Latest news about Embassy Developments
Embassy Developments
64.60
-1.75(-2.64%)
Company Performance:
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1M+35.43%
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More news about Embassy Developments
25Apr 26
Embassy Developments Limited Reports NCLAT Reserves Order on Corporate Insolvency Resolution Process
Embassy Developments Limited reported that the NCLAT reserved its order following an April 24, 2026 hearing on the company's Corporate Insolvency Resolution Process, with both parties granted one week to file written submissions. The original NCLT order admitting the CIRP remains stayed, keeping insolvency proceedings inoperative while the company continues normal operations and maintains financial soundness.
25Apr 26
Embassy Developments Limited Grants 2,63,863 Stock Options and 1,60,373 Performance Stock Units Under ESOS 2025
Embassy Developments Limited granted 2,63,863 stock options at INR 111.51 per option and 1,60,373 performance stock units at INR 2.00 per unit to eligible employees under Embassy ESOS 2025 on April 24, 2026. Stock options vest uniformly over 4 years while performance stock units vest based on milestone achievement between years 3-4. Both instruments can be exercised within 5 years from vesting or 7 years from grant date.
22Apr 26
Embassy Developments Limited Strikes Off Two Non-Operational Step-Down Subsidiaries
Embassy Developments Limited has completed the voluntary strike-off of two non-operational step-down subsidiaries, Varali Real Estate Limited and Devona Infrastructure Limited, from the ROC register on April 20, 2026. This corporate action is part of the company's initiative to simplify its structure and reduce compliance costs, with both subsidiaries having contributed no financial value to the parent company.
16Apr 26
Embassy Developments Completes Sale of Sepset Real Estate for INR 100 Crore
Embassy Developments Limited successfully completed the divestiture of its wholly owned subsidiary Sepset Real Estate Limited to Pen India Private Limited for INR 100 crore cash consideration. The transaction, finalized on April 16, 2026, involved the transfer of the commercial project 'Mega Mall' in Jodhpur, Rajasthan, and is part of the company's strategic portfolio management to unlock value and strengthen its balance sheet.
14Apr 26
Embassy Developments Limited Submits Quarterly Compliance Certificate for Q4FY26
Embassy Developments Limited submitted its quarterly certificate under SEBI DP Regulation 74(5) for Q4FY26 ended March 31, 2026, to BSE and NSE on April 14, 2026. KFIN Technologies Limited, the company's registrar, issued the certificate confirming proper furnishing of dematerialization details to stock exchanges. Company Secretary Vikas Khandelwal signed the submission, maintaining regulatory compliance.
11Apr 26
Embassy Developments Shares Under Enhanced Surveillance After 25% Price Rise; Reports Record Q4 Pre-sales
Embassy Developments' shares have been placed under enhanced surveillance (IBC Stage 1) following a price increase exceeding 25% over five trading sessions. Despite regulatory action, the company reported record quarterly performance with Q4 FY26 pre-sales of ₹2,632 crore and annual pre-sales of ₹4,631 crore. The NCLAT hearing regarding CIRP proceedings has been adjourned to April 17, 2026.
09Apr 26
Embassy Developments: Collections During The Quarter Rose 39% To Rs 577 Cr, Taking FY26 Total To Rs 1,721 Cr
Embassy Developments reported exceptional Q4FY26 performance with record pre-sales of ₹2,632 crore, marking 89% quarter-on-quarter growth. Collections increased 39% to ₹577 crore, taking the full-year FY26 total to ₹1,721 crore. The company achieved ₹4,631 crore in annual pre-sales, representing 128% year-on-year growth and 93% of its ₹5,000 crore guidance.
07Apr 26
Embassy Developments Limited Strikes Off Step-Down Subsidiary Apesh Real Estate Limited
Embassy Developments Limited has successfully struck off its step-down subsidiary Apesh Real Estate Limited from the ROC register on April 06, 2026. The move is part of the company's corporate structure simplification initiative to reduce administrative costs. AREL was a non-operational entity with nil financial contribution during the last financial year.
