Embassy REIT Strengthens Board with Appointment of Arvind Kathpalia as Independent Director

New Delhi, November 6, 2025: Embassy Office Parks Real Estate Investment Trust (REIT), India’s first listed REIT and the largest office REIT in Asia by area, has announced the appointment of Arvind Kathpalia as an Independent Director to the Board of its Manager. With this appointment, five of the seven board members are independent directors.

Kathpalia is a highly respected senior business leader with over four decades of leadership experience across financial services, banking, and risk management. He previously served as Group Head at Kotak Mahindra Bank Limited, where he played a pivotal role in shaping the bank’s risk and governance architecture. Post his executive career at Kotak, he has been offering governance and advisory expertise to entities within the Kotak Group. Kathpalia currently serves on the Boards of Multi Commodity Exchange of India Limited and TruHome Finance Limited.

Kathpalia earlier served as a Unitholder Nominee Director on the Board of Embassy REIT’s Manager from June 4, 2024 to October 8, 2025.

Jitu Virwani, Chairman of the Board of Manager to Embassy REIT, said, “We are delighted to welcome Arvind back to the Board, now in an independent capacity. His deep experience in financial oversight, governance and risk will be invaluable as we continue to scale and diversify our business. The addition of yet another seasoned independent leader reinforces our continued commitment to transparency, accountability and stewardship, principles that define Embassy REIT’s approach to delivering sustainable long-term value to our unitholders.”