Embassy Developments Limited has announced its audited financial results for the quarter and financial year ended March 31, 2026. The company reported a consolidated total income of ₹19,051.21 million for the full financial year. Additionally, the company strengthened its leadership team with the appointment of Mr. Chirag Boonlia as the new Chief Technology Officer, effective May 20, 2026, to drive digital transformation and operational excellence across its diverse business portfolio.
Financial Performance Overview
For the financial year ended March 31, 2026, the company recorded a consolidated total income of ₹19,051.21 million. The audited results reflect the ongoing scale of operations and the impact of the company’s strategic consolidation. On a quarterly basis, the consolidated total income for the Q4 (Jan-Mar 2026) period stood at ₹4,072.08 million.
Leadership and Management Updates
In a move to accelerate technological innovation and digital strategy, the Board of Directors has appointed Mr. Chirag Boonlia as the Chief Technology Officer (CTO), effective May 20, 2026. With over two decades of experience, Mr. Boonlia brings extensive expertise in driving large-scale digital transformation and enterprise-wide technology strategy, which is expected to support the company’s operational growth and efficiency.
Strategic Business Developments
The company continues to focus on its core business of real estate development and related services. During the fiscal year, the company successfully completed the acquisition of 100% shareholding in Squadron Developers Limited. Furthermore, the company navigated through legal proceedings, successfully resolving a corporate insolvency resolution process (CIRP) initiated against it, with the National Company Law Appellate Tribunal (NCLAT) dismissing the application on May 4, 2026.
Operational Highlights
The company also noted a successful outcome regarding a leasehold land dispute in Bengaluru, where the Hon’ble High Court of Karnataka set aside orders for the resumption of land admeasuring 78 acres. These developments, along with the recent capital infusion from share warrant conversions, provide the company with a stable foundation as it enters the new financial year.
Source: BSE
