Embassy Developments Secures Favourable Karnataka High Court Order; KIADB Resumption OrderSet Aside

Embassy East Business Park Limited Retains Lawful Possession of Approximately 78 Acres of Kadugodi Industrial Area Land

Bengaluru: Embassy Developments Limited announced that the High Court of Karnataka has set aside the Karnataka Industrial Areas Development Board’s (KIADB) earlier order directing the resumption of approximately 78 acres of land at Kadugodi Industrial Area, Bengaluru, held by Embassy East Business Park Limited (EEBPL), a wholly owned subsidiary of the Company.

Pursuant to this order, the KIADB resumption proceedings have been set aside and EEBPL continues to remain in possession of the land parcel. The Kadugodi land remains strategically important to the company’s long-term development plans in the East Bengaluru development corridor and micro-market. The order enables EEBPL to continue progressing the development of its business park.

This judgement represents another significant favourable legal outcome for the Company within a period of two weeks, following the order dated May 4, 2026 by the National Company Law Appellate Tribunal (NCLAT) quashing insolvency proceedings against Embassy Developments.

Aditya Virwani, Managing Director, Embassy Developments Limited, said, “The Karnataka High Court’s order is an important affirmation of EEBPL’s lawful rights over land that has long been central to our East Bengaluru development plans. This is an important victory for the Company and we are pleased that, with this order, we can continue to develop the land. During this challenging time, we remained steadfast in our commitment to transparency, governance and compliance.”

The formal signed copy of the Karnataka High Court order is awaited. The Company has made the relevant disclosures in line with applicable regulatory requirements and its continued commitment to timely and transparent communication with stakeholders.