Embassy Office Parks REIT has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Embassy Office Parks REIT's board approved Q1 FY2026 (quarter ended June 30, 2025) unaudited financial results, with standalone profit of ₹2,415.28 million (up slightly from ₹2,380.71 million in Q1 FY25) and total income of ₹4,282.48 million. The board declared a distribution of ₹5,497.78 million, or ₹5.80 per unit, comprising ₹0.18 as interest, ₹2.01 as dividend, and ₹3.61 as SPV debt repayment, with a record date of August 5, 2025 and payment by August 12, 2025. The board approved a slump sale of about 376,000 sq ft of office space (two blocks) at Embassy Manyata in Bengaluru to Viridis Office Park 3 Private Limited for ₹5,300 million in cash, which contributes only 0.67% of consolidated revenue and is part of a capital recycling strategy. The board also approved raising debt of up to ₹4,000 crores, including for refinancing. Additionally, interim CEO Ritwik Bhattacharjee resigned (effective July 31, 2025, continuing as Senior Advisor) and Amit Shetty, the former COO with 20+ years of experience, was appointed CEO effective August 1, 2025.
Unitholders will receive a steady ₹5.80/unit quarterly distribution (marginally higher than ₹5.60/unit in Q1 FY25), while the ₹530 crore Manyata asset sale monetizes a small portion of the portfolio and the ₹4,000 crore debt raise provides flexibility for refinancing. The smooth CEO transition to an internal candidate signals continuity for the REIT's strategy.