Description

Embassy Developments Limited lists 1,04,46,067 equity shares of Rs. 2/- each issued at Rs. 111.51/- on preferential basis to promoters and non-promoters, with trading commencing November 24, 2025.

Summary

BSE has approved the listing of 1,04,46,067 new equity shares of Embassy Developments Limited (Scrip Code: 532832) issued on preferential basis. The shares were allotted on October 13, 2025, at an issue price of Rs. 111.51/- per share (face value Rs. 2/- plus premium of Rs. 109.51/-). Trading in these securities will commence on Monday, November 24, 2025. The new shares rank pari-passu with existing equity shares.

Key Points

  • Total new shares listed: 1,04,46,067 equity shares of Rs. 2/- each
  • Issue price: Rs. 111.51/- per share (premium of Rs. 109.51/-)
  • Allotment date: October 13, 2025
  • Allotment type: Preferential basis to promoters and non-promoters
  • ISIN: INE069I01010
  • Distinctive Numbers: 1544370204 to 1554816270
  • Shares rank pari-passu with existing equity shares
  • Multiple lock-in periods apply to different tranches

Regulatory Changes

No regulatory changes introduced by this circular. This is a standard listing notification for preferentially allotted securities.

Compliance Requirements

  • Trading members are informed to note the listing of new securities
  • Lock-in restrictions must be observed as per SEBI regulations:
    • 8,50,000 shares (Dist. Nos. 1544370204-1545220203): Lock-in until May 23, 2026
    • 80,96,067 shares (Dist. Nos. 1545220204-1553316270): Lock-in until May 23, 2027
    • 15,00,000 shares (Dist. Nos. 1553316271-1554816270): Lock-in until May 23, 2026
  • Market participants must ensure lock-in shares are not traded during restricted periods

Important Dates

  • Allotment Date: October 13, 2025
  • Trading Commencement: November 24, 2025
  • Lock-in Expiry (Tranche 1): May 23, 2026 (8,50,000 shares)
  • Lock-in Expiry (Tranche 2): May 23, 2027 (80,96,067 shares - longest lock-in)
  • Lock-in Expiry (Tranche 3): May 23, 2026 (15,00,000 shares)

Impact Assessment

Market Impact: Medium. The preferential allotment of over 10.4 crore shares represents significant equity dilution for existing shareholders. The staggered lock-in structure with majority shares (80.96 lakh) locked until May 2027 provides stability and prevents immediate selling pressure.

Investor Impact: Existing shareholders experience dilution, but the lock-in provisions ensure promoter/investor commitment. The premium pricing (Rs. 109.51 over face value) indicates investor confidence. The 18-24 month lock-in periods align with regulatory requirements for preferential allotments.

Trading Impact: New shares will add liquidity to the stock from November 24, 2025, though majority remain locked for extended periods. Market participants should track lock-in expiry dates for potential supply increase.

Impact Justification

Standard preferential allotment listing for Embassy Developments Limited with staggered lock-in periods. Material for existing shareholders due to equity dilution of approximately 10.4 crore shares.