Embassy Developments532832Preferential allotment
Allotment of 1.1 crore equity shares upon conversion of warrants
Promoter group entity Embassy Property Developments converted 1.1 crore warrants into an equal number of equity shares at an exercise price of INR 111.51 each.
By ScoutQuest · · 2 min read
43.13%Promoter and Promoter Group aggregate shareholding
- Exercise price per share
- INR 111.51
- Balance consideration received
- INR 91,99,57,500
- Promoter and Promoter Group stake
- 43.13% of the enhanced paid-up capital
What happened
- On October 23, 2026 the company issued and allotted 1.1 crore fully paid-up equity shares to Embassy Property Developments Private Limited, an entity in the Promoter and Promoter Group.
- The shares were allotted on conversion of 1.1 crore warrants held by that entity, out of the ~3.25 crore warrants issued to it on a preferential basis.
- The exercise price was INR 111.51 per equity share. Each warrant is convertible into an equivalent number of fully paid-up equity shares.
- The new shares rank pari passu with the existing equity shares of the company.
Money received
- Against these warrants the company received balance consideration of INR 91,99,57,500/-.
- Warrants were originally allotted on October 12, 2026 following a shareholders' resolution dated September 08, 2026 and in-principle approvals from BSE Limited and National Stock Exchange of India Limited dated September 30, 2026.
Share capital after the allotment
- Paid-up equity share capital stands at ~INR 280.33 crore.
- The Promoter and Promoter Group now holds 43.13% of the enhanced paid-up equity share capital.
What is still pending
- ~2.15 crore warrants remain outstanding and are convertible within their tenure, on or before April 11, 2027.
- The Promoter Group has voluntarily committed to exercise and convert all the warrants within a period not exceeding 6 months from the date of allotment of the warrants.
What this means for retail investors
- The conversion brings fresh equity money into the company rather than adding debt, and it comes from a promoter group entity.
- Because new shares have been issued, the total number of shares in circulation has gone up. The promoter group's percentage holding rises to 43.13% because the newly issued shares went to it.
- Any further conversion of the 2,15,18,900 outstanding warrants would add more shares in future, which is a point to keep track of.
3,25,18,900Warrants held by the allottee
Warrants remaining outstanding2,15,18,900
Equity shares allotted on conversion of warrants1,10,00,000
Also from Embassy Developments
Embassy Developments Ltd promoter buys 0.9942% stake, holding rises to 42.6768%
14 Oct 2026
Allotment of 3,25,18,900 convertible warrants on preferential basis
12 Oct 2026
Infomerics upgrades Embassy Developments to IVR A/Stable; bank loan facilities raised to INR 350.00 crore
9 Oct 2026
More numbers
- Equity shares allotted on conversion of warrants1,10,00,000
- Exercise price per equity shareINR 111.51
- Balance consideration receivedINR 91,99,57,500/-
- Warrants held by the allottee3,25,18,900
- Paid-up equity share capital after allotmentINR 2,80,32,66,866/-
- Promoter and Promoter Group aggregate shareholding43.13%
- Warrants remaining outstanding2,15,18,900
- Voluntary period to convert all warrants6 (six) months
Source: BSE · 23 Oct 2026
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