EMBASSY DEVELOPMENTS : CEO SACHIN SHAH TO STEP DOWN, ADITYA VIRWANI REDESIGNATED MD & CEO

• Sachin Shah resigns as CEO & Executive Director effective close of business on December 31, 2026 • Managing Director Aditya Virwani redesignated Managing Director & CEO from January 1, 2027, for remainder of term up to February 24, 2030 • Shah to remain associated with the company and Embassy Group as Senior Advisor to the Chairman and MD & CEO from January 1, 2027 • Board cites continuity and stability of leadership and a seamless transition • Company entered FY 2026-27 with a robust pipeline of 11 projects across Bengaluru, Mumbai and its initial National Capital Region pilot • Outgoing CEO's letter states the company is on track to achieve ₹8,000 Cr in pre-sales this year Impact: Neutral (planned succession with sitting MD elevated to MD & CEO; CEO exit offset by stated leadership continuity and project pipeline)

Embassy Developments Ltd

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