01Apr 26
Embassy Development Limited: New Share Pledge Disclosure for INR 285 Crore Debentures
Embassy Development Limited's share pledge disclosure reveals Catalyst Trusteeship Limited has encumbered 4.35 crore equity shares (3.13% of total capital) to secure debentures worth INR 285 crore issued by Serenesummit Realty Private Limited. The transaction, completed between March 16-27, 2026, increases total pledged holdings to 14.66 crore shares representing 10.55% of the company's total share capital.
01Apr 26
Embassy Developments Promoters Pledge Additional Shares Worth ₹1,785 Crore as Collateral
Embassy Property Developments Private Limited and JV Holding Private Limited pledged additional equity shares of Embassy Developments Limited on March 27, 2026, as collateral for debentures. The encumbrance covers 40,47,40,930 shares representing 68.24% of promoter shareholding and 29.10% of total share capital. The pledged shares secure ₹1,785 crore worth of non-convertible debentures with a security cover ratio of 2.14 times, with funds intended for working capital and general corporate purposes.
27Mar 26
Embassy Developments Secures Interim Relief from Karnataka High Court in KIADB Land Dispute
Embassy Developments' subsidiary Embassy East Business Park Limited has secured interim relief from the Karnataka High Court in a dispute over 78 acres of land at Kadugodi Industrial Area, Bengaluru. During the March 26, 2026 hearing, KIADB agreed not to take further steps pursuant to its disputed order until the next hearing on April 8, 2026. The subsidiary had filed a writ petition challenging the KIADB order to protect stakeholder interests, demonstrating the company's proactive legal strategy and commitment to transparent governance.
27Mar 26
Embassy Developments: Catalyst Trusteeship Pledges Additional 4.45 Crore Shares
Catalyst Trusteeship Limited has disclosed pledging an additional 4,45,00,000 equity shares of Embassy Developments Limited between March 16-23, 2026, bringing total encumbered shareholding to 22,46,05,690 shares representing 16.15% of share capital. The transactions were conducted in the trustee's capacity as Debenture Trustee, with the March 23, 2026 pledge triggering SEBI disclosure requirements under Takeover Regulations.
26Mar 26
Embassy Developments Updates Share Encumbrance Details Under SEBI Takeover Code
Embassy Developments Limited filed updated share encumbrance disclosure showing promoters pledged 59.52% of their holding worth ₹1,603.16 crore across multiple arrangements. The pledges involve both Embassy Property Developments Private Limited and JV Holding Private Limited for refinancing and working capital purposes.
19Mar 26
Embassy Developments Limited Reports NCLAT Hearing Adjournment to April 10, 2026
Embassy Developments Limited has informed stock exchanges about the adjournment of NCLAT proceedings from March 19 to April 10, 2026, after respondents requested postponement. The tribunal granted the adjournment but observed that no further adjournments shall be sought by respondents, with the next hearing scheduled for respondent submissions and further proceedings.
19Mar 26
Embassy Developments: Company Ordered To Return 78-Acre Land In Bengaluru, Disputes Claims
Embassy Developments Limited disclosed that KIADB has ordered its subsidiary Embassy East Business Park Limited to surrender approximately 78 acres of leasehold land in Bengaluru's Kadugodi Industrial Area within 30 days, citing alleged breaches of lease terms. The company categorically denies the allegations and plans to challenge the order in Karnataka High Court, arguing that sub-lease arrangements were made with proper KIADB approval and that agreement-to-sell structures were conditional and compliant with lease terms.
16Mar 26
Embassy Developments Limited Completes INR 25 Crore Non-Convertible Debenture Allotment
Embassy Developments Limited completed the allotment of INR 25 crores worth non-convertible debentures on March 16, 2026, comprising 2,500 NCDs with INR 1,00,000 face value each. The debentures offer 11% annual coupon rate with quarterly payments, 40-month tenure, and are secured by company asset charges with repayment in 10 equal installments after 4-quarter moratorium.
