Embassy Developments Ltd. Corporate Filings & Announcements

Latest corporate announcements and filings from Embassy Developments Ltd. on BSE

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Embassy Developments Ltd.

03 Jun 2020

105.76

1.77%

Company Update

INDIABULLS REAL ESTATE LTD. - 532832 - Update On Proposal Of The Merger Of Certain Ongoing, …

BSE India

In continuation to the exchange communications dated January 31, 2020 and March 3, 2020, regarding proposal of the merger of certain ongoing, completed and planned residential and commercial projects of Embassy Property Developments Private Limited ('Embassy') with Indiabulls Real Estate Limited ('IBREL') ('Merger'), we wish to inform that lockdown restrictions imposed due to global spread of Corona Virus (COVID-19) had impacted the progress of the Merger process. With the lockdown relaxations from June 3, 2020, best effort endeavors are now being made by Embassy and IBREL to execute transaction documents on or before July 15, 2020 and a scheme of amalgamation, in accordance with Section 230-234 of the Companies Act, 2013 read with the rules framed thereunder, as amended, and the SEBI circular no. CFD/DIL3/CIR/2017/21 dated 10 March 2017, as amended, for the proposed Merger will accordingly be placed before the Board of Directors of the Company for its approval.

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Embassy Developments Ltd.

01 Jun 2020

105.76

1.77%

Company Update

INDIABULLS REAL ESTATE LTD. - 532832 - Announcement under Regulation 30 (LODR)-Credit Rating

BSE India

This is to inform you that the rating committee of the rating agency Infomerics Valuation and Rating Pvt. Ltd. ('Infomerics') has upgraded the long-term rating of Indiabulls Real Estate Limited from 'IVR A+' to 'IVR AA-/Stable Outlook' (IVR Double A Minus with Stable Outlook).

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Embassy Developments Ltd.

18 May 2020, 11:10PM

105.76

1.77%

Company Update

INDIABULLS REAL ESTATE LTD. - 532832 - Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s

BSE India

Please be informed that, in line with the disclosures in the earnings update dated May 14, 2020, and our steps to reduce annual operating costs from Rs 200 crore to Rs 100 crore, the Board of Directors of Indiabulls Real Estate Limited ('the Company') has appointed M/s Agarwal Prakash & Co, Chartered Accountants (FRN: 005975N), as statutory auditors of the Company, who are already existing statutory auditors of more than 90% subsidiaries of the Company, in place of M/s Walker Chandiok & Co LLP, Chartered Accountants (FRN: 001076N/N500013). This will reduce total audit fee and related expenses substantially by more than 50%. The senior management of the Company has already taken voluntary salary cuts of over 50% to lead the efforts on expense control. For details, pls refer the attachment.

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Embassy Developments Ltd.

15 May 2020

105.76

1.77%

Company Update

INDIABULLS REAL ESTATE LTD. - 532832 - Shareholding for the Period Ended March 31, 2020

BSE India

Indiabulls Real Estate Ltd has submitted to BSE the Shareholding Pattern for the Period Ended March 31, 2020. For more details, kindly Click here

Embassy Developments Ltd.

14 May 2020

105.76

1.77%

Company Update

INDIABULLS REAL ESTATE LTD. - 532832 - Earnings Update For The Financial Year Ended March 31, …

BSE India

Please find enclosed herewith an Earnings Update of Indiabulls Real Estate Limited for the financial year ended March 31, 2020, for your information and record.

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Embassy Developments Ltd.

14 May 2020

105.76

1.77%

Result

INDIABULLS REAL ESTATE LTD. - 532832 - Submission Of Audited Financial Results (Standalone And Consolidated) Of …

BSE India

Pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Regulations'), we enclose hereto, for your information and record, the audited standalone and consolidated financial results of Indiabulls Real Estate Limited ('the Company') for the quarter and financial year ended March 31, 2020, duly approved by the Board of Directors of the Company at its meeting held today, May 14, 2020, along with requisite information pursuant to Regulation 52(4) and a declaration pursuant to Regulation 33(3)(d) of the aforesaid Regulations. We also submit herewith Audit Reports dated May 14, 2020, issued by the Statutory Auditors of the Company, on the said standalone and consolidated financial results respectively of the Company, which were duly placed before the Board at the aforesaid meeting, which commenced at 05:00 p.m. and concluded at 07:20 p.m.

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Embassy Developments Ltd.

14 May 2020

105.76

1.77%

Company Update

INDIABULLS REAL ESTATE LTD. - 532832 - Announcement under Regulation 30 (LODR)-Credit Rating

BSE India

This is to inform you that the rating committee of the rating agency Infomerics Valuation and Rating Pvt. Ltd.('Infomerics') has revised the long-term rating of Indiabulls Real Estate Limited to 'IVR A+'. In revising the rating, Infomerics cited challenges faced by the Indian real estate sector. Please take the information on record.

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Embassy Developments Ltd.

14 May 2020

105.76

1.77%

Annual Report

Annual report for Indiabulls Real Estate Ltd. for FY-2020

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Embassy Developments Ltd.

11 May 2020

105.76

1.77%

Board Meeting

INDIABULLS REAL ESTATE LTD. - 532832 - Board Meeting Intimation for Intimation Of Board Meeting For …

BSE India

INDIABULLS REAL ESTATE LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/05/2020 ,inter alia, to consider and approve Pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that a meeting of the Board of Directors of the Company will be held on Thursday, May 14, 2020, to consider and approve inter alia the audited financial results of the Company for the quarter and financial year ended March 31, 2020. We further wish to inform that in terms of SEBI (Prohibition of Insider Trading) Regulations, and Code of Conduct for Prevention of Insider Trading of the Company, the Trading Window for dealing in securities of the Company which had been closed earlier, shall remain closed till May 16, 2020.

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Embassy Developments Ltd.

05 May 2020

105.76

1.77%

Company Update

INDIABULLS REAL ESTATE LTD. - 532832 - Submission Of A Compliance Certificate Pursuant To Regulation 7(3) …

BSE India

Pursuant to Regulation 7(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (hereinafter 'the Regulations'), please find enclosed herewith a certificate dated May 5, 2020, duly signed on behalf of the Company and our Registrar and Share Transfer Agent, KFin Technologies Private Limited, certifying compliance with the requirements of Regulation 7(2) of the Regulations in respect of our Company for the half-year ended March 31, 2020.

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Is Indiabulls Real Estate Ltd. worth buying?

686 Votes:

Buy 81.63%

Sell 10.35%

Hold 8.02%