Embassy Developments Ltd. Reports Share Encumbrance by Promoter Groups
Embassy Developments Limited (EDL) announced that Embassy Property Developments Private Limited and JV Holding Private Limited, both promoter entities, have encumbered shares in the company. The disclosures were made on March 25, 2026, in accordance with SEBI regulations.A total of 59,31,29,123 equity shares, representing 42.65% of the total share capital, are held by the promoter groups. The encumbered shares represent 59.52% of the total promoter shareholding and 25.39% of the total share capital.
The total value of the shares on March 23, 2026, was ₹583,22,44,248.40. The total amount involved against which the shares have been encumbered is ₹1019,93,44,382.90.
Details of Share Encumbrances:
The encumbrances involve pledges of shares to secure redeemable, unrated, and unlisted non-convertible debentures.
Encumbrance Details:
Here's a breakdown of the pledged shares and associated details, presented in a table for clarity:
| Detail | Embassy Property Developments Private Limited (EPDPL) | JV Holding Private Limited (JVHPL) |
|---|---|---|
| Total No. of Shares Pledged | 4,45,00,000 (3.20% of share capital) | 6,53,40,000 (4.70% of share capital) |
| Total Shares Pledged (Combined) | 6,30,95,240 (4.54% of share capital) | N/A |
| Debt Instrument | Secured, redeemable, unrated, unlisted non-convertible debentures | Secured, redeemable, unrated, unlisted non-convertible debentures |
| Issuer | Serenesummit Realty Private Limited | Serenesummit Realty Private Limited |
| Amount Involved | ₹500,00,00,000 | ₹285,00,00,000 |
| Purpose of Funds | Refinance existing facilities, working capital, and general corporate purposes | Refinance existing facilities, working capital, and general corporate purposes |
| Trustee | Catalyst Trusteeship Limited | Catalyst Trusteeship Limited |
| Nature of Business (Trustee) | Trusteeship services | Trusteeship services |
| Debt Instrument Listed? | No | No |
| Credit Rating | Unrated | Unrated |
| ISIN | INE686T07015 and INE686T07023 | INE686T07015 and INE686T07023 |
The funds raised are intended for refinancing existing facilities, working capital, and general corporate purposes, adhering to applicable laws. The entities involved are Serenesummit Realty Private Limited and Catalyst Trusteeship Limited.
Source:
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