Embassy Developments Ltd Share Price – NSE  / BSE

Realty, Small Cap

Collections stood at Rs 496 crore in Q1 FY27, up 54% against Rs 322 crore collected in Q1 FY26.

As of 30 June 2026, the company?s net institutional debt stood at around Rs 3,363 crore, after adjusting for cash and cash equivalents of approximately Rs 1,202 crore.

Separately, the company's board approved raising additional funds of up to Rs 1,170 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis in one or more tranches and/or series. With this approval, the overall issue size has been enhanced from up to Rs 400 crore to up to Rs 1,570 crore. The face value of each NCD is Rs 1 lakh.

Embassy Developments is a real estate developer of residential, commercial, and SEZ projects. The company reported a consolidated net loss of Rs 323.78 crore in Q4 FY26 as against a net profit of Rs 129.53 crore in Q4 FY25. Revenue from operations declined 61.5% year on year to Rs 342.46 crore in Q4 FY26.

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Embassy Developments will hold a meeting of the Board of Directors of the Company on 6 July 2026.

The proposed project, to be undertaken under the Invest UP framework, envisages the development of approximately 2.5 million to 3 million square feet of commercial real estate in the state capital. The company clarified that the MoU is non-binding and forms part of Uttar Pradesh's investment promotion initiative.

Jitendra Virwani, Chairman, Embassy Group, said, ?Uttar Pradesh is at an important inflection point. With its scale, infrastructure momentum, improving business environment and focused policy push to attract enterprise and GCCs, the state is emerging as one of India?s most compelling growth frontiers. Lucknow, in particular, has the potential to develop into a strong commercial hub for the next phase of India?s office-led growth. At Embassy, we have always believed that high-quality commercial real estate is a catalyst for economic development, investment attraction and large-scale job creation. Through this proposed development, we aim to bring our experience in building institutional-grade business ecosystems to Uttar Pradesh and support the state?s vision of creating world-class infrastructure for businesses, talent and communities.?

Embassy Developments is a real estate developer of residential, commercial, and SEZ projects. The company reported a consolidated net loss of Rs 327.79 crore in Q4 FY26 as against a net profit of Rs 155.55 crore in Q4 FY25. Revenue from operations declined 61.5% year on year to Rs 342.46 crore in Q4 FY26.

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The contract covers the complete civil and structural works package for the development, which marks the company's strategic entry into Mumbai's premium residential real estate market.

Located on Dr. Elijah Moses Road in Worli, Embassy Citadel spans around 1.6 million sq. ft. and has an estimated gross development value (GDV) of approximately Rs 8,800 crore.

The project will comprise 316 luxury residences across three-, four- and five-bedroom configurations, in addition to two exclusive triplex mansion homes.

Embassy Developments said the single-tower project will rise to nearly 300 metres and is being positioned as a vertically integrated luxury residential ecosystem focused on wellness, hospitality-inspired living and multi-generational community spaces.

The development will also feature nearly 1 lakh sq. ft. of lifestyle amenities spread across seven dedicated floors, along with a Sky Lounge on the 79th floor.

The award of the construction contract marks a key milestone in the execution of one of the company's largest luxury residential developments and underscores its expansion strategy in India's high-value housing markets.

ACS Group and HOCHTIEF Chief Executive Officer and CIMIC Group Executive Chairman Juan Santamar?a, said, ?This award demonstrates the Group?s established capability in delivering high-rise residential developments, including in India where Leighton Asia has successfully delivered a range of large-scale residential projects. Our experience in complex urban environments, combined with our commitment to safety, quality and reliable delivery, position us as a trusted partner in the premium residential sector.?

Parag Saraiya, Chief Operating Officer ? North & West, Embassy Developments, added, ?Embassy Citadel has been conceived as a new benchmark for luxury living in Mumbai, with an equally strong emphasis on engineering, precision, safety, and construction quality. Leighton Asia brings deep global expertise in delivering complex high-rise developments and a proven reputation for operational excellence. Their capabilities and experience make them a natural partner for a project of this scale, ambition, and technical sophistication.?

Embassy Developments is a real estate developer of residential, commercial, and SEZ projects.

The company reported consolidated net loss of Rs 327.79 crore in Q4 FY26 as against net profit of Rs 155.55 crore in Q4 FY25. Revenue from operations declined 61.5% year on year to Rs 342.46 crore in Q4 FY26.

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