Embassy Developments Limited has made available the audio recording of its earnings conference call held on May 21, 2026. The call was convened to discuss the operational and financial performance for the quarter and financial year ended March 31, 2026. This disclosure follows the intimation dated May 15, 2026, regarding the schedule of the meeting.

Conference Call Recording

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has hosted the recording on its official website. The session featured senior leadership, including Managing Director Mr. Aditya Virwani, CEO & Executive Director Mr. Sachin Shah, and CFO & Executive Director Mr. Rajesh Kaimal.

Clarification on Share Price Remarks

During the conference call, specifically around the 39:50 timestamp, management discussed debt conversion. A statement was made noting that the share price was low and awaiting a correction. The company has clarified that the reference to the share price "to be corrected" was intended to convey an expectation of improvement in valuation to appropriate levels for potential equity conversion and dilution, rather than a rectification of an error.

Contact Information

Investors seeking further details can reach out to the company's investor relations department:

Embassy Developments reported FY26 presales of INR4,631 crores, achieving nearly 93% of its INR5,000 crores annual target. The company attributed the shortfall to approval delays in a Bangalore project. Looking ahead to FY27, Embassy Developments has outlined a significantly expanded presales target and a robust launch pipeline underpinned by strong demand.

FY26 Performance and FY27 Presales Target

Despite the approval-related setback, Embassy Developments' FY26 presales of INR4,631 crores reflect a near-complete achievement of its stated target. For FY27, the company has set a presales target of INR8,000 crores, indicating approximately 30% year-on-year growth. The target is split between own projects and DM (development management) projects, as detailed below:

FY27 Collections and Revenue Outlook

Embassy Developments expects FY27 collections to be around INR3,000 crores, reflecting roughly 75% growth compared to the previous year. This growth is expected to be fueled by milestone-linked inflows, which are tied to construction and delivery progress across the company's active project portfolio. The Citadel project is anticipated to contribute INR1,000 crores toward the total INR2,000 crores expected from ongoing stock, underscoring its significance to near-term revenue visibility.

New Launch Pipeline for FY27

The company has outlined a substantial new launch gross development value (GDV) for FY27, spanning both own and DM projects. The pipeline details are as follows:

The breadth of the launch pipeline — spanning 11 own projects alongside two DM projects — highlights the scale of Embassy Developments' planned activity for FY27. The Juhu and Sky Terraces projects together account for an estimated GDV of around INR6,100 crores within the DM segment.

Key Highlights

• FY26 presales of INR4,631 crores fell short of the INR5,000 crores target due to approval delays in Bangalore
• FY27 presales target of INR8,000 crores represents ~30% year-on-year growth
• FY27 collections expected at ~INR3,000 crores, up ~75% from the prior year
• Citadel project anticipated to add INR1,000 crores to total INR2,000 crores from ongoing stock
• New launch GDV for FY27 at ~INR19,400 crores across 13 projects (11 own + 2 DM)

Embassy Developments' FY27 outlook reflects a significant scale-up across presales, collections, and new launches, with the expanded pipeline and milestone-linked collection model forming the core of its near-term growth strategy.