Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI LODR Regulations ) - Temporary Surveillance Action by Stock Exchanges, on account of an upward price variation exceeding 25% over five trading sessions
EMBDL · price
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Embassy Developments Limited's shares have been moved from IBC Stage 0 to IBC Stage 1 under the Additional Surveillance Measure (ASM) Framework, effective April 10, 2026. This action follows a price rise of over 30% in the last six trading sessions. As a result, shares will now trade only once a week on the first trading day of the week. The company clarifies this is a temporary surveillance measure and does not affect its operations or fundamentals. Background: The NCLT had admitted an insolvency petition against the company in December 2025 related to a guarantee obligation for Sinnar Thermal Power Limited, but NCLAT granted a stay on this order. The company reiterates it is not under CIRP, remains financially sound, and highlighted strong Q4 FY26 performance with record pre-sales of ₹2,632 crore.
Weekly trading restriction is a temporary market safeguard triggered by sharp price movement, not a reflection of company health. The NCLAT stay means the company is not undergoing insolvency proceedings, though the underlying legal matter remains pending with the next hearing on April 17, 2026.