Emami Realty Limited has formally dispatched its postal ballot notice dated February 23, 2026, to shareholders seeking approval for material related party transactions through remote e-voting. The company completed the electronic dispatch on February 25, 2026, following its board meeting that approved significant corporate restructuring initiatives.

E-Voting Schedule and Process

The company has established a comprehensive e-voting framework for shareholder participation in the postal ballot process. Central Depository Services (India) Limited (CDSL) will facilitate the electronic voting mechanism.

NCD Modification Proposal

The primary resolution seeks shareholder approval for modifying the terms of Non-Convertible Debentures issued to promoter group companies. The board has recommended revising the coupon rate on 8,53,65,854 NCDs from 7.50% per annum to 10% per annum.

The NCD holders, Suraj Finvest Private Limited and Diwakar Finvest Private Limited, have formally represented that the current 7.50% coupon rate is materially lower than their prevailing average borrowing cost. The proposed revision will increase the company's annual interest payout by ₹17.50 crores over the remaining NCD tenure.

Orbit Abasan Transaction Details

The second resolution involves a material related party transaction with Orbit Abasan Private Limited for acquiring exclusive development rights. The transaction pertains to the Basanti Cotton Mills premises, a 10.79-acre property development project.

Dr. Nitesh Kumar Gupta, Managing Director & CEO of Emami Realty, serves as a director on Orbit Abasan's board. The company's promoter group exercises significant influence over Orbit Abasan through Emami Estates Private Limited.

Regulatory Compliance Framework

The postal ballot notice complies with Section 110 of the Companies Act, 2013, and Regulation 30 of SEBI Listing Regulations. The company has sent the notice exclusively through electronic mode to shareholders whose email addresses are registered with the company, depositories, or depository participants as of the cut-off date.

Shareholders holding shares in both physical and dematerialized form as of February 20, 2026, are eligible to participate in the e-voting process. The voting rights will be proportionate to their shareholding in the company's paid-up equity share capital.

Financial Impact Assessment

The NCD modification represents 21.26% of the company's annual consolidated turnover for FY 2024-25, which stood at ₹82.31 crores. The Orbit Abasan transaction constitutes up to 60.74% of the same turnover figure, highlighting the material nature of both proposed transactions.

Both resolutions have received unanimous approval from the Audit Committee, comprising a majority of independent directors, and subsequent board recommendation based on arm's length pricing and ordinary course of business considerations.

Source: None/Company/INE778K01012/5ac5565e-d8a5-463e-a7d5-eb9accabccc6.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.