Mac Charles India Ltd

🔒 Major Shareholder Encumbers 51% Stake in Mac Charles India

- Embassy Property Developments (promoter) encumbered 6,681,537 shares (51% of total) in Mac Charles (India) Ltd.

- Encumbrance created on 08.12.2025 via debenture trust deed with Catalyst Trusteeship.

- Covenant requires maintaining ≥51% ownership/control by Embassy & Jitendra Virwani.

- Breach triggers debenture repayment.