16Mar 26
Embassy Developments Limited Completes Strike-off of Three Non-operational Subsidiaries
Embassy Developments Limited completed voluntary strike-off of three non-operational step-down subsidiaries on March 16, 2026, as part of its corporate structure simplification initiative. The dissolved entities - Sentia Constructions Limited, Equinox India Multiplex Services Limited, and Mariana Constructions Limited - contributed nil financial value and have ceased to be subsidiaries. This action aims to reduce administrative and compliance costs while maintaining regulatory transparency.
11Mar 26
Embassy Developments Launches ₹4,300 Cr GDV in North Bengaluru for FY26
Embassy Developments Limited announced a major expansion in North Bengaluru with ₹4,300 crore Gross Development Value launched for FY26 and an additional ₹12,500 crore planned for future projects. The company demonstrated strong execution by selling over 500 units of Embassy Verde Phase II within 4 days, generating approximately ₹495 crore in revenue, showcasing sustained market demand for integrated township living in the region.
10Mar 26
Embassy Developments Limited Completes Voluntary Strike-off of Non-operational Subsidiary Lenus Constructions Limited
Embassy Developments Limited has completed the voluntary strike-off of its non-operational step-down subsidiary Lenus Constructions Limited, effective March 09, 2026. The dissolution was part of the company's corporate structure simplification initiative to reduce administrative and compliance costs. LCL had nil contribution to the parent company's financial performance and the transaction does not qualify as a sale or disposal of any business unit.
28Feb 26
Embassy Developments Limited Updates on NCLAT Proceedings in CIRP Matter
Embassy Developments Limited has updated stock exchanges on NCLAT proceedings regarding a CIRP matter. The company's case was heard on February 27, 2026, and will continue on March 13, 2026. The NCLT order admitting the CIRP remains stayed by NCLAT, keeping it inoperative. The company confirms it remains fully operational and financially sound throughout these proceedings.
16Feb 26
Embassy Developments Secures RERA Approval for ₹400 Crore Alibaug Project Embassy Serenity
Embassy Developments Limited has secured MahaRERA approval for Embassy Serenity, its first residential project in Alibaug with ₹400 crore GDV. The project spans 0.2 million sq. ft. across 7 acres, featuring 52 residences in five G+5 towers. Launch is planned for this quarter with 2030 possession target. This marks the company's entry into the lifestyle segment, supported by strong Q3 FY26 performance including ₹1,392 crore pre-sales.
15Feb 26
Embassy Developments Limited Reports Q3FY26 Losses, Management Addresses Challenges in Earnings Call
Embassy Developments Limited announced substantial losses for Q3FY26, with standalone operations showing Rs 739.63 millions loss and revenue declining 86.3% to Rs 405.22 millions. In the subsequent earnings conference call held on February 10, 2026, management attributed the poor performance to legacy Indiabulls projects while highlighting strong operational momentum with Rs 2,000 crores pre-sales achieved in nine months and maintaining confidence in reaching Rs 5,000 crores annual target.
09Feb 26
Embassy Developments Limited Grants Fresh Stock Options and Performance Units Under ESOS 2025
Embassy Developments Limited's Nomination and Remuneration Committee approved fresh grants of 9,15,265 Stock Options and 7,25,301 Performance Stock Units to eligible employees under the Embassy ESOS 2025. The committee noted the lapse of 2,84,924 Stock Options and 37,52,477 Performance Stock Units. Stock Options are priced at INR 111.51 each with 4-year uniform vesting, while PSUs are priced at INR 2.00 with performance-based vesting between years 3 and 4.
30Jan 26
Embassy Developments Limited Completes ₹250 Crore NCD Allotment Under First Tranche
Embassy Developments Limited completed the allotment of ₹250 crores worth of non-convertible debentures on January 30, 2026, comprising 25,000 NCDs with ₹1,00,000 face value each. The first tranche of a ₹400 crore total issue features 11% annual coupon rate, 42-month tenure, and quarterly interest payments after 6-month moratorium. The secured, unlisted debentures will be repaid in 10 equal installments following a 4-quarter principal moratorium, with prepayment flexibility through surplus funds.
