Embassy Developments Limited (EMBDL) — Announcement

📢 Key Event
High Court division bench sets aside May 12 order, restores land dispute for fresh merits review

🔄 What Changed
Order set aside, matter restored for fresh consideration; no final adjudication made

💡 Investor Takeaway
Investors should note the land dispute remains unresolved with no final court decision yet.

Embassy Developments Limited disclosed that the Karnataka High Court's Division Bench overturned a May 12 vacation bench order that had set aside KIADB's March 16 resumption order for 78 acres of land in Bengaluru held by its subsidiary EEBPL. The court clarified it expressed no view on dispute merits or appellant standing, leaving all issues open for fresh consideration by the regular bench. The company confirmed the matter is restored for full merits review and it will pursue legal remedies to protect its interests, maintaining confidence in its position.

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