Remaining warrants converted; ~93.19 lakh equity shares allotted to promoter group entity
Embassy Property Developments Private Limited, a member of the Promoter and Promoter Group, has converted its remaining ~93.19 lakh warrants into equity shares.
By ScoutQuest · · 2 min read
- Equity shares allotted on warrant conversion
- ~93.19 lakh equity shares allotted at INR 111.51 each
- Balance consideration received
- INR 77,93,62,904.25, being 75% of the exercise price
- Promoter and Promoter Group stake
- moves from 43.62% to 43.99% of the enhanced paid-up equity share capital
What the company disclosed
The company has issued and allotted ~93.19 lakh fully paid-up equity shares to Embassy Property Developments Private Limited, a member of the Promoter and Promoter Group, after that entity chose to convert the remaining warrants it held. The shares were issued at the exercise price of INR 111.51 per equity share. The new shares rank pari passu in all respects with the existing equity shares of the company.
Key numbers
- ~93.19 lakh equity shares allotted on conversion of the exercised warrants.
- Balance consideration received: INR 77,93,62,904.25, being 75% of the exercise price on these warrants.
- These were the last tranche of the ~3.25 crore warrants allotted to the Promoter Group on October 12, 2026.
- Post allotment, paid-up equity share capital stands at ~INR 284.63 crore, comprising ~142.32 crore equity shares.
Shareholding after the allotment
- The aggregate shareholding of the Promoter and Promoter Group rises from 43.62% to 43.99% of the enhanced paid-up equity share capital.
- With this conversion, all ~3.25 crore warrants allotted on October 12, 2026 have been converted into equity shares, and none remain outstanding for conversion.
What the update says about the conversion
The company states that the full and early conversion of the warrants by the Promoter Group demonstrates its continued commitment to the company and confidence in its long-term growth prospects. The conversion happened well ahead of the tenure allowed for conversion, and the balance subscription money has come in with it.
Points to keep in view
- The allotment was made on a preferential basis in terms of Chapter V of the SEBI ICDR Regulations, under a shareholders' resolution and in-principle approvals from the stock exchanges.
- The conversion increases the total number of equity shares in issue, which changes the base on which shareholding percentages are calculated.
- Since the shares went to an entity in the Promoter and Promoter Group, the promoter holding percentage moves up rather than down.
Also from Embassy Developments
Q2 FY27 investor update: pre-sales INR 3,225 Cr, H1 INR 4,093 Cr; promoter warrants converted
3 Nov 2026
Embassy Developments posts record Q2 FY27 pre-sales of ₹3,225 crore; three launches carry ₹8,397 crore GDV
3 Nov 2026
Board approves Q2 and H1 FY27 results; auditor's limited review conclusion unmodified
3 Nov 2026
More numbers
- Equity shares allotted on conversion93,18,900
- Exercise price per equity shareINR 111.51
- Balance consideration received77,93,62,904.25
- Warrants allotted on October 12, 20263,25,18,900
- Paid-up equity share capital post allotmentINR 284,63,04,666
- Total equity shares post allotment142,31,52,333
- Promoter and Promoter Group holding before allotment43.62%
- Promoter and Promoter Group holding after allotment43.99%
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