Bengaluru, March 22 -- Embassy Developments Ltd has informed stock exchanges that the Karnataka Industrial Areas Development Board (KIADB) has ordered the resumption of a land parcel measuring approximately 78 acres in Bengaluru, held by its subsidiary, Embassy East Business Park Ltd (EEBPL).

According to the disclosure, KIADB passed an order dated March 16, 2026, directing EEBPL to surrender possession of the land located in the Kadugodi Industrial Area within 30 days. The order was received by the subsidiary on March 17, 2026.

The land is held under a Lease-cum-Sale Agreement (LCSA) executed in June 2007, which is valid until June 2029. KIADB has initiated action under Section 34B of the Karnataka Industrial Areas Development Act, 196...