Mac Charles India Ltd

Mac Charles India Seeks Shareholder Approval for Key Corporate Guarantee 🏦📊

- Postal Ballot underway for shareholder approval on a special business matter.

- Remote e-voting period: Dec 15, 2025 (9:00 AM) to Jan 13, 2026 (5:00 PM).

- Resolution seeks approval for a corporate guarantee by Embassy Property Developments (EPDPL) for ₹540 crore debentures issued by Mac Charles Hub Projects (wholly owned subsidiary).

- EPDPL holds 73.41% of Mac Charles (India)’s paid-up share capital.

- Independent directors & Audit Committee have approved the transaction, deeming it in the company’s interest.

- Transaction value equals 5,493% of the company’s consolidated turnover from the last financial year.

- E-voting available via CDSL’s platform; results to be announced by Jan 15, 2026.

- Full explanatory statement provided for transparency.