Proceeding / Outcome of the 19th Annual General Meeting of the members of Embassy Developments Limited held on Friday, September 26, 2025 and disclosure under Regulation 30 & 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 as amended.
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Embassy Developments Limited held its 19th AGM on September 26, 2025 via video conferencing from 11:30 AM to 12:49 PM IST. All 10 resolutions on the agenda were passed with the requisite majority, including adoption of audited standalone and consolidated financial statements for FY25, re-appointment of CEO & Executive Director Sachin Shah (retiring by rotation), re-appointment of statutory auditors M/s Agarwal Prakash & Co., and re-appointment of three independent directors — Javed Tapia, Tarana Lalwani, and Shyamm Mariwala — each for a second three-year term. Other approved items included the appointment of GDR & Partners LLP as new secretarial auditors, ratification of cost auditor remuneration, and two related party transactions (development management/marketing arrangements and modification of an existing future asset agreement with Embassy Property Developments Pvt Ltd). Combined voting results were based on roughly 73% turnout of total equity shares, with all resolutions securing over 99% support in favour; the two RPTs saw lower turnout (around 30%) because the promoter group abstained as an interested party.
This is a routine procedural outcome — all standard AGM items including director re-appointments and both related party transactions were approved with overwhelming support, suggesting steady shareholder backing of management and board. No material negative signal for the stock, though minority dissent on the EPDPL-related modification (about 0.77% against) is worth noting for governance-watchers.