR 3,62,61,82,539/- (Indian Rupee Three Hundred Sixty-Two Crore Sixty-One Lakh Eighty-Two Thousand Five Hundred Thirty-Nine Only), in one or more tranches, comprising 3,25,18,900 unlisted warrants (“Warrants”) convertible into equivalent number of full paid-up equity shares having face value of INR 2/- each of the Company (“Equity Shares”), at an exercise price of INR 111.51/- (including the premium of INR 109.51/-) per Warrant (“Exercise Price”), to Embassy Property Developments Private Limited (“Proposed Allottee”), a member of Promoter & Promoter Group of the Company (“Promoter Group”), subject to the approval of the shareholders of the Company in the ensuing Annual General Meeting (“AGM”) and other requisite approval(s), in accordance with the provisions of the Companies Act, 2013 and the rules framed thereunder (“Act”), Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and any other applicable law for the time being in force, and on such other terms and conditions, 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 as set out in securities subscription agreements, between the Company and Proposed Allottee (“Preferential Issue”). The Warrants and the Equity Shares proposed to be issued pursuant to exercise of such Warrants, shall be subject to lock-in for such period as specified under the SEBI ICDR Regulations. Further, while the SEBI ICDR Regulations permit the conversion of Warrants into Equity Shares within a maximum period of 18 (eighteen) months from the date of allotment, the Promoter Group has voluntarily committed to exercise and convert all the Warrants within a period not exceeding 6 (six) months from the date of allotment. The Promoter Group has voluntarily agreed to subscribe to the Warrants at the Exercise Price of INR 111.51/- per Warrant, being the same price at which equity shares and warrants were issued by the Company under its preferential issue undertaken during April–May 2024, representing ~80% premium, over the minimum price determined in accordance with the SEBI ICDR Regulations. The proposed subscription by the Promoter Group represents significant commitment to the Company and reflects its continued confidence in the Company’s long-term business fundamentals, growth strategy and value creation potential The disclosure, as required under Regulation 30 of the SEBI LODR Regulations read with SEBI Master Circular dated January 30, 2026, in respect of the aforesaid Preferential Issue, is enclosed herewith as Annexure A. C. Appointment of Mr. Neel Virwani, as a Senior Management Personnel The Board noted that the Company’s expanded development portfolio across multiple geographies, including its growing presence in the Mumbai Metropolitan Region (“MMR”) through its marquee residential development, Embassy Citadel, Worli, and other proposed launches across the region, requires focused and continuous senior management oversight across business development, project execution, sales and customer engagement, in alignment with the Embassy Group’s operating philosophy, governance framework, project execution standards and organisational culture. Accordingly, based on the recommendation of the Nomination and Remuneration Committee, the Board considered it appropriate to strengthen the senior management team by appointing a dedicated full-time senior management executive based in Mumbai. After due deliberation, the Board, at the aforesaid meeting, approved the appointment of Mr. Neel Virwani, a member of the Promoter Group, as senior management personnel of the Company in terms of Regulation 16(1)(d) of SEBI LODR Regulations, w.e.f. October 1, 2026, subject to the approval of the shareholders of the Company, at the ensuing AGM. D. Re-appointment of Director Based on the recommendation of the Nomination and Remuneration Committee, the Board, at aforesaid meeting, recommended the re-appointment of Mr. Jitendra Virwani, Chairman & Non-Executive Director of the Company, and Promoter of the Company, who retires by rotation at the ensuing AGM and, being eligible, has offered himself for re-appointment, on his existing terms of appointment. The disclosure, as required under Regulation 30 of the SEBI LODR Regulations read with SEBI Master Circular dated January 30, 2026, in respect of points (C) and (D), as mentioned above, is enclosed herewith as Annexure B. 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 The notice convening ensuing AGM together with the requisite information and other relevant documents, shall be circulated to the shareholders of the Company and intimated to the Stock Exchanges within the timelines prescribed under the applicable laws. 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 [Showing first 8,000 characters — download PDF for full document]