Mac Charles India Ltd

🔍 Key Update: Mac Charles India’s Ownership & Debt Covenant Details

- Embassy Property Developments (promoter) disclosed an encumbrance under SEBI regulations.

- Mac Charles Hub Projects (subsidiary) signed a debenture trust deed on 8 Dec 2025 with Catalyst Trusteeship.

- Key condition: Embassy Property & Jitendra Virwani must hold ≥51% of Mac Charles India to prevent debt repayment.

- Disclosure classified as an 'encumbrance' per SEBI rules.

- Reporting date: 12 December 2025.