The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bellanza Developers Pvt Ltd & PACs

Promoter bought stakePromoter holding below 50%Ownership Changes View source PDF Explain this filing

EMBDL · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.8%Reaction day

₹105.68

prior close

₹105.15

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.6%-1.4% vs market

Residential Commercial Projects peers, median of 57sector+0.1%-0.9% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 0.9 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.1

10m

-0.1

15m

-0.0

30m

-0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.8+0.6-1.4+0.1-0.9

Next day

-2.1+0.5-2.6+0.2-2.3

-0.6+0.8-1.5+0.0-0.7

+1.4+1.2+0.3+0.8+0.6

+5.0+1.5+3.6+0.7+4.4

+6.0+1.6+4.5+1.3+4.7

+4.1+1.8+2.3+2.3+1.8

15d

+9.2+3.3+5.9+8.6+0.6

+16.9+3.1+13.7+7.9+8.9

+2.9+2.3+0.6+3.2-0.3

-9.0+0.2-9.2+0.8-9.8

UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 57Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Bellanza Developers Private Limited, part of the promoter group of Embassy Developments Ltd, converted warrants into 4,95,97,000 equity shares (face value Rs. 2) during May 15-22, 2025. This raised Bellanza's direct holding from 4,09,52,979 shares (3.35%) to 9,05,49,979 shares (6.71%). Combined promoter and PAC holding grew from 53,00,55,556 shares to 57,96,52,556 shares, or 42.96% of the expanded paid-up capital. The total equity share capital of Embassy Developments rose from Rs. 244.51 crore (122.25 crore shares) to Rs. 269.85 crore (134.93 crore shares). This is an off-market, preferential-style allotment tied to earlier warrant instruments, not an open-market purchase.

Likely market impact

This is a promoter group event with no fresh cash inflow to the company beyond the original warrant subscription; it slightly dilutes non-promoter shareholders' percentage but signals promoter commitment and continued control below the 50% threshold.