Description
Embassy Developments Limited lists 53,80,500 equity shares issued at Rs. 111.51 per share to promoters on preferential basis pursuant to conversion of warrants, effective October 9, 2025.
Summary
BSE has approved the listing of 53,80,500 new equity shares of Embassy Developments Limited (Scrip Code: 532832) effective from October 9, 2025. These shares were issued to promoters on a preferential basis at Rs. 111.51 per share pursuant to conversion of warrants allotted on August 20, 2025.
Key Points
- Number of Shares: 53,80,500 equity shares of Rs. 2/- face value each
- Issue Price: Rs. 111.51 per share (including premium of Rs. 109.51)
- Allotment Basis: Preferential allotment to promoters pursuant to warrant conversion
- Distinctive Numbers: 1538989704 to 1544370203
- ISIN: INE069I01010
- Ranking: Pari-passu with existing equity shares
- Trading Commencement: October 9, 2025
Regulatory Changes
No regulatory changes introduced. This is a standard listing procedure following preferential allotment regulations.
Compliance Requirements
- Trading members are informed to note the new securities for trading purposes
- Lock-in requirements must be observed for the allotted shares
Important Dates
- Date of Allotment: August 20, 2025
- Trading Commencement: October 9, 2025
- Lock-in Expiry: April 8, 2025 (Note: This appears to be a clerical error in the original circular as the lock-in date precedes the allotment date. It should likely be April 8, 2026)
Impact Assessment
Market Impact: Low. This is a routine listing of preferential shares issued to promoters through warrant conversion. The shares are subject to lock-in restrictions, limiting immediate market supply. The allotment increases the paid-up capital of Embassy Developments Limited by approximately 53.8 lakh shares, which may have minimal dilution impact depending on the existing share capital.
Impact Justification
Routine listing of preferential shares to promoters following warrant conversion with lock-in period; minimal market impact expected