Description

Embassy Developments Limited lists 1,04,46,067 equity shares of Rs. 2/- each at a premium of Rs. 109.51/- issued on preferential basis pursuant to conversion of warrants, effective November 24, 2025.

Summary

BSE has listed 1,04,46,067 new equity shares of Embassy Developments Limited (Scrip Code: 532832) issued on a preferential basis to promoters and non-promoters pursuant to conversion of warrants. The shares will be available for trading from Monday, November 24, 2025. The shares were allotted on October 13, 2025, at an issue price of Rs. 111.51/- per share (face value Rs. 2/- with premium of Rs. 109.51/-). These shares rank pari-passu with existing equity shares and are subject to varying lock-in periods.

Key Points

  • Total new shares listed: 1,04,46,067 equity shares of Rs. 2/- each
  • Issue price: Rs. 111.51/- per share (Rs. 2/- face value + Rs. 109.51/- premium)
  • Date of allotment: October 13, 2025
  • Trading commencement date: November 24, 2025
  • ISIN: INE069I01010
  • Distribution numbers: 1544370204 to 1554816270
  • Shares issued on preferential basis pursuant to warrant conversion
  • Shares rank pari-passu with old equity shares

Regulatory Changes

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

Compliance Requirements

  • Trading members must note the new securities are available for trading from November 24, 2025
  • Lock-in restrictions apply to different tranches of shares as per the specified lock-in schedule
  • Shares are subject to SEBI regulations governing preferential allotment and warrant conversions

Important Dates

  • Date of Allotment: October 13, 2025
  • Trading Commencement: November 24, 2025
  • Lock-in Expiry Dates:
    • 8,50,000 shares (Dist. Nos. 1544370204-1545220203): May 23, 2026
    • 80,96,067 shares (Dist. Nos. 1545220204-1553316270): May 23, 2027
    • 15,00,000 shares (Dist. Nos. 1553316271-1554816270): May 23, 2026

Impact Assessment

Market Impact: Low. This is a routine listing following warrant conversion under preferential allotment. The shares are subject to lock-in periods ranging from approximately 6 months to 18 months from the notice date, which will restrict immediate selling pressure.

Operational Impact: Minimal. Trading members need to update their systems to reflect the increased share capital. The new shares represent a dilution event but are issued to existing promoters and select non-promoters.

Investor Impact: The lock-in schedule indicates 80,96,067 shares (approximately 77.5% of the allotment) are locked until May 23, 2027, suggesting long-term commitment from allottees. The remaining shares have shorter lock-in periods ending May 23, 2026.

Impact Justification

Routine listing of new equity shares following warrant conversion. Standard preferential allotment with lock-in requirements. Limited market impact as shares are issued to promoters and non-promoters on preferential basis.