BSEOthers20 Aug 2026 · 20 Aug 2026, 09:41 pm
Embassy Office Parks REIT has informed the Exchange regarding Credit rating obtained on 18/08/2026
Embassy Office Parks REIT · 542602
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Embassy Office Parks REIT has informed the Exchange regarding Credit rating obtained on 18/08/2026. CRISIL has assigned the credit rating of CRISIL AAA / Stable for the non-convertible debentures to be issued by Embassy REIT.
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Growth Catalyst2/10
Governance Concern1/10
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Balance Sheet Risk5/10
Liquidity Impact8/10
Market Sentiment6/10
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Full Announcement
Embassy Office Parks REIT - 542602 - Reg 23(5)(d): Disclosure of details of any credit rating obtained by the REIT and any change in such rating
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August 20, 2026
To, To,
The Corporate Relations Department, The Corporate Relations Department,
The National Stock Exchange of India Limited, Department of Corporate Services,
Exchange Plaza, 5th Floor, BSE Limited,
Plot No. C/1, G-Block, Bandra-Kurla Complex, 25th Floor, Phiroze Jeejeebhoy Towers,
Bandra (East), Mumbai − 400051. Dalal Street, Mumbai − 400001.
Re: Scrip Symbol “EMBASSY”, Scrip Code 542602, Scrip Codes 973434, 973546, 973910, 975051,
976042, 976240, 976699, 976700, 976864, 976946, 977606 and 977901 (NCDs) and Scrip Codes
731343, 731468, 731469 and 732282 (CPs).
Dear Sir/ Madam,
Subject: Disclosure under Regulation 23(5) of the SEBI (Real Estate Investment Trusts) Regulations,
2014, in respect of Credit Rating letters received by Embassy Office Parks REIT (“Embassy REIT”)
We wish to inform you that CRISIL Ratings Limited (“CRISIL”) has assigned the credit rating of CRISIL
AAA / Stable for the non-convertible debentures to be issued by Embassy REIT. CRISIL has also re-
affirmed the credit rating of CRISIL AAA / Stable for the non-convertible debentures issued / to be issued
by Embassy REIT, CRISIL A1+ for the commercial papers issued/ to be issued by Embassy REIT and
CRISIL AAA / Stable for the Corporate Credit Rating of Embassy REIT.
Please see enclosed, as Annexure I, the details of the aforementioned credit ratings and the rating letters
along with rationale issued by CRISIL as Annexure II.
Thanking you,
For and on behalf of Embassy Office Parks REIT acting through its Manager, Embassy Office Parks
Management Services Private Limited
Vinitha Menon
Head - Company Secretary and Compliance Officer
A25036
Encl: As above
Embassy Office Parks Management Services Private Limited (acting as the Manager to Embassy Office Parks REIT)
Registered Office: 12th Floor, Pinnacle Tower, Embassy One, 8, Bellary Road, Ganganagar, Bengaluru, Karnataka, India – 560 032
T: (080) 69354864 E: secretarial@embassyofficeparks.com CIN: U70100KA2014PTC073362
Website of Embassy Office Parks REIT: www.embassyofficeparks.com
Annexure - I
S. ISIN Name of the Credit Credit Outlook Rating action Specify Date of Verification Date of
No. Rating Agency rating (Stable/ (New/ Upgrade/ other credit rating status of CRAs verification
assigned Positive/ Downgrade/ rating action (verified/ not
Negative/ No Reaffirm/ Other) verified)
Outlook)
1. INE041007068 Crisil Ratings Limited Crisil AAA Stable Reaffirm NA 18-08-2026 Verified 18-08-2026
2. INE041007084 Crisil Ratings Limited Crisil AAA Stable Reaffirm NA 18-08-2026 Verified 18-08-2026
3. INE041007092 Crisil Ratings Limited Crisil AAA Stable Reaffirm NA 18-08-2026 Verified 18-08-2026
4. INE041007118 Crisil Ratings Limited Crisil AAA Stable Reaffirm NA 18-08-2026 Verified 18-08-2026
5. INE041007142 Crisil Ratings Limited Crisil AAA Stable Reaffirm NA 18-08-2026 Verified 18-08-2026
6. INE041007159 Crisil Ratings Limited Crisil AAA Stable Reaffirm NA 18-08-2026 Verified 18-08-2026
7. INE041007167 Crisil Ratings Limited Crisil AAA Stable Reaffirm NA 18-08-2026 Verified 18-08-2026
8. INE041007175 Crisil Ratings Limited Crisil AAA Stable Reaffirm NA 18-08-2026 Verified 18-08-2026
9. INE041007183 Crisil Ratings Limited Crisil AAA Stable Reaffirm NA 18-08-2026 Verified 18-08-2026
10. INE041007191 Crisil Ratings Limited Crisil AAA Stable Reaffirm NA 18-08-2026 Verified 18-08-2026
11. INE041007209 Crisil Ratings Limited Crisil AAA Stable Reaffirm NA 18-08-2026 Verified 18-08-2026
12. INE041007217 Crisil Ratings Limited Crisil AAA Stable Reaffirm NA 18-08-2026 Verified 18-08-2026
