Embassy Office Parks REIT has formally notified stock exchanges of its decision not to exercise the call option for its Series IV Non-Convertible Debentures worth ₹3,00,00,00,000. The announcement, made on April 24, 2026, confirms that the REIT will maintain its current debt structure rather than opt for early redemption.

Debenture Details and Timeline

The debentures in question were issued under a comprehensive framework established through a Debenture Trust Deed. Key details of the instrument include:

Call Option Framework

Under the terms of the Debenture Trust Deed, Embassy REIT holds the right to redeem all debentures in full on designated call option dates. The regulatory framework requires the REIT to provide at least three business days' notice prior to exercising any call option. For the upcoming Second Call Option Date of June 07, 2026, this notice period would require delivery by June 03, 2026.

Regulatory Compliance and Communication

The REIT's decision aligns with Regulation 15 of the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021. Embassy REIT has fulfilled its disclosure obligations by simultaneously notifying:

• The National Stock Exchange of India Limited
• BSE Limited
• Catalyst Trusteeship Limited (Debenture Trustee)
• All debenture holders

Corporate Structure and Authorization

The formal communication was executed by Vinita Menon, Head – Company Secretary and Compliance Officer, acting on behalf of Embassy Office Parks REIT through its manager, Embassy Office Parks Management Services Private Limited. The digitally signed notices were issued on April 24, 2026, ensuring proper documentation and legal compliance.

Market Implications

By choosing not to exercise the call option, Embassy REIT will allow the debentures to continue according to their original maturity schedule. This decision suggests the REIT's current capital allocation strategy does not prioritize early debt redemption at this time. The debentures will remain outstanding beyond the June 07, 2026 call date, maintaining the existing debt structure for debenture holders.

Embassy Office Parks REIT has submitted its unitholding pattern for the quarter ended March 31, 2026, to the National Stock Exchange and BSE Limited in accordance with SEBI Master Circular requirements. The submission was made on April 16, 2026, by Vinitha Menon, Head - Company Secretary and Compliance Officer.

Unitholding Structure Overview

The REIT's total outstanding units stand at 94,78,93,743 as of March 31, 2026. The unitholding pattern reveals a clear distribution between sponsor, public, and employee welfare trust holdings.

Sponsor Holdings and Pledging

Embassy Property Developments Private Limited serves as the sole Indian sponsor, holding 7,28,64,279 units representing 7.69% of total outstanding units. Notably, 7,16,64,279 units (98.35% of sponsor holdings) are pledged or otherwise encumbered. The foreign sponsor entities, including BRE/Mauritius Investments and various sponsor group companies, currently hold no units.

Public Holding Composition

Institutional investors dominate the public holding with 70,05,23,693 units (73.90% of total outstanding units). The institutional category breakdown shows:

Non-institutional public holding accounts for 17,32,28,242 units (18.28%), primarily comprising individual investors with 14,52,05,898 units (15.32%) and body corporates holding 2,37,90,927 units (2.51%).

Top Unitholders

Among non-sponsor unitholders, mutual funds feature prominently in the top five positions:

Regulatory Compliance

The unitholding pattern submission complies with Clause 4.13 of Chapter 4 of SEBI Master Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated July 11, 2025. The Embassy Office Parks REIT Employee Welfare Trust holding is classified as "non-sponsor and non-public" unitholding as per SEBI REIT Regulations, 2014, though it appears under public unitholding in exchange reporting systems due to XBRL utility limitations.