Embassy Developments Limited — Others, 14-08-2025: Monitoring Agency Report

Embassy Developments (formerly Indiabulls Real Estate) has received a monitoring report on its ₹3,908.14 crore preferential issue. The report confirms that the funds are being utilized as per the stated objectives. As of June 30, 2025, the company has received ₹3,303.38 crore and utilized ₹3,076.09 crore. Funds were primarily used for key acquisitions like Embassy Residency, East Avenue, Eden, Blu Annex FSI rights, and growth initiatives, including the acquisition of Squadron Developers Private Limited. The update indicates transparent and aligned deployment of capital, with ₹227.29 crore unutilized and ₹604.76 crore pending from warrant conversions.