Mac Charles India Ltd

Mac Charles India Seeks Shareholder Approval for ₹540 Crore Corporate Guarantee 🏦

- Postal ballot opens Dec 15, 2025 (9 AM) & closes Jan 13, 2026 (5 PM).

- Resolution seeks approval for a corporate guarantee by Embassy Property Developments for ₹540 crore debentures issued by Mac Charles Hub Projects.

- Debentures are senior, secured, redeemable, listed, and rated non-convertible (face value: ₹1,00,000 each).

- Transaction classified as a material related party transaction under SEBI rules.

- E-voting available via CDSL’s platform; scrutinizer appointed for the process.

- Results announced by Jan 15, 2026, and published on company website & BSE.

- Board and independent directors recommend approval, citing company interest.