Embassy Developments Allots 93.18 Lakh Shares on Warrant Conversion

Embassy Developments Limited has allotted 93,18,900 equity shares following the conversion of remaining warrants held by Embassy Property Developments Private Limited, a promoter group entity. This conversion, which brought in INR 77,93,62,904.25 (approximately ₹78 Crore), completes the full conversion of all 3,25,18,900 warrants issued on October 12, 2026. The allotment was made at an exercise price of INR 111.51 per share. Consequently, the company's paid-up equity share capital has increased to INR 284,63,04,666, and the promoter and promoter group's shareholding has risen from 43.62% to 43.99%. The early and full conversion of warrants demonstrates the promoter group's confidence in the company's long-term prospects.