Catalyst Trusteeship Limited has released its pledge on 5,35,40,000 equity shares of Embassy Developments Limited , representing 3.85% of the company’s paid-up share capital.

The release, effective September 2, 2026, was disclosed to the stock exchanges on September 4, 2026, pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Shareholding Changes

Prior to the release, Catalyst Trusteeship Limited held a pledge over 11,66,35,240 shares, which accounted for 8.387% of the total share capital and 8.271% of the diluted share capital.

Following the transaction, the encumbered holding stands at 6,30,95,240 shares. This represents 4.537% of the paid-up capital and 4.474% of the fully diluted capital.

Capital Structure Context

The disclosure notes that Embassy Developments’ total equity share capital remains unchanged at ₹278,12,66,866, comprising 139,06,33,433 equity shares. The fully diluted share capital is valued at ₹282,02,74,150, which includes 1,95,03,642 equity shares arising from the conversion of outstanding stock options and performance stock units.

Catalyst Trusteeship Limited acted in the capacity of Debenture Trustee on behalf of debenture holders for this transaction. The trustee is not part of the promoter or promoter group.

Canara Bank has appealed before the Supreme Court of India against an order dated May 4, 2026, passed by the National Company Law Appellate Tribunal (NCLAT) in favor of Embassy Developments Limited . The appeal relates to proceedings concerning the Corporate Insolvency Resolution Process (CIRP).

The Supreme Court has listed the matter for hearing on September 24, 2026. Embassy Developments disclosed that no interim order, stay, or other interim relief has been granted against the NCLAT order. Consequently, the tribunal’s decision remains in force pending the final adjudication by the apex court.

Legal Status and Implications

Embassy Developments stated that it does not expect any financial implications or claims arising from this matter based on its present status. The company affirmed its confidence in its legal stand and its commitment to upholding strong governance standards to protect stakeholder interests.

The listed entity intends to take appropriate legal steps under applicable law to defend its interests and those of its shareholders. This development follows earlier intimations by the company regarding the CIRP proceedings, including a disclosure dated May 4, 2026.