13. INE041014080 Crisil Ratings Limited Crisil A1+ - Reaffirm NA 18-08-2026 Verified 18-08-2026
14. INE041014098 Crisil Ratings Limited Crisil A1+ - Reaffirm NA 18-08-2026 Verified 18-08-2026
15. INE041014106 Crisil Ratings Limited Crisil A1+ - Reaffirm NA 18-08-2026 Verified 18-08-2026
16. INE041025011 Crisil Ratings Limited Crisil AAA Stable Reaffirm NA 18-08-2026 Verified 18-08-2026
Embassy Office Parks Management Services Private Limited (acting as the Manager to Embassy Office Parks REIT)
Registered Office: 12th Floor, Pinnacle Tower, Embassy One, 8, Bellary Road, Ganganagar, Bengaluru, Karnataka, India – 560 032
T: (080) 69354864 E: secretarial@embassyofficeparks.com CIN: U70100KA2014PTC073362
Website of Embassy Office Parks REIT: www.embassyofficeparks.com
Crisil
Annexure II
Ratings
CONFIDENTIAL
RL/ESOFPR/401783/NCD/0826/l 56450/168561393
August 18, 2026
Mr. Sudarsan Balasubramaniam
Deputy General Manager -Treaswy
Embassy Office Puks Reit
12th Floor, Pinnacle Tower, Embassy One 8
Bellary Road, Ganganagar,
Bengaluru Urban -560032
9866500233
Dear Mr. Suda.rsan Ba.lasubramaniam,
Re: Crisil Rating on the Rs. 1500 Crore Non Convertible Debentures of Embassy Office Pru-ks Reit
We refer to your request for a raring for the captioned Debt instrument.
Crisil Ratings has after due consideration, assigned a Cri.sil AAA/Stable (pronounced as Crisil triple A rating with Stable
outlook) rating to the captioned Debt instrument. Securities ·1.vith this rating are considered to have the highest degree of
safety regarding timely servicing of financial obligations. Such secwi.ties cany lowest credit 1i.sk.
Further, in view of your decision to accept the Crisil Ratings, we request you to apprise us of the instrument details (in the
enclosed fmmat) as soon as it has been placed. In the event of your company not ma.king the issue within a petiod of 180
days from the above date, or in the event of any change in 1he size or stmcture of your proposed issue, a fresh letter of
revalidation from Crisil Ratings will be necessaty.
As per our Rating Agreement, C1isil Ratings would disseminate the rating along with outlook through its publications and
other media, and keep the rating along with outlook wider surveillance for the life of the instrument. Cti.sil Ratings
reserves the 1i.ght to withdraw, or revise the rating / outlook aissigned to the captioned instrument at any ti.me, on the basis
of new information, or unavailability of infonnation, or other circmnstances which Cti.sil Ratings believes may have an
impact on the rating. Please visit ww\v.crisilratings.com and search with the name of the rated entity to access the latest
rating/s.
As per SEBI circular (reference number: CIRIIMD/DF /17/2013; dated October 22 2013) on centralized database for
corporate bonds/debentures, you are required to provide international securities identification nwnber (ISIN; along with
the reference number and the date oftl1e rating letter) of all bond/debenture issuances made against this rating letter to us.
The circular also requires you to share this infonnation with us within 2 days after the allotment of the ISIN. We request
you to mail us all the necessaiy and relevant information at d,~btissue@c1i.sil.com. This will enable Cti.sil Ratings to verify
and confum to the depositories, including NSDL and CDSL, the ISIN details of debt rated by us, as required by SEBI.
Feel free to contact us at debtissue@crisil.com for any clarification you may need.
Crisil Ratings' products / activities or ratings of instruments other than 'securities that are listed or proposed to be listed'
may fall under the pwview of financial sector regulators (FSRs) otl1er than SEBI. In respect of such products/ activities or
ratings (under the purview of other FSRs such as Rese1ve Bank of India (RBI), Ministty of Corporate Affairs (M:CA),
Insurance Regulatory and Development Authority of India (IRDAI), among others), the grievance / dispute redressal and
investor protection mechanisms available under SEBI regulations shall not be applicable. A list of products/activi •
ratings of inst:tuments falling wider the pmview of various F SRs along with the names of respective FSRs has been
disclosed by Cti.sil Ratings on its website.
A link to the same has been provided below for ready reference:
https://www.crisilratings.com/en/home/our-business/ratings/rcgulatory-disclosures/list-of-activities-instmments-a.nd
names-of-regul
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