Emami Realty Limited's Board of Directors held a crucial meeting on February 23, 2026, at the company's registered office in Kolkata, approving several material related party transactions that require shareholder approval. The meeting, which commenced at 5:30 PM and concluded at 6:15 PM, addressed significant corporate restructuring initiatives.

Key Board Approvals

The board approved three major resolutions during the meeting, all of which will be subject to shareholder approval through a postal ballot process.

Non-Convertible Debentures Restructuring

The primary approval involved modifying the terms of Non-Convertible Debentures issued to two promoter group companies - Diwakar Finvest Pvt. Ltd. and Suraj Finvest Pvt. Ltd. The board sanctioned a significant revision of the coupon rate on 8,53,65,854 numbers of 7.5% Unsecured Unlisted NCDs, each with a face value of ₹82, aggregating to ₹700 crores. The coupon rate will be increased from 7.5% per annum to 10% per annum, subject to shareholder approval.

Development Rights Acquisition

The board also approved material related party transactions with Orbit Abasan Private Limited, which exceed the materiality threshold as specified in Regulation 23(4) of the SEBI Listing Regulations. These transactions involve the acquisition of exclusive development rights and will require shareholder consent before implementation.

Postal Ballot Process

To ensure compliance with regulatory requirements, the board approved the notice for postal ballot and e-voting procedures. This will enable shareholders to vote on the proposed material related party transactions from both the NCD modification and the development rights acquisition with Orbit Abasan Private Limited.

Regulatory Compliance

All approved resolutions align with the requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has demonstrated its commitment to maintaining transparency and seeking appropriate shareholder approvals for material transactions that could impact stakeholder interests.

Source: None/Company/INE778K01012/46f52c57-b8c4-4271-8903-13dc2d62c126.pdf

Emami realty Limited has announced the affirmation of its credit rating by India Ratings and Research Private Limited (Ind-Ra) for its long-term bank facilities. The rating agency has maintained the company's credit rating at IND A-/Stable, reflecting stable creditworthiness and financial standing in the real estate sector.

Rating Details and Facility Size

India Ratings has affirmed Emami Realty's bank loan facilities with notable changes in the facility size. The rating action covers the following details:

The reduction in facility size from ₹410.00 crores to ₹365.00 crores indicates a strategic adjustment in the company's borrowing requirements while maintaining the same credit rating level.

Bank-wise Facility Distribution

The company's term loan facilities are distributed across multiple banking partners, demonstrating diversified funding sources:

Regulatory Compliance and Communication

Emami Realty Limited communicated this rating affirmation to both major stock exchanges on January 12, 2026. The company filed the disclosure with BSE Limited (Scrip Code: 533218) and National Stock Exchange of India Limited (NSE Symbol: EMAMIREAL) in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The rating action has been published by India Ratings on their official website, providing transparency and accessibility to stakeholders and investors. Company Secretary Payel Agarwal (ACS 22418) signed the regulatory filing, ensuring proper corporate governance procedures were followed in the disclosure process.