Embassy Developments Limited’s board-constituted committee has approved raising funds up to INR 160 crores through the issuance of up to 16,000 Non-Convertible Debentures (NCDs). These NCDs, with a face value of INR 1,00,000/- each, will be issued on a private placement basis. The approval, granted on September 19, 2026, is an enabling authorization for future issuance as and when required, subject to terms agreed upon and compliance with applicable laws.
Embassy Developments Secures Approval for Fund Raising
Embassy Developments Limited (the “Company”) has announced a significant step in its capital-raising strategy. A committee constituted by the Board of Directors met on September 19, 2026, and approved the raising of funds amounting to up to INR 160 crores. This will be achieved through the issuance of Non-Convertible Debentures (NCDs).
Details of the Non-Convertible Debenture Issuance
The proposed issuance includes up to 16,000 Non-Convertible Debentures, each with a face value of INR 1,00,000/-. These NCDs will be offered on a private placement basis. The issuance may occur in one or more tranches, or series, with terms to be agreed upon by the Board or its constituted committee. This approval serves as an enabling authorization to facilitate the issuance of these Debentures as and when the Company deems it necessary, in compliance with the Companies Act, 2013, and other applicable laws.
Regulatory Disclosure
The disclosure regarding this fund-raising approval is made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The detailed information as required by SEBI LODR Regulations is provided in Annexure A of the disclosure document. The Company noted that the issuance is not proposed to be listed on any stock exchange.
Source: BSE
