The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on March ....
EMBDL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Embassy Property Developments Private Limited (EPDPL) and JV Holding Private Limited (JVHPL), the promoter and promoter group of Embassy Developments Limited, disclosed encumbrances on their shares. On March 27, 2026, EPDPL pledged an additional ~3.35 crore shares and JVHPL pledged an additional ~1.82 crore shares, both securing debentures. Total encumbered shares now stand at 18.01 crore (12.95% of total share capital), with 68.24% of promoter shareholding pledged. The debentures total ₹1,071.91 crore against pledged shares valued at ₹608.98 crore (ratio 2.14x). Proceeds are for working capital and general corporate purposes.
Promoters have encumbered 68.24% of their own holding, exceeding the 50% threshold, which signals elevated leverage and potential risk to promoter control. The 12.95% total share capital encumbrance is also significant and may concern investors.