Embassy Office Parks REIT disclosed that Donnie Dominic George, General Counsel of its manager, sold 27,650 units on October 8, 2026. The transaction valued at ₹1.18 crore was executed on the National Stock Exchange under a pre-approved trading plan.

The sale was reported in compliance with Regulation 7(2) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. George held these units through the Embassy Office Parks REIT Employee Welfare Trust, granted under the Employee Incentive Plan 2020. The trading plan governing this disposal was approved on May 29, 2026.

Transaction details

The disclosure confirms that George disposed of his entire holding in the REIT. Prior to the sale, he held 27,650 units, representing 0.0029% of the total units. Post-transaction, his holding stands at nil. The mode of disposal was recorded as "On Market" with the trade executed on the NSE.

Regulatory compliance

The filing was submitted by Vinitha Menon, Head – Company Secretary and Compliance Officer, on behalf of Embassy Office Parks Management Services Private Limited. The document serves as a continual disclosure required for designated persons dealing in securities. No derivatives were involved in this transaction, as indicated by the "Not Applicable" status in the derivative trading section of the form.

Embassy Office Parks REIT disclosed that its sponsor, Embassy Property Developments Private Limited, holds 98.35% of its total units as pledged or encumbered as of September 30, 2026. The sponsor’s overall stake represents 7.69% of the REIT’s total outstanding units.

The filing, submitted to the National Stock Exchange and BSE under SEBI guidelines, details the unitholding pattern for the quarter ended September 30, 2026. The sponsor group’s foreign entities, including BRE/Mauritius Investments and various Singapore-based holding companies, reported no unit holdings for this period.

Public Holding Composition

Public investors hold the majority of the REIT’s units, accounting for 92.21% of the total outstanding units. Institutional investors dominate this segment with a combined stake of 72.76%, while non-institutional investors hold 19.45%.

Mutual funds remain the largest institutional category at 33.33%, followed closely by Foreign Portfolio Investors at 31.94%. Insurance companies hold 5.58%, while provident and pension funds account for 0.56%.

Top Unitholders

Among public unitholders, Parag Parikh Mutual Fund is the largest single holder with 9.89% of the total outstanding units. ICICI Prudential Mutual Fund follows with 8.66%, and HDFC Mutual Fund holds 4.86%.

• Parag Parikh Mutual Fund: 9,37,49,221 units (9.89%)
• ICICI Prudential Mutual Fund: 8,21,31,908 units (8.66%)
• HDFC Mutual Fund: 4,60,95,824 units (4.86%)
• SBI Mutual Fund: 3,63,97,870 units (3.84%)
• Amita Garg: 2,78,24,552 units (2.94%)

What the Numbers Show

The data reveals a significant concentration of pledge risk within the sponsor's limited equity stake. While Embassy Property Developments Private Limited holds only 7.69% of the REIT, nearly all of these units (7,16,64,279 out of 7,28,64,279) are pledged. This indicates that the sponsor has leveraged almost its entire position, potentially for financing purposes, leaving minimal unencumbered collateral from the sponsor side. Meanwhile, the public float is heavily dominated by institutional players, with mutual funds and FPIs collectively controlling over 65% of the total outstanding units, suggesting high institutional confidence in the asset class.