Intimation of the outcome of the resolution passed by circulation on 09th December 2025.
MCCHRLS-B · price
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The Board of Mac Charles (India) Ltd passed a resolution by circulation on 09 December 2025 approving a Postal Ballot notice for shareholder approval. The postal ballot seeks consent for three items: (i) a corporate guarantee from Embassy Property Developments Pvt Ltd for 54,000 senior secured redeemable listed rated NCDs of INR 1,00,000 each (totalling INR 540 crores) to be issued by Mac Charles Hub Projects Pvt Ltd in multiple tranches; (ii) execution of undertakings and an Options Agreement classified as a material related party transaction under SEBI LODR Regulations 23(2) and 23(4); and (iii) appointment of Mr. Umesh Maskeri, Practicing Company Secretary, as Scrutinizer for the postal ballot process.
Shareholders will be asked to vote on a material related party transaction involving a INR 540 crore debt issuance by a related entity with a corporate guarantee structure. The outcome of the postal ballot will determine whether the guarantee and related undertakings can proceed, and shareholders should review the related party implications before voting.