Embassy developments has successfully completed a significant debt fundraising initiative through the allotment of non-convertible debentures worth INR 25 crores. The company's duly constituted board committee approved this allotment on March 16, 2026, marking an important milestone in the company's financing strategy.

Debenture Allotment Details

The allotment comprises 2,500 non-convertible debentures, each carrying a face value of INR 1,00,000. This allotment represents a portion of the company's larger fundraising plan, with a total issue size of INR 400 crores. The debentures were issued on a private placement basis, ensuring compliance with the Companies Act, 2013, and other applicable regulatory requirements.

Financial Terms and Structure

The non-convertible debentures offer attractive terms for investors with an 11% per annum coupon rate. The interest payments follow a quarterly schedule after an initial moratorium period of 6 months. The debentures have a tenure of 40 months and 15 days commencing from the allotment date of March 16, 2026.

Security and Repayment Framework

The debentures are classified as senior, secured, redeemable, unrated, and unlisted instruments. They are secured by charges on identified assets of Embassy Developments Limited as per the Debenture Trust Deed, providing security to debenture holders. The repayment structure includes a principal moratorium of 4 quarters, followed by repayment in 10 equal installments.

The company retains flexibility in its repayment approach, with provisions for partial or full prepayment before the maturity date using surplus funds. This structure demonstrates the company's commitment to maintaining financial flexibility while honoring its debt obligations.

Regulatory Compliance

The allotment was conducted in strict adherence to regulatory requirements under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive disclosures as mandated by the SEBI master circular dated January 30, 2026, ensuring transparency for all stakeholders.

This debenture allotment represents Embassy Developments Limited's strategic approach to debt financing, providing the company with necessary capital while offering investors a structured investment opportunity with defined returns and security features.

Embassy Developments Limited has successfully completed the voluntary strike-off of three non-operational step-down subsidiaries as part of its corporate restructuring initiative. The company informed stock exchanges on March 16, 2026, that the subsidiaries have been officially struck off from the register of companies maintained by the Registrar of Companies, Delhi.

Subsidiaries Struck Off

The three entities that have been dissolved are:

All three subsidiaries have now ceased to be subsidiaries of Embassy Developments Limited following their dissolution.

Strategic Corporate Restructuring

This strike-off action represents a continuation of Embassy Developments' broader corporate simplification strategy. The company had previously intimated similar actions through communications dated January 29, 2026, February 05, 2026, and March 10, 2026, indicating a systematic approach to streamlining its subsidiary structure.

The primary objectives of this restructuring initiative include:

• Simplifying the overall corporate structure
• Reducing administrative costs
• Minimizing compliance-related expenses

Financial Impact Assessment

According to the regulatory disclosure, the financial impact of these strike-offs is minimal. The dissolved subsidiaries contributed nil amounts across all key financial metrics during the last financial year:

Regulatory Compliance

Embassy Developments emphasized that this transaction does not qualify as a sale of any units, divisions, or substantially the whole undertaking of the listed entity. However, in the interest of good corporate governance and as an abundant precaution, the company provided detailed disclosures in the format prescribed under the SEBI Master Circular dated January 30, 2026.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full transparency with stakeholders and regulatory authorities.