INDIABULLS REAL ESTATE LTD.

Embassy Developments Ltd announced that the Division Bench of the Karnataka High Court has set aside a previous order that had allowed a writ petition filed by its subsidiary, Embassy East Business Park Limited (EEBPL). The earlier order had set aside a resumption order by KIADB concerning approximately 78 acres of land in Bengaluru. The Division Bench clarified that no opinion was expressed on the merits of the dispute, and all issues remain open for consideration by the regular bench. An undertaking by KIADB to not take coercive action will continue. The company and EEBPL maintain the resumption order is invalid and will pursue legal remedies.

Embassy Developments Limited has awarded a significant construction contract worth over ₹850 crore to Leighton Asia for its upcoming ultra-luxury residential project, Embassy Citadel, in Worli, Mumbai. This contract covers the complete civil and structural works for the landmark development. Embassy Citadel represents Embassy Developments' strategic entry into Mumbai's residential market, with an estimated gross development value of approximately ₹8,800 crore. The project will feature 316 residences and extensive amenities, aiming to set a new benchmark for luxury living in the city. Leighton Asia's selection highlights their extensive experience in delivering complex, high-rise residential projects.

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'.

Embassy Property Developments Private Limited, the promoter group of Embassy Developments Limited, has announced the release of a pledge on 2 crore equity shares. This disclosure, made under SEBI (Prohibition of Insider Trading) Regulations, 2015, signifies a reduction in encumbrance on the promoter's shareholding. The shares were released on June 4, 2026, with the value of the transaction calculated based on the closing price of June 4, 2026, at NSE, amounting to ₹1,17,26,00,000. This action may be viewed positively by the market as it reduces potential overhang on the company's stock.

Embassy Developments Ltd reported a strong FY26, with pre-sales reaching ₹4,631 Cr, a 128% YoY increase. Q4 FY26 saw record pre-sales of ₹2,632 Cr, up 89% Q-o-Q, driven by launches like Embassy Citadel in Mumbai and Embassy Verde 2 in Bengaluru. The company's Bengaluru launches in the premium ₹10 Cr+ segment accounted for over 65% of FY26 sales in that category. Collections for FY26 stood at ₹1,673 Cr. The company anticipates pre-sales of ₹6,000 Cr and collections of ₹3,000 Cr for FY27. The NCLAT set aside insolvency proceedings initiated by Canara Bank.

Embassy Developments Ltd's board approved audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, at a meeting held on May 20, 2026. The results, along with audit reports and a declaration on unmodified auditor opinion, have been uploaded to the company's website and will be published in newspapers. The board also approved the appointment of Mr. Chirag Boonlia as Chief Technology Officer, effective May 20, 2026. The trading window will remain closed until May 24, 2026.

Embassy Developments Ltd's Nomination and Remuneration Committee approved the grant of 272,935 Stock Options (SOs) and 165,887 Performance Stock Units (PSUs) to eligible employees under the Embassy Developments Limited Employee Stock Option Scheme – 2025. Each SO is convertible into one equity share of face value ₹2. The SOs vest over 4 years, while PSUs vest based on performance. The options can be exercised within 5 years from the vesting date or 7 years from the grant date, whichever is earlier. The pricing is ₹111.51 per SO and ₹2 per PSU.

Embassy Developments Ltd's board approved the audited financial results (standalone and consolidated) for the quarter and financial year ended March 31, 2026, in a meeting held on May 20, 2026. The board also approved the appointment of Mr. Chirag Boonlia as Chief Technology Officer, effective from the same date. The financial results and audit reports are available on the company's website and will be published in newspapers. The trading window will remain closed until May 24, 2026.

Embassy Developments Ltd's board approved audited financial results (standalone and consolidated) for the quarter and financial year ended March 31, 2026, in a meeting held on May 20, 2026. The board also approved the appointment of Mr. Chirag Boonlia as Chief Technology Officer, effective May 20, 2026. Trading window closure remains until May 24, 2026.

Embassy Developments Ltd has announced a Board of Directors meeting scheduled for May 20, 2026, to consider and approve the audited standalone and consolidated financial results for the year ended March 31, 2026. In compliance with SEBI regulations, the trading window for the company's securities will remain closed until May 24, 2026.