29Jan 26
Embassy Developments Limited Strikes Off Two Non-Operational Subsidiaries
Embassy Developments Limited has voluntarily struck off two non-operational wholly owned subsidiaries - Serpentes Constructions Limited and Albasta Developers Limited - effective January 27, 2026. The subsidiaries, which had no operations for several years and contributed nil financial value, were dissolved to simplify corporate structure, reduce administrative costs, and improve operational efficiency. The company made this disclosure under SEBI regulations, emphasizing compliance with good corporate governance practices.
24Jan 26
Embassy Development Limited: 10.31 Crore Shares Pledged to Secure ₹285 Crore Debenture Issue
Catalyst Trusteeship Limited disclosed the pledge of 10,30,95,240 equity shares of Embassy Development Limited to secure ₹285 crore worth of debentures issued by Serenesummit Realty Private Limited. The security arrangement covers Tranche I debentures worth ₹255 crore and Tranche II debentures worth ₹30 crore. The pledged shares represent 7.414% of Embassy Development's total share capital and 7.302% of its diluted share capital, providing substantial security for the debenture holders.
23Jan 26
Embassy Developments NCLAT Proceedings Adjourned to February 5, 2026
Embassy Developments Limited notified exchanges that NCLAT proceedings scheduled for January 22, 2026, were adjourned to February 5, 2026, due to time constraints. The company confirmed that the NCLT order regarding Corporate Insolvency Resolution Process remains stayed, with all related proceedings suspended. Embassy Developments continues normal operations and maintains financial soundness while demonstrating commitment to transparent stakeholder communication.
20Jan 26
Embassy Developments Ltd. Expands into Mumbai Metropolitan Region with Three Residential Projects Worth ₹12,000 Crore GDV
Embassy Developments Ltd. announces strategic expansion into Mumbai Metropolitan Region with three residential projects worth over ₹12,000 crore GDV. The company plans ₹4,500 crore investment across Worli, Juhu, and Alibaug developments, with flagship Embassy Citadel in Worli carrying ₹8,800+ crore GDV. Projects span 1.58 million sq. ft. total development area with launches from Q4 FY2026.
12Jan 26
Embassy Developments Records Strong Pre-sales of ₹13.92 Billion in Q3
Embassy Developments reported strong Q3 pre-sales of ₹13.92 billion, demonstrating robust market performance and customer demand. The substantial pre-sales figure indicates healthy business momentum and provides visibility into future revenue potential for the real estate company.
09Jan 26
Embassy Developments Reports 240% QoQ Jump in Q3FY26 Pre-sales to ₹1,392 Crore
Embassy Developments Ltd reported exceptional Q3FY26 results with pre-sales jumping 240% QoQ to ₹1,392 crore and collections growing 15% to ₹415 crore. The company secured RERA approvals for four projects worth over ₹12,800 crore GDV and received occupancy certificate for 239 apartments at Serene Amara. With strong momentum, the company remains confident of achieving its FY26 pre-sales guidance of ₹5,000 crore.
09Jan 26
Embassy Developments Reports Strong Q3FY26 Pre-Sales of ₹1,392 Crore, Up 240% Quarter-on-Quarter
Embassy Developments Ltd reported exceptional Q3FY26 results with pre-sales of ₹1,392 crore, up 240% QoQ, and collections of ₹415 crore, up 15% QoQ. The company secured RERA approvals for four projects worth over ₹12,800 crore GDV and received occupancy certificate for 239 apartments at Serene Amara. With net debt of ₹2,939 crore as of December 31, 2025, the company maintains its FY26 pre-sales guidance of ₹5,000 crore.
