Corrigendum

August 27, 2026 Scrip Code: 532832 Symbol: EMBDL BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G, Bandra Kurla Dalal Street, MUMBAI – 400 001 Complex, Mumbai – 400 051 Sub: Corrigendum to the notice of 20th Annual General Meeting (“AGM”) of the Members of Embassy Developments Limited (the “Company”) Dear Sir/Madam, In continuation of our intimation dated August 16, 2026 and the notice dated August 10, 2026 convening the 20th AGM of the Company, scheduled to be held on Tuesday, September 08, 2026, at 11:30 A.M. (IST) through Video Conferencing (“VC”) / Other Audio-Visual Means (“OAVM”) (“AGM Notice”), we enclose herewith a corrigendum to the AGM Notice (“Corrigendum”). The Corrigendum is issued pursuant to an internal review undertaken by the Company and in accordance with the guidance received from, and requirements specified by, the stock exchanges in connection with the proposed Preferential Issue, to update, modify and provide certain additional information and clarifications to the disclosures contained in the AGM Notice, in the interest of accuracy and completeness of the information made available to the Members prior to the AGM. The Corrigendum forms an integral part of the AGM Notice, which was circulated to the Members of Company on August 16, 2026, and the AGM Notice shall always be read in conjunction with the Corrigendum. The Corrigendum has been sent electronically to all those Members of the Company to whom the AGM Notice was sent on August 16, 2026, at their registered email addresses and is being published in Financial Express (English) and Jansatta (Hindi) and will also be made available on the website of the Company www.embassyindia.com. All other contents of the AGM Notice dated August 10, 2026, except as set out in the Corrigendum, shall remain unchanged and effective. This is for your information and records. 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: 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 LIMITED (formerly Equinox India Developments Limited) CIN: L45101HR2006PLC095409 Registere Office: Office No 01-1001, WeWork, Blue One Square, Udyog Vihar Phase 4 Rd, Gurugram-122016, Haryana Email: ir@embassyindia.com | Tel: 0124-4609559 | Website: www.embassyindia.com Compliance Officer: Mr. Vikas Khandelwal CORRIGENDUM TO THE NOTICE OF 20TH ANNUAL GENERAL MEETING Embassy Developments Limited (formerly Equinox India Developments Limited) (the “Company”) issued a notice dated August 10, 2026 (“AGM Notice”) for convening the 20th Annual General Meeting of the members / shareholders of the Company (“Members”), scheduled to be held on Tuesday, the 8th day of September, 2026, at 11:30 A.M. (“AGM”), through Video Conferencing (“VC”) / Other Audio-Visual Means (“OAVM”). This corrigendum (“Corrigendum”) is being issued pursuant to an internal review undertaken by the Company and in accordance with the guidance received from, and requirements specified by, the stock exchanges in connection with the proposed Preferential Issue, to update, modify and provide certain additional information and clarifications to the disclosures contained in the AGM Notice, in the interest of accuracy and completeness of the information made available to the Members prior to the AGM. Capitalized terms used but not defined herein shall have the meanings ascribed to them under the AGM Notice. ITEM NO. 6 - PREFERENTIAL ISSUE OF WARRANTS: OBJECTS OF THE ISSUE: The “Objects of the Issue” mentioned under Clause I of the Explanatory Statement at page no. 19, is to be substituted with and read as follows: S. No. Object Estimated Amount Estimated timeline for utilization 1. Repayment and/or prepayment Upto ₹350,00,00,000/- Within 15 (fifteen) days from the of debt, including interest respective dates of receipt of the thereon, availed by the subscription monies, subject to receipt subsidiaries of the Company of all necessary approvals, if any, and from Proposed Allottee and compliance with all applicable other entities affiliated with the conditions governing the utilisation of Proposed Allottee the Issue proceeds. 2. General Corporate Purpose Upto ₹12,61,82,539/- Within 6 (six) months from the respective dates of receipt of the subscription monies. Total Upto ₹3,62,61,82,539/- Any reference relating to “repayment and/or prepayment of borrowings/debt/loans of the Company and/or its subsidiaries” or any similar expression shall be read and construed as referring solely to “repayment and/or prepayment of debt, including interest thereon, availed by the subsidiaries of the Company”. The paragraph appearing under clause I “Objects of the Issue” of the Explanatory Statement at page no. 19 of the AGM Notice, which states that “If the Issue proceeds are not utilized (in full or in part) during the period stated above, the relevant portion of the Issue proceeds will be utilized in subsequent periods in such manner as may be determined by the Board, in accordance with and subject to compliance with applicable law.”, shall stand deleted in its entirety. Other terms and notes related to the Objects of the Issue shall remain unchanged. Page 1 of 4 90 TRADING DAYS’ VOLUME WEIGHTED AVERAGE PRICE: The reference to the 90 trading days’ volume weighted average price (“VWAP”) of the Equity Shares of the Company preceding the Relevant Date, appearing as “₹60.89/-” under paragraph VI(i)(i) in the Explanatory Statement at page no. 21, is to be read as “₹62.51/-”. FLOOR PRICE: The reference to the floor price of “₹61.45/-” per Equity Share appearing in the Explanatory Statement, and all other references to the floor price wherever appearing therein, is to be read as “₹62.51/-” per Equity Share. THE PRE-ISSUE AND POST-ISSUE SHAREHOLDING PATTERN OF THE COMPANY: The Pre-Issue and Post-Issue shareholding pattern of the Company appearing under paragraph VI(iii) at page no. 22 in the Explanatory Statement, is to be substituted with and read as follows: S. No. Category of Shareholders Pre-Issue Post-Issue (as on Relevant Date)* (based on Relevant Date)** No of shares % of share No of shares % of share holding holding A. Promoters and Promoter Group Holding 1 Indian (a) Individuals /Hindu undivided Family 2,14,01,895 1.54 2,14,01,895 1.48 (b) Bodies Corporate 57,17,27,228 41.11 60,42,46,128 41.88 Sub-Total (A)(1) 59,31,29,123 42.65 62,56,48,023 43.37 2 Foreign (a) Individuals /Hindu undivided Family - - - - (b) Bodies Corporate - - - - Sub-Total (A)(2) - - - - Total Promoters & Promoter Group (A) 59,31,29,123 42.65 62,56,48,023 43.37 B. Non-Promoters Holding 1 Institutional Investors (a) Mutual Funds 3,74,67,599 2.69 3,74,67,599 2.60 (b) Alternative Investment Fund 4,904 0.00 4,904 0.00 (c) Foreign Portfolio Investors 9,88,69,680 7.11 9,88,69,680 6.85 (d) Financial Institutions/ Banks 636 0.00 636 0.00 (e) Foreign Direct Investment 23,07,69,821 16.59 23,07,69,821 16.00 (f) NBFCs registered with RBI 44,82,642 0.32 44,82,642 0.31 (g) Insurance Companies - - - - Sub-Total (B) (1) 37,15,95,282 26.72 37,15,95,282 25.76 2 Central Government/ State Government(s) 1,500 0.00 1,500 0.00 / President of India Sub-Total (B) (2) 1,500 0.00 1,500 0.00 3 Non-Institutions (a) Directors and their relatives 1,19,800 0.01 1,19,800 0.01 (b) Key Managerial Personnel 1,30,000 0.01 1,30,000 0.01 (c) Individual share capital up to ₹2 lakh 19,71,19,036 14.17 19,71,19,036 13.66 (d) Individual share capital in e [Showing first 8,000 characters — download PDF for full document]