Embassy Office Parks REIT has decided not to exercise the call option for its Series IV Non-Convertible Debentures (NCDs) aggregating ₹300 Cr. The Third Call Option Date under the Debenture Trust Deed is August 07, 2026. Consequently, the REIT will not redeem any of the debentures on this date. The ISIN for the debentures is INE041007068.

The Debenture Trust Deed was originally dated September 03, 2021, and was amended on December 01, 2025. Catalyst Trusteeship Limited acts as the debenture trustee for the issuance. The decision to forgo the call option was communicated via a notice dated June 26, 2026, addressed to the debenture holders and the trustee.

Key Details of the NCD Issuance

The notice confirms that the REIT had the right to redeem all debentures in full on the Third Call Option Date. To exercise this option, a notice was required to be delivered at least three business days prior, specifically on or before August 03, 2026. The REIT has confirmed that it will not issue the Call Option Notice or exercise the option available on the Third Call Option Date.

The intimation was submitted to the National Stock Exchange of India Limited and BSE Limited on June 26, 2026, in compliance with Regulation 15 of the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021. The filing was made by Vinitha Menon, Head – Company Secretary and Compliance Officer.

Embassy Office Parks REIT has allotted 70,000 secured, redeemable, non-convertible debentures aggregating to a principal amount of ₹700 crore on a private placement basis. The Series XVII Debentures carry a coupon rate of 7.49% per annum payable quarterly and have a tenor of 3 years from the deemed date of allotment of June 23, 2026. The allotment was approved by the Borrowings Committee of the Board of Directors of Embassy Office Parks Management Services Private Limited, the Manager to Embassy REIT, through a resolution passed by circulation on June 23, 2026.

The issue price for the Series XVII Debentures was discovered using the multiple yield allotment method via the Electronic Book Building Platform of BSE Limited on June 22, 2026. Embassy REIT received a total consideration of ₹700.241 crore against the aggregate principal amount of ₹700 crore. The debentures have a face value of ₹1,00,000 each and are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.

Proceeds from the issuance will be utilized towards the repayment of existing debt and/or for capital expenditure purposes of the special purpose vehicles of Embassy REIT. The committee had previously authorized the raising of debt up to an aggregate amount of ₹9,000 crore through various permitted modes, including refinancing existing debt.

Key Details of Series XVII Debentures