Slide 1: Submission of presentation placed before the Board
a EMBASSY DEVELOPMENTS LIMITED (Formerly known as Equinox India Developments Limited, and earlier Indiabulls Real Estate Limited) CIN: L45101HR2006PLC095409 February 25, 2025 Scrip Code – 532832 EMBDL/EQ BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, “Exchange Plaza”
Slide 2: Embassy Developments Limited Discussion Materials
Embassy Developments Limited aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa Discussion Materials February 25, 2025
Slide 3: Key Highlights
Key Highlights Embassy Developments Ltd (“EDL”), announced certain corporate actions with respect to its business reorganization/merger integration and asset acquisitions worth ~₹559 Cr in North Bengaluru from the Promoter Group The Board of Directors, discussed, considered and approved the followin
Slide 4: The Merged Company – Embassy Developments Ltd
the “Merged Company” – Embassy Developments Ltd
Slide 5: Snapshot & Recent Actions
Snapshot & Recent Actions Merger Consummated New Promoter Re-Branding Board & Management • NCLAT approved order 7 Jan’25 • Mr. Jitendra Virwani & family • Name changed to Embassy • Re-constituted Board, KMP & SMP • INC 28 filed 24 Jan’25 (merger along with Embassy Group Developments Limited effectiv
Slide 6: Combined Company Snapshot
Combined Company Snapshot Quick Facts Geographical Footprint Area (msf) 8 Cities 32 45.0 msf Presence Projects Portfolio (Saleable + Leasable) NCR 0.6 Jodhpur 0.3 33.2 msf 11.8 msf 3,327 Acres Residential Commercial(1) Land Bank Vadodara 0.1 2.1 Indore (Saleable area) (Retail + Office) (excl. projec
Slide 7: FY2026 Upcoming Launches
FY2026 Upcoming Launches Saleable Area GDV(1) Location Micro-market Projects Product Target Launch (msf) (₹ Cr) Bengaluru North Bengaluru Embassy Eden Luxury Villas Apr – Jun’25 0.7 1,485 Mumbai Alibag Embassy Village Low-rise, Premium Apr – Jun’25 0.2 400 Bengaluru North Bengaluru Embassy Springs -
Slide 8: Asset Acquisitions
Asset Acquisitions
Slide 9: Assets Proposed to be Acquired
Assets Proposed to be Acquired Asset 1: Deal Value: ~₹455 Cr Asset 2: Deal Value: ~₹104 Cr Equity Ownership: 100% Asset Ownership: 100% Squadron Developers Private Limited Land Parcel 9.5 Acres (next to Embassy Springs) Key Stats: Key Stats: • Location: Yelahanka, North Bengaluru • Location: North B
Slide 10: Attractive Acquisition Basis
Attractive Acquisition Basis Asset acquisitions basis enterprise & project valuation from two independent valuers, at an attractive ~10% discount to average of two independent valuations Asset 1: Squadron Developers Private Limited Asset 2: Land Parcel 9.5 Acres (₹ Cr) (₹ Cr) Discount to Average of
Slide 11: Acquisition Process and Timelines
Acquisition Process and Timelines Governance framework in line with Indian regulators & leading global practices Event Timeline Activities • Approval by Audit Committee and Board, subject to Shareholders’ consent • Asset valuations done by two independent valuers and assets to be purchased at ~10% d
Slide 12: Strategic Location | North Bengaluru
Strategic Location | North Bengaluru North Bengaluru has established itself as a formidable force in the real estate market, owing to its well-developed infra & impressive growth potential. The region has become a sought-after destination for developers looking to capitalize on the city’s upward tra
Slide 13: Grade A Developments Around the Project
North Bengaluru | Grade A Developments Grade A Developments Around the Project 12
Slide 14: Asset 1: Squadron Developers
Asset 1: Squadron Developers
Slide 15: Site Analysis | Views & Vistas
Site Analysis | Views & Vistas The site is located within the larger Embassy Hub residential and commercial development; This site has excellent lake views making it ideal for high-end residential 14
Slide 16: Plot A | Proposed Master Layout
Plot A | Proposed Master Layout 15
Slide 17: Asset 2: Land Parcel 9.5-Acres
Asset 2: Land Parcel 9.5-Acres
Slide 18: Site Layout
Site Layout The 9.5-acres residential plot with 0.2 msf development potential is a strategic add-on acquisition that shares a boundary wall with our flagship project Embassy Springs, a ~288-acres township project 17
Slide 19: Notes & Glossary
Notes & Glossary Notes: ► All figures in this presentation are as of December 31, 2024 unless otherwise stated ► Figures has been rounded off to nearest single decimal / integer for ease of presentation ► Area (msf) represents unsold residential saleable area including commercial area sold on strata
Slide 20: Thank You! / Disclaimer
Disclaimer This presentation (“Presentation”) does not constitute a prospectus, offering memorandum or an offer, or a solicitation of any offer, to purchase or sell any securities. This presentation should not be considered as a recommendation that any investor should subscribe for or purchase any s