Embassy developments Limited has fulfilled its quarterly regulatory obligations by submitting the mandatory certificate under Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The submission was made to both major stock exchanges on April 14, 2026.

Regulatory Compliance Submission

The certificate was submitted to BSE Limited and National Stock Exchange of India Limited, confirming the company's adherence to SEBI's depository regulations. Company Secretary Vikas Khandelwal signed the submission documents, ensuring proper corporate governance protocols were followed.

Certificate Details and Verification

KFIN Technologies Limited, serving as the Registrar and Share Transfer Agent for Embassy Developments Limited, issued the compliance certificate. The certificate confirms that all details of securities dematerialized and rematerialized during the quarter ended March 31, 2026 have been properly furnished to stock exchanges where the company's shares are listed.

C Shobha Anand, Vice President at KFIN Technologies Limited, signed the certificates addressed to both Central Depository Services (India) Limited and National Securities Depository Limited. The certificates were dated April 1, 2026, and confirm compliance with SEBI's depositories and participants regulations.

Corporate Structure and Operations

Embassy Developments Limited, formerly known as Equinox India Developments Limited and earlier as Indiabulls Real Estate Limited, maintains its registered office in Gurugram, Haryana. The company operates from multiple locations including Bengaluru and Mumbai offices, with comprehensive investor relations and corporate communication infrastructure in place.

The submission represents part of the company's ongoing regulatory compliance framework, ensuring transparency in securities handling and maintaining good standing with market regulators and depositories.

Embassy developments has informed stock exchanges that its equity shares have been moved to enhanced surveillance measures following significant price movements, while simultaneously reporting record quarterly business performance.

Surveillance Action Implementation

Effective April 10, 2026, the company's equity shares have been moved from IBC Stage 0 to IBC Stage 1 under the Additional Surveillance Measure (ASM) Framework. This action was taken by both BSE Limited and National Stock Exchange of India Limited due to an upward price variation exceeding 25% over five trading sessions.

The company noted that the upward movement reflects strong investor and shareholder confidence in its fundamentals and outlook. Under the current framework, shares will be traded once a week as a temporary surveillance measure aimed at ensuring orderly market conduct.

Record Financial Performance

Despite the surveillance action, Embassy Developments reported exceptional business performance for Q4 FY26, achieving its highest-ever quarterly pre-sales. The company filed its Q4 and FY26 operational update with stock exchanges on April 9, 2026.

During Q4 FY26, the company strengthened its launch pipeline with RERA registration for Embassy Serenity, Alibaug (Phase I), and recorded strong market response to launches of Embassy Citadel, Worli and Embassy Verde 2, Bengaluru.

Legal Proceedings Update

The NCLAT hearing regarding the Corporate Insolvency Resolution Process (CIRP) matter was scheduled for April 10, 2026. However, the respondent's counsel requested an adjournment, which was granted by the Hon'ble NCLAT with an observation that no further adjournment shall be sought by the respondents. The matter has been rescheduled for April 17, 2026.

Company's Financial Position

Embassy Developments management has reiterated several key points regarding its current status:

• The stay granted by NCLAT continues to be in force • The company is not subject to CIRP under the Insolvency and Bankruptcy Code • The matter relates to an exposure of approximately ₹370 crore, which is limited when viewed against the company's net equity base • The company has no debt-obligation, with documents relating only to a contingent equity infusion obligation as a secondary obligor • Operations continue in the normal course with the company remaining financially sound

The company emphasized that it is not undergoing Corporate Insolvency Resolution Process and continues to remain financially sound and fully operational, with the impugned NCLT order remaining stayed by the NCLAT.