Embassy Developments Limited
The Co. has a presence in residential real estate development from Affordable to Premium & Uber-luxury space. It mainly focuses on the construction and development of residential, commercial and SEZ projects across the Indian metro cities. Geographically, the Company’s strategic focus is in key markets of MMR and NCR Region.
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Canara Bank appealed an NCLAT order favoring Embassy Developments to the Supreme Court. No stay was granted; the favorable order remains effective. The company is confident and anticipates no financial implications from this appeal.
Embassy Developments reports strong Q1 pre-sales of ~₹868 Cr (+338% YoY) and collections of ~₹496 Cr (+54% YoY). Secured RERA approval for Embassy Terazza (Juhu), a >₹3,000 Cr GDV project. Board approved ~₹363 Cr preferential warrants to Embassy Group at an 80% premium, with promoters committing to early conversion.
Embassy Developments' Q1 FY27 pre-sales hit 868 Cr (+338% YoY), collections 496 Cr (+54% YoY). OCs secured for projects in Gurugram and Savroli. A preferential warrant allotment at 111.51/share will repay shareholder debt. FY27 pre-sales target: 6,000 Cr (owned) & 2,000 Cr (DM).
Embassy Developments allotted INR 1,020 Cr unlisted NCDs at 11% interest via private placement. Majority (INR 920 Cr) will refinance existing debt, boosting financial flexibility. Remaining funds will support project construction and working capital.
Embassy Developments saw strong Q1 pre-sales of ~868 Cr, up 338% YoY. Collections rose 54% to ~496 Cr, driven by rapid Bengaluru inventory absorption. Net institutional debt stands at ~3,363 Cr.