Announcement under Reg 30 for outcome of Board Meeting.
MCCHRLS-B · price
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Awaiting price reaction for this filing.
The Board of Directors of Mac Charles (India) Ltd, at its meeting on November 4, 2025, approved availing a term loan facility of Rs 1,080 Crores from State Bank of India. Separately, the Board also approved providing a corporate guarantee and creation of security for Listed Non-Convertible Debentures (NCDs) worth Rs 540 Crores to be issued by Mac Charles Hub Projects Private Limited, the company's wholly-owned subsidiary. The combined exposure indicates sizeable debt being raised at the parent level, with an additional contingent obligation backing the subsidiary's market borrowing. The filing was signed by the Company Secretary post the meeting, which ran from 3:00 PM to 4:15 PM.
Shareholders should note a sharp increase in debt and guarantee liabilities (over Rs 1,600 Cr in total), which raises the company's financial risk profile; clarity on the end-use of these funds and the subsidiary's project pipeline will be key for investors.