Description

Embassy Developments Limited lists 1,04,46,067 new equity shares issued on preferential basis pursuant to conversion of warrants, effective November 24, 2025.

Summary

BSE announces the listing and admission to trading of 1,04,46,067 new equity shares of Embassy Developments Limited (Scrip Code: 532832) effective Monday, November 24, 2025. These shares were issued at a premium to promoter and non-promoter shareholders on a preferential basis pursuant to the conversion of warrants. The 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 (face value Rs. 2/- + premium of Rs. 109.51/-)
  • Allotment basis: Preferential to promoter and non-promoter on warrant conversion
  • Date of allotment: October 13, 2025
  • Trading commencement: November 24, 2025
  • ISIN: INE069I01010
  • Distribution numbers: 1544370204 to 1554816270
  • Ranking: Pari-passu with existing equity shares

Regulatory Changes

No regulatory changes introduced. This is a routine listing announcement following SEBI (ICDR) Regulations for preferential allotment.

Compliance Requirements

  • Trading members should update their systems to reflect the increased share capital of Embassy Developments Limited
  • Recognize lock-in restrictions applicable to different tranches of allotted shares
  • Ensure proper handling of locked-in securities in trading systems

Important Dates

  • Allotment Date: 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 of preferentially allotted shares following warrant conversion. The lock-in periods on majority of shares (80,96,067 shares locked until May 2027) will limit immediate supply pressure on the stock.

Liquidity Impact: Marginal increase in total tradable shares, though substantial portion remains locked for 18-31 months.

Shareholder Impact: Dilution of existing shareholders’ stake due to preferential allotment to promoter and non-promoter entities. The shares rank equally with existing shares in terms of voting rights and dividends.

Impact Justification

Routine listing of preferentially allotted shares post warrant conversion. Standard corporate action with limited market-wide impact.