Embassy Office Parks REIT Submits Q3 FY26 Corporate Governance Compliance Report

Embassy Office Parks REIT has filed its quarterly Corporate Governance Compliance Report for the quarter ended December 31, 2025, with the National Stock Exchange of India Limited and BSE Limited. The submission was made under Regulation 26E of Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014, and Chapter 16 of SEBI Master Circular dated July 11, 2025.

Board Composition and Leadership

The manager, Embassy Office Parks Management Services Private Limited, operates under a seven-member board of directors with Mr. Jitendra Mohandas Virwani serving as the Non-Executive Non-Independent Chairperson. The board maintains a balanced composition of independent and non-independent directors to ensure effective governance oversight.

Director Name	Category	Appointment Date	Tenure
Mr. Jitendra Mohandas Virwani	Chairperson - Non-Executive - Non-Independent	30/03/2017	-
Mr. Aditya Virwani	Non-Executive - Non-Independent	06/08/2018	-
Dr. Anoop Kumar Mittal	Non-Executive - Independent	06/08/2023	28 months
Mr. Vivek Mehra	Non-Executive - Independent	09/06/2017	102 months
Dr. Punita Kumar-Sinha	Non-Executive - Independent	06/08/2018	88 months
Dr. Ranjan Ramdas Pai	Non-Executive - Independent	09/06/2017	102 months
Mr. Arvind Kathpalia	Non-Executive - Independent	13/11/2025	1 month

A notable change occurred during the quarter when Mr. Arvind Kathpalia transitioned from Non-Executive Non-Independent Nominee Director to Non-Executive Independent Director effective November 13, 2025.

Committee Structure and Governance

The REIT maintains four statutory committees, each with designated chairpersons and specific responsibilities. All committees have regular chairpersons appointed and operate in compliance with SEBI REIT Regulations.

Committee	Chairperson	Members
Audit Committee	Mr. Vivek Mehra	6 members including 5 independent directors
Nomination and Remuneration	Dr. Ranjan Ramdas Pai	4 members including 3 independent directors
Risk Management	Mr. Vivek Mehra	6 members including 5 independent directors
Stakeholders' Relationship	Dr. Punita Kumar-Sinha	4 members including 3 independent directors

Board and Committee Meetings

During Q3 FY26, the board of directors conducted two meetings on November 5, 2025, and December 2, 2025. Both meetings achieved the required quorum with six and seven directors present respectively, including four and five independent directors.

Meeting Date	Directors Present	Independent Directors Present	Gap from Previous Meeting
November 5, 2025	6	4	97 days
December 2, 2025	7	5	27 days

Committee activities during the quarter included meetings of the Audit Committee on both November 5 and December 2, 2025, while the Nomination and Remuneration Committee and Risk Management Committee each held one meeting on November 5, 2025. The Stakeholders' Relationship Committee did not convene during the quarter.

Regulatory Compliance Affirmations

The report confirms full compliance with SEBI REIT Regulations across all governance parameters. The composition of the board of directors and all committees aligns with regulatory requirements, and committee members have been made aware of their powers, roles, and responsibilities as specified in the regulations. The previous quarter's report was presented to the board on November 5, 2025, with no comments or observations received, while the current report will be placed before the board in the upcoming meeting.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.71%	+0.56%	+2.58%	+10.59%	+17.84%	+23.46%

Embassy Office Parks REIT has submitted its unitholding pattern for the quarter ended December 31, 2025, in accordance with SEBI Master Circular compliance requirements. The filing, dated January 19, 2026, provides a comprehensive breakdown of the REIT's ownership structure with total outstanding units of 947,893,743.

Sponsor and Public Holdings Distribution

The REIT maintains a balanced ownership structure with strong public participation. The sponsor holding through Embassy Property Developments Private Limited accounts for 7.69% of total outstanding units, while public holding dominates at 92.18%.

Category	Units Held	Percentage
Sponsor Holding	72,864,279	7.69%
Public Holding	873,751,935	92.18%
Employee Welfare Trust	1,277,529	0.13%
Total Outstanding Units	947,893,743	100.00%

Institutional Investor Dominance

Institutional investors demonstrate strong confidence in the REIT, holding 74.05% of total outstanding units. Foreign Portfolio Investors lead this category with the largest stake, followed by mutual funds and insurance companies.

Institutional Category	Units Held	Percentage
Foreign Portfolio Investors	401,541,730	42.36%
Mutual Funds	218,934,193	23.10%
Insurance Companies	43,359,480	4.57%
Alternative Investment Fund	35,345,302	3.73%
Provident/Pension Funds	2,506,572	0.27%
Financial Institutions/Banks	202,500	0.02%

Top Unitholders and Market Presence

The top five unitholders, excluding sponsors, represent significant institutional participation. ICICI Prudential Mutual Fund leads with 9.02% holding, followed by APAC Company XXIII Limited and HDFC Mutual Fund.

Rank	Unitholder	Units Held	Percentage
1	ICICI Prudential Mutual Fund	85,543,962	9.02%
2	APAC Company XXIII Limited	53,451,142	5.64%
3	HDFC Mutual Fund	45,595,583	4.81%
4	SMALLCAP World Fund Inc	37,973,068	4.01%
5	SBI Mutual Fund	35,308,946	3.72%

Sponsor Unit Pledging Details

Embassy Property Developments Private Limited, the sole Indian sponsor, has pledged 71,664,279 units representing 98.35% of its total holding. This pledging arrangement is common among REITs for financing and operational requirements.

Regulatory Compliance and Filing

The unitholding pattern submission complies with Clause 4.13 of Chapter 4 of SEBI Master Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated July 11, 2025. The filing was signed by Vinitha Menon, Head - Company Secretary and Compliance Officer, ensuring proper regulatory adherence and transparency in ownership disclosure.