Mac Charles India Ltd

Mac Charles India Approves Key Corporate Guarantee with Overwhelming Shareholder Support 📊✅

- Postal ballot concluded on January 13, 2026, approving a material related party transaction.

- Corporate guarantee by Embassy Property Developments for 54,000 non-convertible debentures worth ₹540 crores (face value: ₹1,00,000 each).

- Debentures are senior, secured, redeemable, listed, and rated.

- Resolution passed with 99.9349% votes in favor (876,901 votes) and 0.0651% against (571 votes).

- Remote e-voting via CDSL (EVSN 251212001) from December 15, 2025, to January 13, 2026.

- Notifications sent via email and published in Financial Express and Hosa Digantha newspapers.