01Jan 26
Embassy Developments: 4 Crore Shares Pledged to Secure ₹255 Crore Debenture Issuance
Catalyst Trusteeship Limited disclosed pledge of 4 crore Embassy Developments shares on December 29, 2025, to secure ₹255 crore debenture issuance by Serenesummit Realty. The transaction increased total encumbered shares to 10.31 crores, representing 7.41% of total share capital. The debentures comprise 2,550 units with ₹10 lakh face value each, with Catalyst Trusteeship acting as debenture trustee for benefit of holders.
17Dec 25
Embassy Developments Seeks ASM Framework Removal After NCLAT Stay on Bankruptcy
Embassy Developments has formally requested stock exchanges to remove its shares from the Additional Surveillance Measure (ASM) Framework after the National Company Law Appellate Tribunal (NCLAT) stayed bankruptcy proceedings. The company's shares were inadvertently placed under ASM and reclassified under the BE segment by BSE and NSE on December 16, following an NCLT order admitting Canara Bank's insolvency petition. Embassy Developments clarified that it is not currently under Corporate Insolvency Resolution Process and remains financially sound and operational.
02Dec 25
Embassy Developments Limited Forfeits INR 132.49 Crores as Convertible Warrants Lapse
Embassy Developments Limited announced that 4,75,27,464 convertible warrants issued to public shareholders have lapsed due to non-conversion within the prescribed period. The company has forfeited INR 132.49 crore, representing the 25% upfront consideration paid at the time of warrant allotment. This action complies with SEBI ICDR Regulations and affects warrant-holders who failed to exercise their conversion rights within the specified timeframe.
24Nov 25
Embassy Developments Unveils ₹10,300 Crore Housing Project Plan in North Bengaluru
Embassy Developments has unveiled plans to launch six new residential projects in North Bengaluru with a total investment of ₹10,300 crore. This expansion marks a significant move for the company into the residential real estate sector. The projects aim to capitalize on the growing housing demand in the area, driven by Bengaluru's expanding IT and business sectors. This large-scale development is expected to increase residential property supply, generate economic activity, and potentially intensify market competition in the region.
20Nov 25
Embassy Developments Allots 4.14 Crore Equity Shares Worth INR 34.59 Crore Through Warrant Conversion
Embassy Developments has allotted 4,13,55,120 equity shares at INR 83.63 per share, raising INR 34.59 crore through warrant conversion. Three investors participated: Sankhya Financial Services, Utpal Seth, and Vikas Khandelwal. The company's paid-up equity share capital increased to INR 278.13 crore, comprising 139,06,33,433 shares. The allotment slightly altered the shareholding structure, with the new shares ranking pari-passu with existing equity shares.
17Nov 25
Embassy Developments Raises ₹40.34 Crore Through Warrant Conversion
Embassy Developments has raised ₹40.34 crore by converting warrants into 48,22,891 equity shares at ₹111.51 per share. The company's paid-up equity share capital has increased to ₹277.30 crore. Chanakya Corporate Services Private Limited received 47,62,891 shares, increasing their stake to 0.556%, while Mr. Manish Kumar Sinha received 60,000 shares, now holding 0.005%. This move strengthens Embassy Developments' capital base and could support future growth initiatives.
07Nov 25
Embassy Developments Reports 102% Jump in Quarterly Pre-Sales to ₹409 Crore
Embassy Developments Limited (EDL) reported Q2 pre-sales of ₹409.00 crore, a 102% increase from Q1. Area sold rose 96% to 407,000 square feet. Half-year pre-sales reached ₹607.00 crore, up 24% year-on-year. The company launched Embassy Paradiso in Bengaluru, achieving 90% sales at launch with pre-sales of ₹183.00 crore. EDL completed delivery of two legacy projects and secured ₹1,370.00 crore in growth capital. Collections stood at ₹286.00 crore with 80% efficiency. The company has planned launches worth ₹28,000.00 crore GDV, including 10 residential and 3 commercial projects. Net debt reported at ₹2,600.00 crore with a debt-to-equity ratio of 0.25x.
