Embassy Developments Ltd

🏢 Embassy Developments Streamlines Structure: Strikes Off Two Non-Operational Subsidiaries

- Voluntarily struck off two non-operational step-down subsidiaries: Varali Real Estate Limited (VREL) and Devona Infrastructure Limited (DIL)

- Strike-off completed on April 20, 2026 through Registrar of Companies

- Part of corporate simplification initiative to reduce administrative and compliance costs

- Both subsidiaries dissolved and no longer part of the company

- Contributed nil revenue/income and nil net worth during last financial year

- No consideration received (not a sale transaction)

- Disclosure made as precautionary measure under SEBI LODR regulations