Embassy Developments Limited — Others, 25-01-2025: Appointment

Equinox India Developments Limited has approved the allotment of 60.91 crore equity shares to shareholders of NAM Estates following the NCLAT-sanctioned amalgamation. Each shareholder of NAM Estates received 6,619 shares for every 10,000 shares held, effective January 24, 2025. Additionally, Mr. Jitendra Mohandas Virwani has been appointed as a Non-Executive Non-Independent Director, bringing extensive real estate experience to the board. This development could enhance investor confidence, given the strategic merger and leadership infusion, potentially positioning the company for growth within the real estate sector.