06Nov 25
Embassy Developments Reports No Deviations in ₹3,908 Crore Preferential Issue Fund Utilization
Embassy Developments Limited (EDL) has utilized ₹3,341.42 crore of the ₹3,908.14 crore raised through a preferential issue, with ₹14.06 crore remaining unutilized. The company completed major acquisitions including Embassy Residency, Embassy East Avenue, Embassy Eden, and Blu Annex FSI rights. The preferential issue included 9.13 crore equity shares and 25.91 crore convertible warrants at ₹111.51 per share. During the quarter, 53.80 lakh warrants were converted to equity shares, with 6.61 crore warrants pending conversion. EDL's financial position shows cash and cash equivalents of ₹1,000 crore, net debt of ₹2,600 crore, and a debt-to-equity ratio of 0.37x.
06Nov 25
Embassy Developments Reports Quarterly Loss, Board Decides Against ₹2,000 Crore Fund Raising
Embassy Developments reported a net loss of ₹408.79 million for the quarter ended September 30, contrasting with a profit of ₹380.97 million in the same period last year. The company's revenue from operations stood at ₹1,662.45 million. The Board decided not to implement a previously approved fund-raising resolution of up to ₹2,000 crore, citing sufficient resources for operational needs. The trading window for company securities will remain closed until November 9.
13Oct 25
Embassy Developments Raises ₹87.36 Crore Through Warrant Conversion
Embassy Developments Limited has raised ₹87.36 crore by converting warrants into equity shares. The company allotted 1.04 crore shares at ₹111.51 per share to three entities: Bellanza Developers Private Limited, Worldpart Limited, and Aalidhra Textool Engineers Private Limited. This move increased the company's paid-up equity share capital to ₹276.34 crore, comprising 138.17 crore equity shares. The conversion has slightly altered the shareholding structure, with Bellanza Developers' stake increasing from 7.00% to 7.53%.
06Oct 25
Embassy Developments Completes Six Delayed Projects, Delivering Homes to 3,000 Families
Embassy Developments Limited (EDL) has successfully completed and delivered six long-delayed real estate projects across multiple Indian cities, providing housing for about 3,000 families. The projects include The Blu Estate & Club in Mumbai, The Sky Forest in Lower Parel, One Indiabulls in Thane, Indiabulls Sierra in Visakhapatnam, and Enigma and Centrum Park in Gurugram. EDL has obtained Occupation Certificates for these developments, marking a significant recovery in its previously stalled project portfolio. The company is now facilitating the transition to resident-led management for completed projects.
01Oct 25
Bombay High Court Upholds Stay on MIDC Eviction Order Against Embassy Developments
Bombay High Court upholds interim order staying eviction of Embassy Developments Limited and its subsidiary from SEZ project. Court directs MIDC to consider revised plan submitted by the companies. Decision prevents immediate eviction and allows potential continued involvement in the project.
09Sept 25
Embassy Developments' Paradiso Project in North Bengaluru Sells Out, Generating ₹204 Crore
Embassy Developments has announced the complete sell-out of its luxury plotted development 'Paradiso' within the Embassy Springs township in North Bengaluru. The project, spanning 6.4 acres, offers large-format plots ranging from 4,300 to 4,800 square feet, priced from ₹4.30 crore. The sell-out generated a total revenue of ₹204 crore. Located 15 minutes from Kempegowda International Airport, Embassy Springs features over 100 amenities and 45 acres of green spaces. The company notes a growing preference for plotted living in integrated communities and sustained interest in North Bengaluru as a residential hub.
26Aug 25
Embassy Developments Board Proposes Key Leadership and Auditor Changes
Embassy Developments Limited has announced proposed changes to its leadership and auditing structure, pending shareholder approval at the upcoming AGM. The board recommends re-appointing CEO Sachin Shah and three Independent Directors for new terms. Changes in auditing include re-appointing M/s Agarwal Prakash & Co. as Statutory Auditors, appointing M/s GDR & Partners LLP as Secretarial Auditors, and M/s Gurvinder Chopra & Co. as Cost Auditors. These changes are set to take effect at various points from 2026 to 2030.
