Embassy Developments has approved raising up to ₹160 crore through the private placement of non-convertible debentures. The Board’s constituted committee granted the enabling authorization during its meeting on September 19, 2026.

The company will issue up to 16,000 NCDs with a face value of ₹1,00,000 each. These instruments are rated, secured, redeemable, and taxable but will not be listed on any stock exchange. The issuance is structured to occur in one or more tranches, series, or parts thereof, as and when required by the company.

Deal Structure and Terms

The NCDs will be secured by a charge on identified assets of Embassy Developments or its subsidiaries. Specific terms regarding tenure, coupon rates, interest payment schedules, and redemption mechanisms remain to be finalized. These details will be mutually agreed upon between the relevant parties and approved by the Board’s constituted committee from time to time.

Regulatory Disclosures

The approval was disclosed under Regulation 30 of the SEBI LODR Regulations, 2015, read with the SEBI master circular dated January 30, 2026. This disclosure serves as an enabling authorization; further details including the specific amount, purpose, and material terms for each tranche will be disclosed at the time of actual issuance in compliance with applicable laws.

Embassy Developments, formerly Equinox India Developments Limited, maintains its registered office in Gurugram with operational offices in Bengaluru and Mumbai. The disclosure was signed by Vikas Khandelwal, Company Secretary.

Embassy Developments has launched Embassy Origins, an 85-acre residential project in North Bengaluru, with the first phase carrying a gross development value of approximately ₹4,500 crore.

Project overview

Embassy Origins marks a large-scale residential development in North Bengaluru, spanning 85 acres. The project's first phase comprises two distinct components, Embassy Riverine and Embassy South Reserve, together anchoring the overall development.

The development is built around a 'Natural Intelligence' design philosophy, integrating approximately 4,000 trees across 100–120 species. Designed by Bhumiputra Architecture, the masterplan features a central riparian corridor that follows natural water systems and contours to support biodiversity and create a cooler microclimate.

First phase highlights

The first phase of Embassy Origins has received RERA approvals for a combined inventory of 217 villas and 855 apartments. The key details of the launch are summarised below.

Inventory breakdown

Embassy Riverine offers 217 villas (4, 4.5 and 5 BHK) across approximately 1.1 million sq. ft. of saleable area. Embassy South Reserve provides 855 apartments (Studio to 3.5 BHK) across approximately 1.5 million sq. ft. The development is located 20 minutes from Kempegowda International Airport.

Experience centre

As part of the launch, the company unveiled one of India's first residential experience centres using immersion technology. Moving beyond traditional show suites, the centre uses projection mapping, soundscapes, and digital tools to convey the development's relationship with landscape and water.

Brand campaign

On September 18, 2026, the company launched a new brand campaign for Embassy Origins titled 'Natural Intelligence'. The campaign contrasts Artificial Intelligence with Natural Intelligence, positioning nature as a system of intelligence that shapes community design and human experience.

Emanda Vaz, Chief Marketing Officer, stated that the campaign shifts the traditional real-estate narrative by introducing the philosophy behind the place before the place itself. The rollout covers outdoor, social, digital and OTT platforms.

Discovery Centre

The campaign extends into the Embassy Origins Discovery Centre, designed by in-house teams and executed by Next Level Experiences. The centre offers a multi-sensory journey inspired by the riparian corridor and forest surroundings. It features immersive simulations, native plant fragrances, and sensory installations to bring the sights, sounds, scents, and textures of the development to life.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE069I01010/04b3c961-dd00-4bd1-9459-5bdd9f152035.pdf