Announced Sat, 1 Aug · 11:01 IST
Mac Charles promoter pledges 51 percent of shares to back related party NCDs
MCCHRLS-B · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.4%1-day move
₹690.00
prior close
₹690.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-1.4-2.2-1.9-1.4-2.2-1.5————
Up moveDown movePending
AI summary
Promoter Embassy Property Developments has created a pledge on 66,81,537 shares of Mac Charles, equal to 51 percent of total share capital and about 69.5 percent of its own promoter holding. The pledge, dated 29 July 2026, is in favour of Catalyst Trusteeship to secure non-convertible debentures worth about 270 crores issued by related party Calatheas Developments. Proceeds will fund an inter-corporate loan and general corporate purposes.
Likely market impact
Large pledge of majority promoter stake signals leverage and possible risk to control if loan covenants are tripped.