20Aug 25
Embassy Developments Boosts Capital with ₹45 Crore Equity Share Allotment to Bellanza Developers
Embassy Developments Limited has allotted 53.8 lakh equity shares to Bellanza Developers Private Limited through a warrant conversion, valued at ₹45.00 crore. The shares were issued at ₹111.51 per share, including a premium of ₹109.51. This transaction increased Bellanza Developers' stake in Embassy Developments from 6.63% to 7.00%. The company's paid-up equity share capital has expanded to ₹2,74,24,57,926, comprising 137,12,28,963 equity shares. This allotment is part of a larger warrant issuance from May 21, involving 10,31,29,765 unlisted warrants convertible within 18 months.
19Aug 25
Embassy Developments Secures Rs 560 Crore Revenue Opportunity from Two Housing Project Deals
Embassy Developments has signed agreements to manage and market two housing projects in Mumbai's Juhu and Bengaluru's Hebbal, expecting to generate Rs 560 crore in revenue. This represents a 10% development management fee from the projects' total estimated revenue of Rs 5,600 crore. However, the company reported a consolidated net loss of Rs 165.84 crore in the April-June quarter, compared to a net profit of Rs 122.49 crore in the same period last year. Total income increased to Rs 694.05 crore from Rs 557.52 crore year-over-year.
14Aug 25
Embassy Developments Reports Full Utilization of ₹3,303 Crore from Preferential Issue
Embassy Developments Limited has utilized ₹3,303.38 crore out of ₹3,908.14 crore raised through a preferential issue. Funds have been deployed across various acquisitions and initiatives, including ₹1,233.25 crore for FSI rights in Blu Annex and ₹465.70 crore for Embassy Eden. All major acquisitions were completed by May 2024, ahead of the October 2024 deadline. ₹227.29 crore remains unutilized, temporarily deployed in bank accounts and mutual funds. The monitoring agency, CARE Ratings Limited, confirmed no deviations from the disclosed objectives of the fund raise.
11Aug 25
Embassy Developments Reports 18% Pre-Sales Growth in Q1, Adds Four New Projects Worth ₹2,830 Crore
Embassy Developments Limited (EDL) reported an 18% year-on-year increase in pre-sales to ₹198.00 crore in Q1. The company added four new projects with a total gross development value of ₹2,830.00 crore. While operational metrics improved, financial performance faced challenges with EBITDA declining 95% to ₹2.00 crore and a loss after tax of ₹166.00 crore. EDL delivered 1.3 million square feet across two projects and strengthened its capital structure through warrant conversion. The company maintains its pre-sales target of ₹5,000.00 crore for the fiscal year with a robust launch pipeline exceeding ₹22,000.00 crore.
27Jun 25
Embassy Office Parks REIT's Subsidiary Acquires Squadron Developers for ₹456.61 Crore
Embassy Developments, a subsidiary of Embassy Office Parks REIT, has completed a 100% acquisition of Squadron Developers for ₹456.61 crore. This significant corporate action represents a full takeover and potentially expands Embassy Office Parks REIT's portfolio and market presence. While specific details about Squadron Developers and the strategic rationale are not provided, the substantial investment suggests it's part of a broader growth strategy.
23Jun 25
Embassy Developments Ltd Signs ₹1,600 Crore Joint Development Deal in Bengaluru
Embassy Developments, a subsidiary of Embassy Office Parks REIT, has entered into a Joint Development Agreement for a large-scale residential project in Whitefield, Bengaluru. The project spans 17.9 acres with a gross development value of ₹1,600.00 Crores. It will feature 1,000 apartments across 1.6 million square feet, with a target launch in FY27. This move signifies a strategic expansion in one of India's prime real estate markets, catering to the growing housing demands of Bengaluru's professional workforce.
