Embassy Developments Limited has made a disclosure pursuant to Regulation 30 of the SEBI LODR Regulations regarding the allotment of non-convertible debentures.
Key Quantitative Figures
The company has allotted 1,02,000 debentures with a face value of INR 1,00,000 each, aggregating to INR 1,020 crores. This represents a portion of the total approved issue size of INR 1,570 crores.
Dates of Action
The Board's constituted committee approved the allotment at its meeting held on July 15, 2026 (the date of allotment).
Maturity Details
The debentures have two distinct maturity schedules:
- 2,500 Debentures (INR 25 crores): Maturing on September 30, 2029, redeemable in 10 quarterly instalments commencing from June 30, 2027
- 99,500 Debentures (INR 995 crores): Maturing on December 31, 2029, redeemable in 6 quarterly instalments commencing from September 30, 2028
Interest Payment Schedule
Interest will be paid quarterly at the following rates:
- 2,500 Debentures (INR 25 crores): Quarterly payments commencing from September 30, 2026
- 99,500 Debentures (INR 995 crores): Quarterly payments commencing from December 31, 2027
Use of Proceeds
Out of the aggregate proceeds of INR 1,020 crores:
- Approximately INR 920 crores will be utilized towards repayment/refinancing of existing indebtedness
- The balance will be used towards project construction, working capital requirements, and/or other general corporate purposes
The funds may be utilized in one or more tranches as required.
Security Details
The debentures are secured by a charge on the identified assets of the Company and/or its subsidiaries, as per the Debenture Trust Deed. The security package may be modified and/or revised from time to time as mutually agreed between the relevant parties.
Additional Information
The debentures are:
- Not proposed to be listed at any stock exchange
- Unrated
- No special rights/privileges attached
- No delays or defaults in payment
- No cancellation or termination of the issuance proposal