Embassy Developments Strikes Off Non-Operational Subsidiary

Embassy Developments Ltd has voluntarily struck off and dissolved its wholly owned subsidiary, Dev Property Development Limited (DPDL), which was non-operational. This move is part of the company's strategy to simplify its corporate structure and reduce administrative and compliance costs. DPDL has ceased to be a subsidiary of Embassy Developments. The company has confirmed that this action does not constitute a sale of any undertaking and the financial impact, including turnover, revenue, income, and net worth contributed by DPDL, is Nil. Consequently, all related disclosures under SEBI LODR Regulations are marked as 'Nil' or 'Not Applicable'.