30May 25
Embassy Developments Swings to Profit: Q4 Net at Rs 1.2 Billion
Embassy Developments has achieved a significant financial turnaround in Q4, posting a consolidated net profit of Rs 1.20 billion, compared to a loss of Rs 990.00 million in the same quarter last year. The company's revenue surged to Rs 8.90 billion, more than doubling from Rs 3.80 billion year-over-year. This profit follows a loss of Rs 212.00 million in the previous quarter, indicating strong sequential improvement. The company's revenue growth and shift to profitability suggest effective cost management and potentially improved market conditions.
29May 25
Embassy Developments Reports Improved Q4 Results with Surge in Revenue and Return to Profit
Embassy Developments announced Q4 results with revenue doubling to ₹8.90 billion from ₹3.80 billion year-over-year. The company turned profitable with a net profit of ₹1.20 billion, compared to a loss of ₹990.00 million in the same quarter last year. EBITDA slightly increased to ₹83.00 million, but the EBITDA margin declined to 0.93% from 2.13%. Despite the margin decrease, the overall financial performance shows significant improvement and growth in operations.
21Mar 25
Embassy Developments Inks ₹1,125 Crore Land Deal with Lam Research in Bengaluru
Embassy Developments Limited (EDL) has signed a ₹1,125 crore agreement with Lam Research for 25 acres of land in Whitefield, Bengaluru. The deal involves sub-leasing and subsequent divestment of land in the Kadugodi Industrial Area. EDL's subsidiary, Embassy East Business Park Pvt Ltd, will execute the transaction, subject to regulatory approvals. The deal highlights Bengaluru's growing status as a global tech hub and EDL's strategic asset monetization capabilities. Proceeds will be reinvested into high-growth opportunities to strengthen EDL's development pipeline.
20Mar 25
Embassy Developments Inks ₹1,125 Crore Land Deal with Lam Research in Bengaluru
Embassy Developments Limited (EDL) has announced a ₹1,125 crore land deal with Lam Research, a global semiconductor equipment manufacturer. The agreement involves approximately 25 acres of land in Whitefield, Bengaluru. EDL's subsidiary, Embassy East Business Park Pvt Ltd (EEBPPL), will sub-lease and eventually sell the land to Lam Research (India) Private Limited. The property is located in the Kadugodi Industrial Area. EDL has issued a corporate guarantee on behalf of EEBPPL for the transaction. The deal highlights Bengaluru's growing importance as a technology hub and the increasing demand for commercial infrastructure in India's semiconductor sector.
04Mar 25
Embassy Developments Limited Unveils New Leadership and Ambitious Growth Strategy
Embassy Developments Limited (EDL) has unveiled major changes in its leadership structure and growth strategy. Jitendra Virwani is appointed as Chairman and Aditya Virwani as Managing Director. The company plans to acquire assets worth ₹559 crores from its Promoter Group, including a luxury residential development and a land parcel in North Bengaluru. EDL has announced a ₹2,000 crore Qualified Institutional Placement (QIP) and a ₹4.5 crore Employee Stock Option Plan. The company aims to launch eight new projects by FY 2026, spanning 7.7 million square feet with a gross development value of ₹15,000 crores. An Extraordinary General Meeting is scheduled for March 25, 2025, to seek shareholder approval for these initiatives.
04Mar 25
Embassy Developments Limited Unveils Ambitious ₹15,000 Crore Expansion Plan for FY 2026
Embassy Developments Limited (EDL) announces plans to launch eight new projects worth ₹15,000 crore in FY 2026. The company has appointed new leadership, with Jitendra Virwani as Chairman and Aditya Virwani as Managing Director. EDL has approved asset acquisitions worth ₹559 crore, including a luxury residential development and a land parcel in North Bengaluru. The company has also approved a ₹2,000 crore QIP and launched a ₹4.5 crore ESOP. EDL aims to expand its portfolio across various residential segments in key Indian markets.
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