Embassy Developments Limited — Insider Trade, 27-05-2025: Insider/ Institutional Trade

Bellanza Developers Pvt Ltd, along with its promoter group including Mr. Jitendra Mohandas Virwani, Mr. Aditya Virwani, Mr. Karan Virwani, Mr. Neel Virwani, Embassy Property Developments Pvt Ltd, OMR Investments LLP, and JV Holding Pvt Ltd, completed an allotment of 4.96 crore equity shares in Embassy Developments Ltd through conversion of warrants during May 15-22, 2025. Post allotment, Bellanza’s holding increased to 9.05 crore shares (~6.7%), and total promoter/promoter group holding stands at about 58 crore shares, representing around 43% of the paid-up capital. This sizable equity conversion signals consolidation by the promoter group, possibly indicating increased confidence and control.