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Latest news about Embassy Developments

Embassy Developments Limited Forfeits INR 132.49 Crores as Convertible Warrants Lapse 2 days ago

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.

Embassy Developments Unveils ₹10,300 Crore Housing Project Plan in North Bengaluru 10 days ago

Embassy Developments Allots 4.14 Crore Equity Shares Worth INR 34.59 Crore Through Warrant Conversion Nov 20, 2025

Embassy Developments Raises ₹40.34 Crore Through Warrant Conversion Nov 17, 2025

Embassy Developments Reports 102% Jump in Quarterly Pre-Sales to ₹409 Crore Nov 07, 2025

More news about Embassy Developments

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.