EMBDL : CREDIT RATING UPGRADED TO IVR A/STABLE

• Infomerics upgraded long-term bank loan facility rating to IVR A/Stable from IVR A-/Stable • Rated bank loan facilities enhanced to ₹350 Cr from ₹200 Cr • Assigned IVR A/Stable rating to non-convertible debentures aggregating ₹160 Cr • Rating action considers audited FY 2025-26 performance and quarter ended June 30, 2026 performance • Ratings expected to support access to diversified funding sources and enhance financing flexibility for next growth phase

Embassy Developments Limited

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