Embassy Office Parks REIT has announced that its Debenture Committee approved the issuance of Commercial Papers worth ₹500.00 crores during a meeting held on January 23, 2026. The CP Tranche VIII Issue represents the latest debt raising initiative under the REIT's comprehensive financing framework.

Commercial Paper Issue Details

The Debenture Committee approved the issuance of listed, rated, redeemable, rupee denominated Commercial Papers with specific parameters designed to meet the REIT's financing requirements.

Debt Framework and Compliance

The CP Tranche VIII Issue operates within Embassy REIT's previously established debt raising framework. The Board of Directors of Embassy Office Parks Management Services Private Limited, the Manager to Embassy REIT, had approved raising debt up to an aggregate amount of ₹10,500.00 crores during meetings held on April 23, 2025 and July 31, 2025.

The Committee's approval includes a crucial compliance condition that the total outstanding amount raised by Embassy REIT, its SPVs and Holdco through Commercial Papers must not exceed 10% of Embassy REIT's consolidated outstanding debt. This prudential limit ensures balanced debt composition across different financing instruments.

Fund Utilization Strategy

The proceeds from the CP Tranche VIII Issue will serve dual purposes in Embassy REIT's financial management strategy:

• Debt Repayment: Refinancing existing debt obligations of Embassy REIT, its SPVs and Holdco
• Working Capital: Meeting operational funding requirements across the REIT structure

Meeting Proceedings

The Debenture Committee meeting was conducted efficiently on January 23, 2026, commencing at 14:03 hours IST and concluding at 14:15 hours IST. The meeting outcome was formally communicated to both the National Stock Exchange of India Limited and BSE Limited, maintaining regulatory compliance and transparency requirements.

This Commercial Paper issuance reflects Embassy REIT's ongoing efforts to optimize its debt portfolio while maintaining financial flexibility for operational and strategic requirements across its real estate investment trust structure.

Embassy Office Parks REIT has filed its quarterly Corporate Governance Compliance Report for the quarter ended December 31, 2025, with the National Stock Exchange of India Limited and BSE Limited. The submission was made under Regulation 26E of Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014, and Chapter 16 of SEBI Master Circular dated July 11, 2025.

Board Composition and Leadership

The manager, Embassy Office Parks Management Services Private Limited, operates under a seven-member board of directors with Mr. Jitendra Mohandas Virwani serving as the Non-Executive Non-Independent Chairperson. The board maintains a balanced composition of independent and non-independent directors to ensure effective governance oversight.

A notable change occurred during the quarter when Mr. Arvind Kathpalia transitioned from Non-Executive Non-Independent Nominee Director to Non-Executive Independent Director effective November 13, 2025.

Committee Structure and Governance

The REIT maintains four statutory committees, each with designated chairpersons and specific responsibilities. All committees have regular chairpersons appointed and operate in compliance with SEBI REIT Regulations.

Board and Committee Meetings

During Q3 FY26, the board of directors conducted two meetings on November 5, 2025, and December 2, 2025. Both meetings achieved the required quorum with six and seven directors present respectively, including four and five independent directors.

Committee activities during the quarter included meetings of the Audit Committee on both November 5 and December 2, 2025, while the Nomination and Remuneration Committee and Risk Management Committee each held one meeting on November 5, 2025. The Stakeholders' Relationship Committee did not convene during the quarter.

Regulatory Compliance Affirmations

The report confirms full compliance with SEBI REIT Regulations across all governance parameters. The composition of the board of directors and all committees aligns with regulatory requirements, and committee members have been made aware of their powers, roles, and responsibilities as specified in the regulations. The previous quarter's report was presented to the board on November 5, 2025, with no comments or observations received, while the current report will be placed before the board in the upcoming meeting.