ALFA Filings
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Embassy Developments Ltd struck off its non-operational wholly owned subsidiary DPDL. This simplifies the corporate structure and reduces compliance costs.
Embassy Developments Limited announced the voluntary strike-off and dissolution of two non-operational step-down subsidiaries, Varali Real Estate Limited and Devona Infrastructure Limited. The move aims to simplify corporate structure and reduce compliance costs. Both entities had nil financial contribution during the last fiscal year, resulting in no material financial impact on the company.
Embassy Developments Limited completed the sale of its 100% stake in subsidiary Sepset Real Estate Limited to Pen India Private Limited on April 16, 2026. Consequently, Sepset has ceased to be a subsidiary of the company. This divestment follows the Share Purchase Agreement executed on April 12, 2026.
Embassy Developments Limited has agreed to sell its subsidiary, Sepset Real Estate Limited, to Pen India Limited for ₹100 Crore. The transaction is expected to conclude by June 10, 2026. The buyer is not a related party, and the sale was conducted at arm's length.
Embassy Developments Limited entered an agreement to sell its 100% stake in subsidiary Sepset Real Estate Limited to Pen India Limited for ₹100.00 Crore. Sepset owns the 'Mega Mall' project in Jodhpur. The transaction aims to unlock value and strengthen the company's balance sheet, with completion expected within 60 days.