Description
Embassy Developments Limited has listed 53,80,500 equity shares issued at a premium to promoters on a preferential basis pursuant to conversion of warrants, effective October 9, 2025.
Summary
Embassy Developments Limited (Scrip Code: 532832) has listed 53,80,500 equity shares of Rs. 2/- each issued at a premium of Rs. 109.51/- to promoters on a preferential basis pursuant to conversion of warrants. The new securities are permitted to trade on BSE with effect from Thursday, October 9, 2025, and rank pari-passu with existing equity shares.
Key Points
- 53,80,500 equity shares of Rs. 2/- each issued at premium of Rs. 109.51/-
- Issued to promoters on preferential basis pursuant to warrant conversion
- Issue price: Rs. 111.51/- per share
- Distribution numbers: 1538989704 to 1544370203
- Date of allotment: August 20, 2025
- ISIN: INE069I01010
- Shares rank pari-passu with existing equity shares
- All 53,80,500 shares are subject to lock-in
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
Trading members of BSE are informed about the listing of these new securities and should update their systems accordingly for trading commencing October 9, 2025.
Important Dates
- Allotment Date: August 20, 2025
- Trading Commencement: October 9, 2025
- Lock-in Expiry: April 8, 2025 (likely 2026 given allotment date)
Impact Assessment
This is a routine corporate action involving preferential allotment to promoters through warrant conversion. The lock-in period ensures shares cannot be traded until April 8, 2025 (as stated in the circular). The listing increases the company’s paid-up equity capital and provides additional funds from promoter subscription. Market impact is minimal as these shares are locked-in and represent a standard capital raising mechanism through preferential route.
Impact Justification
Routine listing of shares from warrant conversion on preferential basis to promoters with standard lock-in period