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.

Embassy Developments has delivered exceptional operational performance in Q4FY26, achieving record-breaking pre-sales and demonstrating strong momentum across its project portfolio. The company's latest disclosure under Regulation 30 highlights significant growth metrics and successful project launches during the quarter ended March 31, 2026.

Record-Breaking Pre-Sales Performance

The company recorded its highest-ever quarterly pre-sales performance, achieving remarkable growth across multiple metrics:

For the full financial year FY26, total pre-sales reached ₹4,631 crore, representing a substantial 128% year-on-year growth. This performance translates to 93% achievement of the company's ₹5,000 crore guidance, with the shortfall attributed to approval delays for one project launch in Bengaluru.

Quarterly Collections and Financial Position

Collections showed consistent improvement with Q4FY26 recording ₹577 crore, reflecting a 39% quarter-on-quarter increase. The annual collection performance demonstrates the company's strong execution capabilities:

As of March 31, 2026, the company maintained a net institutional debt of ₹2,937 crore after adjusting for cash and cash equivalents of ₹1,227 crore.

Strategic Project Launches and Approvals

The quarter witnessed significant project development activities with two major launches contributing substantially to pre-sales performance:

Additionally, Embassy Developments received RERA registration for Phase I of Embassy Serenity in Alibaug, with the project slated for launch in Q1FY27, indicating continued pipeline strength.

Quarterly Performance Trajectory

The company's performance throughout FY26 demonstrates accelerating momentum, with each quarter showing progressive improvement in pre-sales achievement:

The strong market response to new project launches and the robust pre-sales performance position Embassy Developments favorably for continued growth in the upcoming financial year.