Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI LODR Regulations ) - Update on proceedings before the Hon'ble National Company Law Appellate Tribunal, New Delhi
EMBDL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Embassy Developments Limited (EDL) updated on two matters. First, regarding the insolvency petition admitted by NCLT in December 2025 (where EDL was named as an alleged guarantor for a ~₹370 crore loan to Sinnar Thermal Power), the NCLAT stay on the NCLT order continues to be in force, and the company is NOT under Corporate Insolvency Resolution Process (CIRP). At the latest NCLAT hearing, the respondent sought an adjournment, which was granted; the next hearing is April 17, 2026, with no further adjournments to be allowed. Second, EDL's stock has been moved from IBC Stage 0 to IBC Stage 1 under the Additional Surveillance Measure (ASM) framework, meaning shares will now trade only once a week, triggered by a price rise of over 25% in five trading sessions. The company cited strong business performance as the reason for the price surge, reporting record Q4 FY26 pre-sales of ~₹2,632 crore (+89% QoQ) and full-year FY26 pre-sales of ~₹4,631 crore (+128% YoY), with collections of ~₹1,721 crore for FY26.
Shareholders should note that while the NCLAT stay protects the company from insolvency proceedings for now, the stock faces short-term trading restrictions (weekly trades only) under the ASM framework, which may reduce liquidity. The underlying legal case remains unresolved until the April 17, 2026 hearing. However, the company's strong operational results provide a positive fundamental backdrop.