Embassy developments Limited has received approval from the Maharashtra Real Estate Regulatory Authority (MahaRERA) for Phase I of Embassy Serenity, its first residential project in Alibaug within the Mumbai Metropolitan Region (MMR). This approval marks the company's strategic entry into the lifestyle and second-home segment, targeting the growing demand for premium retreat destinations.

Project Overview and Specifications

Embassy Serenity is positioned as a resort-style retreat located in Thal Village, Alibaug, often referred to as the 'Hamptons of Mumbai'. The project has been designed to combine tranquility with excellent connectivity to Mumbai via upgraded road and ferry infrastructure.

The development is designed as a nature-first project where architecture is shaped by the landscape rather than imposed upon it. The project brings together globally acclaimed partners including Broadway Malyan (UK) for architecture and Coopers Hill (Singapore) for landscape design.

Design and Amenities

Nestled on a lush hillside, Embassy Serenity features architecture articulated through soft curvilinear forms, open terraces, and vertical elements that create a dialogue between contemporary architecture and the tropical setting. While not beach-facing, the project's immersive forest environment becomes its defining luxury feature.

The project includes a curated suite of amenities designed to support both social engagement and relaxation:

• Clubhouse facility
• Resort-style pool with poolside bar and café
• Tennis, padel and pickleball courts
• Multiple spaces for intimate and larger gatherings
• Traffic-free podium design

Management Commentary

Sachin Shah, CEO & Executive Director of Embassy Developments Limited, commented on the development: "What we are seeing in Alibaug is not a trend, but a structural shift in how India's most discerning homebuyers want to live. For many HNIs and UHNIs, the second home is more than a weekend escape – it is an extension of their primary lifestyle, where privacy, space, service, and setting matter as much as the location."

Professional Management and Services

The residences at Embassy Serenity will be professionally managed by Embassy Services Private Limited (ESPL). Homeowners will have access to WAYS (World At Your Service), which provides personalised lifestyle and housekeeping packages exclusive to Embassy residential communities.

Recent Performance Context

The RERA approval comes amid strong operating performance for Embassy Developments Limited. The company reported robust Q3 FY26 performance with pre-sales of ₹1,392 crore representing approximately 240% quarter-on-quarter growth, collections of ₹414 crore, and multiple RERA approvals across projects with an aggregate GDV exceeding ₹12,800 crore.

This performance has reinforced the company's growth visibility for FY26 and demonstrates its expanding presence across key urban markets including Bengaluru, the Mumbai Metropolitan Region, and the National Capital Region.

Source:

Embassy developments announced the approval of fresh stock option grants to its employees under the Embassy Developments Limited Employee Stock Option Scheme 2025. The company's Nomination and Remuneration Committee made these decisions during its meeting held on February 9, 2025, as part of its ongoing employee incentive program.

Grant Details and Lapsed Options

The committee approved the grant of 9,15,265 Stock Options and 7,25,301 Performance Stock Units to eligible employees. Simultaneously, the committee noted the lapse of 2,84,924 Stock Options and 37,52,477 Performance Stock Units, which have been added back to the total pool in accordance with the Embassy ESOS 2025 provisions.

Scheme Structure and Compliance

The Embassy ESOS 2025 has been formulated in compliance with SEBI SBE & SE Regulations, 2021, following shareholder approval and receipt of necessary in-principle approvals from both the National Stock Exchange of India Limited and BSE Limited. Each Stock Option is convertible into one equity share of face value INR 2.00 each, while each Performance Stock Unit converts into equity shares based on achievement of performance parameters.

Vesting and Exercise Terms

The Stock Options granted will vest uniformly over 4 years with a 25% vesting schedule at the end of each year from the grant date. Performance Stock Units will vest upon meeting respective milestones anytime between year 3 and 4, with vesting percentages and equity share numbers dependent on achievement against targets as per Embassy ESOS 2025.

Regulatory Disclosure

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive details as required under the SEBI Master Circular dated January 30, 2026, ensuring full regulatory compliance for the stock option grants.