News Corporate Actions Embassy Office Parks REIT Decides Not to Exercise Call Option on ₹11,000 Crore DebenturesEmbassy Office Parks REIT Decides Not to Exercise Call Option on ₹11,000 Crore Debentures
Embassy Office Parks REIT announced on March 06, 2026, its decision not to redeem Series VB Non-Convertible Debentures worth ₹11,000,000,000 on the First Call Option Date of April 18, 2026. The debentures were issued under a trust deed dated October 18, 2021, amended on December 01, 2025, with Catalyst Trusteeship Limited as trustee. The REIT's decision ensures continued debt structure and compliance with SEBI regulations for non-convertible securities.
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Embassy Office Parks REIT has formally announced its decision not to exercise the call option on its Series VB Non-Convertible Debentures worth ₹11,000,000,000, with the call option date scheduled for April 18, 2026. The REIT communicated this decision to BSE Limited on March 06, 2026, through its manager Embassy Office Parks Management Services Private Limited.
Debenture Details and Structure
The debentures in question were originally issued under a Debenture Trust Deed executed on October 18, 2021, between Embassy REIT and Catalyst Trusteeship Limited as the debenture trustee. The deed was subsequently amended on December 01, 2025. The debentures carry the ISIN INE041007084 and are listed under scrip code 973546 on BSE.
| Parameter: | Details |
|---|---|
| Debenture Value: | ₹11,000,000,000 |
| Call Option Date: | April 18, 2026 |
| Original Issue Date: | October 18, 2021 |
| Amendment Date: | December 01, 2025 |
| ISIN: | INE041007084 |
| Debenture Trustee: | Catalyst Trusteeship Limited |
Call Option Terms and Decision
Under the terms of the Debenture Trust Deed, Embassy REIT held the right to redeem all debentures in full on the designated call option date. The REIT was required to deliver a Call Option Notice to debenture holders at least three business days prior to the call option date, meaning any notice would need to be issued by April 14, 2026.
The company's decision was communicated in accordance with Regulation 15 read with Regulation 23(7) of the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021. Vinitha Menon, Head - Company Secretary and Compliance Officer, signed the formal intimation on behalf of the REIT.
Regulatory Compliance
The announcement demonstrates Embassy REIT's adherence to regulatory requirements for transparency in debt management decisions. By formally notifying both the stock exchange and debenture holders well in advance of the call option date, the REIT has ensured compliance with SEBI's disclosure norms for non-convertible securities.
The decision not to exercise the call option means the debentures will continue under their existing terms and conditions as outlined in the original trust deed and subsequent amendment. This allows debenture holders to retain their investment in the REIT's debt securities beyond the first call option date.
Historical Stock Returns for Embassy Office Parks REIT
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.31% | +1.47% | -1.43% | +10.83% | +19.77% | +33.37% |
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