Embassy Property Developments Private Limited (EPDPL), the promoter group of embassy developments , released the pledge over an aggregate of 1,00,00,000 equity shares held by the company on July 14, 2026. This transaction reduces the encumbrance on the promoter's holding, valued at ₹64.79 crore based on the closing price of the shares on the National Stock Exchange of India Limited. The disclosure was submitted to the exchanges on July 15, 2026, in compliance with Regulation 7(2)(b) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

The release of pledge is a follow-up to a previous disclosure made on June 9, 2026, when the promoter group had released the pledge over 2,00,00,000 equity shares. The cumulative release of pledged shares amounts to 3,00,00,000 equity shares across the two transactions. Following the latest release, EPDPL continues to hold 19,37,92,592 equity shares, representing a 13.94% stake in the company.

Details of Pledge Release

The company stated that the intimation aligns with its commitment to high standards of corporate governance and the timely dissemination of information to investors and other stakeholders. The filing was signed by Vikas Khandelwal, Company Secretary of Embassy Developments Limited, while the disclosure from EPDPL was signed by Devika Priyadarsini, Company Secretary.

Embassy Developments reported a significant surge in operational performance for the quarter ended June 30, 2026 (Q1 FY27), driven by robust pre-sales and improved collections. The company achieved pre-sales of INR 868 crore, marking a 338% year-on-year growth compared to INR 198 crore in Q1 FY26. This performance underscores healthy absorption in its projects, particularly in Bengaluru.

Collections for the quarter stood at INR 496 crore, an increase of 54% from INR 322 crore collected in the corresponding period of the previous fiscal year. The company’s net institutional debt was INR 3,363 crore as of June 30, 2026, after adjusting for cash and cash equivalents of INR 1,202 crore.

Operational Highlights

The strong pre-sales figures were supported by continued demand in Bengaluru, where approximately 72% of launched inventory was sold within six months of launch. Cumulatively, of the 4.3 million sq.ft. launched during FY26, about 2.5 million sq.ft., or 59%, has been sold as of June 30, 2026.

Performance Summary

The disclosure was submitted to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.