Embassy developments announced the approval of fresh stock option grants to its employees under the Embassy Developments Limited Employee Stock Option Scheme 2025. The company's Nomination and Remuneration Committee made these decisions during its meeting held on February 9, 2025, as part of its ongoing employee incentive program.

Grant Details and Lapsed Options

The committee approved the grant of 9,15,265 Stock Options and 7,25,301 Performance Stock Units to eligible employees. Simultaneously, the committee noted the lapse of 2,84,924 Stock Options and 37,52,477 Performance Stock Units, which have been added back to the total pool in accordance with the Embassy ESOS 2025 provisions.

Scheme Structure and Compliance

The Embassy ESOS 2025 has been formulated in compliance with SEBI SBE & SE Regulations, 2021, following shareholder approval and receipt of necessary in-principle approvals from both the National Stock Exchange of India Limited and BSE Limited. Each Stock Option is convertible into one equity share of face value INR 2.00 each, while each Performance Stock Unit converts into equity shares based on achievement of performance parameters.

Vesting and Exercise Terms

The Stock Options granted will vest uniformly over 4 years with a 25% vesting schedule at the end of each year from the grant date. Performance Stock Units will vest upon meeting respective milestones anytime between year 3 and 4, with vesting percentages and equity share numbers dependent on achievement against targets as per Embassy ESOS 2025.

Regulatory Disclosure

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive details as required under the SEBI Master Circular dated January 30, 2026, ensuring full regulatory compliance for the stock option grants.

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.