Description

89,58,403 equity shares of Embassy Developments Limited listed on BSE from December 11, 2025, issued on preferential basis pursuant to conversion of warrants.

Summary

BSE has listed 89,58,403 new equity shares of Embassy Developments Limited (Scrip Code: 532832) with effect from Thursday, December 11, 2025. These shares were issued at a premium of Rs. 109.51 per share (face value Rs. 2) to non-promoters on a preferential basis pursuant to conversion of warrants. The shares rank pari-passu with existing equity shares.

Key Points

  • Total new shares listed: 89,58,403 equity shares of Rs. 2/- each
  • Issue price: Rs. 111.51 per share (Rs. 2 face value + Rs. 109.51 premium)
  • Issued to: Non-Promoters on preferential basis
  • Purpose: Conversion of warrants
  • Distribution numbers: 1554816271 to 1563774673
  • ISIN: INE069I01010
  • Trading commencement: December 11, 2025
  • Ranking: Pari-passu with existing equity shares

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

Trading members must note the listing of these new securities and the applicable lock-in restrictions on the specified shares.

Important Dates

  • Notice Date: December 10, 2025
  • Trading Commencement: December 11, 2025
  • Allotment Date (Batch 1): November 17, 2025 - 48,22,891 shares (Dist. Nos. 1554816271 to 1559579161)
  • Allotment Date (Batch 2): November 20, 2025 - 41,35,512 shares (Dist. Nos. 1559579162 to 1563774673)
  • Lock-in Period Ends: June 10, 2026 (for all shares)

Impact Assessment

This is a routine listing notification with limited market impact. The preferential issue represents capital raising through warrant conversion to non-promoter investors. All shares are subject to lock-in until June 10, 2026, which means they cannot be traded until that date despite being listed. The dilution impact on existing shareholders is moderate given the total issuance of approximately 8.96 million shares. Trading members should be aware of the lock-in restrictions when processing orders.

Impact Justification

Routine listing of preferential shares issued to non-promoters. Standard lock-in period applies. No significant market-wide impact.