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 Limited has announced its audited financial results for the quarter and financial year ended March 31, 2026. The board of directors approved the standalone and consolidated financial results at a meeting held on May 20, 2026. The company reported a consolidated net loss of ₹8,724.75 million for the financial year ended March 31, 2026, a significant decline from the net profit of ₹1,936.33 million recorded in the previous year ended March 31, 2025.

Consolidated Financial Performance

For the financial year ended March 31, 2026, the company reported revenue from operations of ₹17,318.32 million, a decrease from ₹21,795.04 million in the previous year. Total income for the year stood at ₹19,051.21 million. Total expenses increased to ₹28,026.04 million from ₹24,916.54 million in the prior year. The basic earnings per share (EPS) for the year was reported at a loss of ₹6.43, compared to a profit of ₹2.76 in the previous year.

In the quarter ended March 31, 2026, the company reported a net loss of ₹3,234.32 million, compared to a net profit of ₹1,229.83 million in the corresponding quarter of the previous year. Revenue from operations for the quarter was ₹3,424.63 million, compared to ₹8.9 billion in the same quarter of the previous year.

Standalone Financial Performance

On a standalone basis, the company reported a net loss of ₹2,830.66 million for the year ended March 31, 2026, compared to a net profit of ₹2,641.78 million in the previous year. Total income for the standalone entity was ₹5,263.66 million, down from ₹21,967.86 million in the prior year. The standalone basic EPS for the year was a loss of ₹2.08, compared to a profit of ₹3.66 in the previous year.

Key Developments

The board approved the appointment of Mr. Chirag Boonlia as Chief Technology Officer, a senior management personnel of the company, effective from May 20, 2026. Additionally, the company received share warrant subscription money aggregating to ₹14,058.25 million during the year, pursuant to which equity shares were allotted upon conversion of the warrants. The company also completed the acquisition of 100% shareholding in Squadron Developers Limited during the year.

The trading window for dealing in securities of the company will remain closed until May 24, 2026. The statutory auditors, M/s Agarwal Prakash & Co., issued an audit report with an unmodified opinion on the audited financial results.

Legal Resolutions and Operational Highlights

The Hon’ble National Company Law Appellate Tribunal (NCLAT) by its order dated May 4, 2026, allowed the appeal filed against the order of the NCLT, Delhi Bench. The NCLAT set aside the admission order dated December 9, 2025, and consequently, the insolvency proceedings initiated against the company stand set aside. The tribunal held that no deed of guarantee as alleged had been issued.

In another legal development, the writ petition filed by Embassy Developments Limited challenging the resumption order by KIADB was allowed. The impugned resumption order was set aside after the company filed an undertaking affidavit to abide by the terms of the lease-cum-sale agreement.

Operationally, the company reported pre-sales of INR 4,631 Cr for FY26, an increase of 128% year-on-year. Area sold for FY26 stood at 3,581k sf, up 62% year-on-year. The company launched projects with a GDV of INR 16.3k Cr across six launches during the year. For FY27, the company targets pre-sales of INR 6k Cr and new launch GDV of INR 19.4k Cr.