Embassy Developments Ltd. Discloses Reasons for Share Encumbrance
Embassy Developments Limited announced on March 19, 2026, that Embassy Property Developments Private Limited and JV Holding Private Limited have disclosed the reasons for the encumbrance of shares in the company. The disclosure was made in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.As of the disclosure date, Embassy Property Developments Private Limited (Promoter Group) held 59,31,29,123 shares, representing 42.6517% of the total share capital. JV Holding Private Limited (Promoter) held the remaining portion of the promoter shareholding.
A total of 24,32,00,930 shares, representing 17.48% of the total share capital, are currently encumbered. This represents 49.9960% of the promoter shareholding.
The encumbrance relates to debentures issued by Serenesummit Realty Private Limited and JV Holding Private Limited. The funds from the debentures are being utilized by the promoters and promoter group for refinancing existing facilities, working capital, and general corporate purposes.
Details of the Encumbrance:
The following table outlines the specifics of the share encumbrance:
| Particulars | Embassy Property Developments Private Limited (EPDPL) | JV Holding Private Limited (JVHPL) |
|---|---|---|
| No. of shares encumbered | 24,32,00,930 | 5,33,40,000 |
| % of total share capital | 17.48% | 3.84% |
| Entity in whose favour shares are encumbered | Catalyst Trusteeship Limited | Catalyst Trusteeship Limited |
| Value of shares (A) | Rs. 267,66,01,200 | Rs. 1611,93,57,640.4 |
| Amount involved (B) | Rs. 577,50,00,000 | Rs. 500,00,00,000 |
| Ratio of A/B | 0.46 | 3.22 |
Source:
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