Embassy Developments Supreme Court Appeal by Canara Bank

Key Development

Canara Bank has filed an appeal before the Hon'ble Supreme Court of India against the order dated May 4, 2026, passed by the Hon'ble National Company Law Appellate Tribunal (NCLAT) in favor of Embassy Developments Limited (the "NCLAT Order").

Current Status of Legal Proceedings

• No interim order, stay, or other interim relief has been granted against the NCLAT Order dated May 4, 2026
• The NCLAT Order continues to remain in full force and effect
• The matter is listed for hearing before the Hon'ble Supreme Court on September 24, 2026

Financial Implications

Based on the present status of the matter, the Company does not expect any financial implications or claims of a similar nature arising pursuant to this matter. This assessment refers to earlier intimations regarding the claim.

Company's Position and Actions

The Company remains confident of its legal stand and is committed to upholding strong governance standards and protecting stakeholder interests. Embassy Developments Limited intends to take appropriate legal steps in accordance with applicable law to protect and defend the interests of the Company, its shareholders, and other stakeholders.