Embassy Developments Limited has received approval for the allotment of 2,500 Non-Convertible Debentures (NCDs) aggregating to INR 25 crores. The allotment, which is part of a larger INR 400 crore issue size, was executed today, March 16, 2026, via private placement. These NCDs are senior, secured, and carry an annual cash coupon rate of 11%, paid quarterly after a 6-month moratorium. The tenure for repayment is set at 40 months and 15 days from the allotment date.
NCD Allotment Approved via Private Placement
Embassy Developments Limited announced that its duly constituted committee of the Board of Directors has approved the allotment of debt securities on March 16, 2026. The action fulfills prior intimation made on January 29, 2026.
The company approved the allotment of an aggregate of 2,500 Non-Convertible Debentures (NCDs). Each NCD has a face value of INR 1,00,000/-, resulting in a total issue size for this tranche of INR 25 crores. This allotment represents a portion of the total authorized issue size of INR 400 crores and was executed via a Private Placement.
Key Details of the Debt Instrument
The newly issued instruments are categorized as Senior, secured, redeemable, unrated, and unlisted non-convertible debentures.
Pricing and Repayment Schedule
- Cash Coupon Rate: 11% per annum.
- Interest Payment Schedule: Paid quarterly following a 6-month moratorium.
- Repayment Schedule: To be repaid after 4 quarters of principal moratorium in 10 equal instalments. The Company retains the option for partial or full prepayment before maturity using surplus funds.
Tenure and Security
The Date of Allotment is confirmed as March 16, 2026. The total Tenure & Date of Maturity is set for 40 months and 15 Days commencing from the allotment date.
The NCDs are secured by a charge created on identified assets of the Company, as detailed in the Debenture Trust Deed. The securities are not proposed to be listed at any stock exchange.
Instrument Status
It is confirmed that there are no applicable special rights or privileges attached to the instrument, nor are there any provisions for cancellation or termination of the issuance proposal. Furthermore, there is no applicable provision for delayed payment of interest or principal beyond three months from the due date.
Source: BSE
