Embassy Developments Allots ₹105 Cr NCDs via Private Placement

Embassy Developments Limited's Board committee, at its meeting on September 22, 2026, approved the allotment of 10,500 rated, unlisted, secured, redeemable, taxable, non-convertible debentures (NCDs). Each debenture has a face value of ₹1,00,000, totaling ₹105 crores. This allotment was made on a private placement basis, forming part of a larger approved issue size of up to ₹160 crores. The NCDs carry a cash coupon rate of 12.50% per annum, payable semi-annually. The debentures were allotted on September 22, 2026, with a maturity date of September 22, 2028, though the company may prepay them earlier. They are secured by a charge on identified assets and are not proposed to be listed on any stock exchange.