Embassy Developments Approves ₹362.62 Crore Promoter Warrant Issue

Q1FY27 consolidated revenue fell to ₹216.8 crore and loss widened to ₹234.4 crore from ₹165.6 crore YoY. The promoter group will subscribe to ₹362.6 crore of warrants at ₹111.51 each, convertible within six months, with proceeds intended for shareholder-debt repayment and corporate purposes. Context: begins addressing the shareholder-debt overhang.