Description

53,80,500 equity shares of Embassy Developments Limited issued on preferential basis pursuant to warrant conversion are listed and permitted to trade with effect from October 9, 2025.

Summary

BSE has listed 53,80,500 equity shares of Embassy Developments Limited (Scrip Code: 532832) issued to promoters on a preferential basis pursuant to conversion of warrants. The shares will be permitted to trade with effect from Thursday, October 9, 2025. The shares are issued at Rs. 111.51 per share (face value Rs. 2 plus premium of Rs. 109.51) and rank pari-passu with existing equity shares.

Key Points

  • Company: Embassy Developments Limited (Scrip Code: 532832)
  • Number of shares listed: 53,80,500 equity shares
  • Face value: Rs. 2 per share
  • Issue price: Rs. 111.51 per share (including premium of Rs. 109.51)
  • Nature of issue: Preferential allotment to promoters pursuant to warrant conversion
  • Date of allotment: August 20, 2025
  • Trading commencement date: October 9, 2025
  • ISIN: INE069I01010
  • Distinctive numbers: 1538989704 to 1544370203
  • Ranking: Pari-passu with existing equity shares

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for newly issued securities.

Compliance Requirements

  • Trading members are informed to enable trading in these newly listed securities from October 9, 2025
  • Lock-in requirements must be observed for the allotted shares as per SEBI regulations

Important Dates

  • Date of Allotment: August 20, 2025
  • Trading Commencement Date: October 9, 2025
  • Lock-in Period Expiry: April 8, 2026
  • Notice Date: October 8, 2025

Impact Assessment

Market Impact: Low. This is a routine listing of preferential allotment shares issued to promoters. The shares are subject to lock-in until April 8, 2026, which means they cannot be traded freely in the immediate term, limiting short-term market impact.

Shareholder Impact: The preferential allotment increases the total equity base of Embassy Developments Limited. The shares rank pari-passu with existing shares, meaning promoter-allotted shares have equal rights.

Operational Impact: Minimal operational impact. Trading members need to update their systems to reflect the increased share capital and ensure proper handling of lock-in restrictions on the newly listed securities.

Impact Justification

Routine listing of preferential allotment shares post warrant conversion. Limited market impact as shares are locked-in until April 2026.