Embassy developments has successfully completed the allotment of non-convertible debentures worth ₹250 crores on January 30, 2026. The company's duly constituted board committee approved this significant fundraising initiative under the first tranche of a larger ₹400 crore issue through private placement.

Debenture Allotment Details

The allotment comprises 25,000 non-convertible debentures, each carrying a face value of ₹1,00,000. These Tranche A NCDs represent the first phase of the company's total planned issue size of ₹400 crores, executed in compliance with the Companies Act, 2013 and applicable regulatory frameworks.

Security Features and Terms

The debentures are structured as senior, secured, redeemable, unrated, and unlisted instruments. They carry an attractive coupon rate of 11% per annum, with quarterly interest payments scheduled after an initial moratorium period of 6 months. The securities are backed by a charge on identified assets of the company as per the Debenture Trust Deed.

Repayment Structure

The NCDs have a tenure of 42 months commencing from the end of the allotment month. The repayment schedule includes a principal moratorium of 4 quarters, followed by 10 equal installments. Embassy Developments retains flexibility for partial or full prepayment before maturity using surplus funds.

Regulatory Compliance

The allotment was conducted pursuant to Regulation 30 of the SEBI LODR Regulations and follows the disclosure requirements under SEBI circulars dated November 11, 2024 and December 31, 2024. The debentures will not be listed on any stock exchange, maintaining their private placement status.

This fundraising initiative represents Embassy Developments' strategic approach to capital management and provides the company with substantial resources for its operational and growth requirements.

Embassy developments Limited has announced the voluntary strike-off of two non-operational wholly owned subsidiaries from the register of companies. The company informed stock exchanges on January 29, 2026, about this corporate restructuring move aimed at simplifying operations and reducing costs.

Subsidiaries Struck Off

The two subsidiaries that have been dissolved are:

Both subsidiaries had voluntarily applied for strike-off under Section 248 of the Companies Act, 2013, with the jurisdictional Registrar of Companies. Following the strike-off, SCL and ADL have ceased to be wholly owned subsidiaries of Embassy Developments Limited.

Financial Impact and Rationale

The struck-off subsidiaries had minimal financial impact on the parent company's operations. According to the disclosure, both subsidiaries contributed nil turnover, revenue, income, and net worth during the last financial year.

The company stated that it was no longer feasible to continue these subsidiaries given their non-operational status over recent years.

Strategic Benefits

Embassy Developments Limited outlined three key strategic benefits from this corporate action:

• Corporate Structure Simplification: Streamlining the overall organizational structure
• Cost Reduction: Eliminating unnecessary administrative and compliance costs
• Operational Efficiency: Improving overall operational efficiency across the group

The company emphasized that this event does not qualify as a sale of any units, divisions, or substantially the whole undertaking of the listed entity. However, in line with good corporate governance practices, the company provided detailed disclosures as required under SEBI regulations.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Embassy Developments Limited provided comprehensive disclosures following SEBI circulars dated November 11, 2024, and December 31, 2024, ensuring full transparency with stakeholders and regulatory authorities.