Embassy Developments Limited has announced its audited financial results for the quarter and financial year ended March 31, 2026. The company reported a total income of ₹19,051.21 million for the fiscal year, with a consolidated net loss after tax of ₹8,724.75 million. Additionally, the company strengthened its leadership team with the appointment of Mr. Chirag Boonlia as the new Chief Technology Officer, effective May 20, 2026.
Annual Financial Performance
For the financial year ended March 31, 2026, Embassy Developments Limited achieved a total consolidated income of ₹19,051.21 million. The company’s performance for the quarter ended March 31, 2026 (Q4), reflected a total income of ₹4,072.08 million. The consolidated net loss after tax and share of joint ventures for the full fiscal year stood at ₹8,724.75 million, while the loss for the final quarter was ₹3,234.32 million.
Strategic Leadership Appointment
In a move to drive digital innovation and operational excellence, the company has appointed Mr. Chirag Boonlia as the Chief Technology Officer (CTO). Mr. Boonlia brings over two decades of experience in technology and business transformation across sectors including real estate and property management. His role will focus on leading enterprise-wide technology strategies to support the company’s growth and large-scale digital transformation initiatives.
Key Operational and Corporate Highlights
During the fiscal year, the company successfully completed the acquisition of a 100% shareholding in Squadron Developers Limited. Additionally, in a significant legal development, the company received a favorable ruling from the Hon’ble High Court on May 12, 2026, which set aside orders regarding the resumption of land held by its subsidiary, Embassy East Business Parks Limited. Furthermore, the company reported the resolution of a long-standing corporate insolvency matter, confirming that it is no longer under the Corporate Insolvency Resolution Process (CIRP) following a successful appeal to the NCLAT.
Source: BSE
