| <p>Embassy Developments Limited disclosed the release and re-creation of pledges over 9,79,05,440 equity shares held by Embassy Property Developments Private Limited and OMR Investments LLP, both part of the company’s Promoter Group, between November 6, 2026, and November 11, 2026. The company stated that the transactions were undertaken solely to comply with lock-in requirements related to the conversion of 3,25,18,900 convertible warrants allotted to Embassy Property Developments Private Limited, and that the aggregate number of shares under pledge and the amount of borrowing remain unchanged. The Promoter Group has converted all warrants at Rs 111.51 per equity share, infusing approximately Rs 362.62 crore into the company and increasing its shareholding from 42.68% to 43.99%.</p> |