Embassy Developments Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2025

The standalone financial results of Embassy Development Limited (formerly known as Equinox India Developments Limited and earlier known as Indiabulls Real Estate Limited) ("EDL" or "Company") for the Quarter ended and Year ended March 31, 2025 have been reviewed by the Audit committee and approved by the Board of Directors ("the Board") at its meeting held on May 29, 2025. The statement for the quarter ended March 31, 2025 have been reviewed and for the year ended March 31, 2025 have been audited by Agarwal Prakash & Co the statutory auditor of the Company. The report of the statutory auditor is unqualified.

The standalone financial results are prepared in accordance with the recognition and measurement principles of Indian Accounting Standards as notified under the Companies (Indian Accounting Standards) Rules, 2015 (as amended) as specified in Section 133 of the Companies Act, 2013.


Pursuant to the effectiveness of the Scheme, the Company has allotted 609,105,999 equity shares of INR 2/- each to the existing shareholders who were holding shares of NAM on the record date. Further the existing share capital of EDL held by NAM was cancelled pursuant to the Scheme. Further as per the approved scheme the name of the Company was changed from Equinox India Developments Limited to Embassy Developments Limited.