Embassy Developments Limited has informed the Exchange about General Updates

Embassy Developments has allotted 1,65,90,441 equity shares (face value INR 2 each) to Micro Labs Limited after Micro Labs exercised its right to convert equivalent warrants originally issued on May 21, 2024 under a preferential offer. The shares were issued at INR 111.51 per share, and the company received INR 138.75 crores as balance consideration (75% of the total issue price). Following this allotment, Micro Labs' stake in the company has risen from 0.10% (13.45 lakh shares) to 1.31% (1.79 crore shares). The company's total paid-up equity share capital has increased to INR 273.17 crores, divided into 136.58 crore equity shares. The newly issued shares will rank equally with existing shares.