11 million promoter warrants converted into shares
EMBDL · price
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On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 0.7 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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On October 23, 2026, Embassy Property Developments, part of the promoter group, converted 11,000,000 of 32,518,900 warrants into fully paid shares at INR 111.51 each. It paid the balance amount of INR 919,957,500. Paid-up equity capital rose to INR 2,803,266,866 across 1,401,633,433 shares. Promoter-group holding reached 43.13%, and 21,518,900 warrants remain unconverted.
The company gains about INR 92 crore in cash, but the new shares reduce existing holders' ownership. More warrants may add further dilution.