Embassy Developments approves raising ₹1,170 crore via NCDs

Embassy Developments has approved raising additional funds aggregating up to ₹1,170 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis. This approval increases the overall issue size from up to ₹400 crore to up to ₹1,570 crore. The funds will be utilized for refinancing existing indebtedness, project construction, working capital requirements, and other general corporate purposes.

The board's committee, which met on July 6, 2026, sanctioned the issuance of senior, secured, redeemable, unrated, unlisted NCDs with a face value of ₹1,00,000 each. The issuance will be conducted in one or more tranches, and the actual allotment will be based on the company's requirements. The securities are not proposed to be listed on any stock exchange.

Key Details of the NCD Issuance

The specific terms of the debt securities were outlined in the regulatory filing:

Particulars	Details
Type of Securities	Senior, secured, redeemable, unrated, unlisted NCDs
Face Value	₹1,00,000 per NCD
Total Issue Size	Up to ₹1,570 crore
Mode of Issuance	Private Placement
Listing Status	Not proposed to be listed
Tenure	To be decided by the committee
Coupon Rate	To be decided by the committee
Security	Charge on identified assets of the company and/or subsidiaries

The approval serves as an enabling authorization, and the company will make requisite disclosures regarding the specific amount, purpose, and material terms at the time of issuance. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Embassy Developments was formerly known as Equinox India Developments Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.54%	+1.64%	+9.95%	+5.50%	-46.80%	-47.24%

Embassy Developments will host a meeting for analysts and institutional investors on July 9, 2026, in Mumbai. The non-deal roadshow (NDR) is scheduled to begin at 10:30 AM IST. The company stated that discussions during the meeting will be based on publicly available information and no unpublished price sensitive information (UPSI) is intended to be shared.

The meeting is being organized by JM Financial. The schedule is subject to change due to exigencies on the part of the participants or the company.

Meeting Details

Date & Time	Nature of Meeting	Place
09 July 2026 - 10:30 AM onwards	NDR by JM Financial	Mumbai

The intimation was submitted to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was signed by Vikas Khandelwal, Company Secretary.