Embassy Developments Reports Strong Q3FY26 Pre-Sales of ₹1,392 Crore, Up 240% Quarter-on-Quarter

Embassy developments has delivered exceptional operational performance in Q3FY26, demonstrating strong momentum across key business metrics. The real estate developer reported significant growth in pre-sales and collections, while securing crucial regulatory approvals for major upcoming projects.

Outstanding Pre-Sales Performance

The company achieved remarkable pre-sales of ₹1,392.00 crore during Q3FY26, representing an impressive 240% quarter-on-quarter growth compared to Q2FY26. This substantial increase underscores the strong market demand for the company's residential projects and effective sales execution.

Performance Metric:	Q1 FY26	Q2 FY26	Q3 FY26	QoQ Growth	9M FY26
Pre-Sales (₹ Cr):	198.00	409.00	1,392.00	240%	1,999.00
Collections (₹ Cr):	322.00	359.00	415.00	15%	1,096.00

Strong Collections and Cash Flow

Collections for Q3FY26 reached approximately ₹415.00 crore, marking a healthy 15% quarter-on-quarter increase. The cumulative collections for the nine months of FY26 stood at ₹1,096.00 crore, reflecting consistent cash flow generation and project execution capabilities.

Major Project Approvals Drive Future Growth

The quarter witnessed significant regulatory milestones with RERA approvals received for four strategic projects. These approvals represent a substantial pipeline for future revenue generation:

Project Details:	Information
Embassy Citadel:	Worli, Mumbai
Embassy Greenshore:	North Bengaluru
Embassy Eden:	North Bengaluru
Embassy Verde Phase 2:	North Bengaluru
Combined GDV:	Over ₹12,800.00 crore

Operational Milestones

The company achieved a key operational milestone with the receipt of Occupancy Certificate for 239 apartments at Serene Amara, a senior living project developed through a joint venture with Columbia Pacific Communities in Bengaluru. This completion demonstrates the company's ability to deliver projects across diverse real estate segments.

Financial Position and Outlook

As of December 31, 2025, Embassy Developments maintained a net institutional debt of approximately ₹2,939.00 crore. Based on current momentum and strong pipeline visibility, the company remains confident in achieving its full-year pre-sales guidance of ₹5,000.00 crore for FY26.

The strong Q3FY26 performance, combined with significant project approvals and maintained guidance, positions Embassy Developments favorably for continued growth in the residential real estate sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.43%	+12.83%	-0.89%	-41.65%	-53.20%	-22.39%

Catalyst Trusteeship Limited has disclosed the pledge of 4 crore equity shares of Embassy Developments Limited to secure a substantial debenture issuance. The disclosure, made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, pertains to a transaction completed on December 29, 2025.

Debenture Issuance Details

The pledge secures the issuance of 2,550 secured, unlisted, redeemable and non-convertible debentures by Serenesummit Realty Private Limited. Each debenture carries a face value of ₹10,00,000, aggregating to a total value of ₹255,00,00,000.

Parameter:	Details
Number of Debentures:	2,550
Face Value per Debenture:	₹10,00,000
Total Debenture Value:	₹255 crores
Issuing Entity:	Serenesummit Realty Private Limited
Debenture Trustee:	Catalyst Trusteeship Limited

Share Pledge Transaction

The transaction involved the pledge of 4,00,00,000 equity shares of Embassy Developments Limited, each with a face value of ₹2. Catalyst Trusteeship Limited acts as the debenture trustee for the benefit of debenture holders in this arrangement.

Shareholding Details:	Before Pledge	After Pledge	Change
Encumbered Shares:	6,30,95,240	10,30,95,240	+4,00,00,000
% of Total Share Capital:	4.54%	7.41%	+2.88%
% of Diluted Capital:	4.47%	7.30%	+2.83%

Company Capital Structure

Embassy Developments Limited maintains a consistent equity share capital structure throughout this transaction. The company's total equity share capital stands at ₹278,12,66,866, comprising 139,06,33,433 equity shares of ₹2 each.

Capital Structure Breakdown:

Paid-up Share Capital: ₹278.13 crores
Total Equity Shares: 13.91 crores
Diluted Share Capital: ₹282.37 crores (including potential conversions)
Additional Diluted Shares: 2.12 crores from stock options and Performance Stock Units

Regulatory Compliance

The disclosure fulfills mandatory requirements under SEBI regulations for substantial share transactions. Embassy Developments Limited shares are listed on both BSE Limited and National Stock Exchange of India Limited. Catalyst Trusteeship Limited, acting as debenture trustee, does not belong to the promoter or promoter group of Embassy Developments Limited.

The transaction represents a significant encumbrance of Embassy Developments shares, with the total pledged shares now constituting over 7% of the company's share capital, providing security for the substantial debenture issuance by Serenesummit Realty Private Limited.