Outcome of the Board Meeting held on 08th May 2026.
MCCHRLS-B · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mac Charles India Ltd held its Board Meeting on May 8th, 2026 and approved multiple items including audited financial results for FY 2025-26. Standalone results show revenue of Rs 1,103.04 million with loss before tax of Rs 457.30 million (improved from Rs 590.75 million loss last year). Consolidated results show revenue of Rs 1,103.03 million with a significantly higher loss before tax of Rs 1,162.57 million (vs Rs 1,057.77 million last year). The company noted non-payment of dividend for the year. The board approved redemption of Non-Convertible Debentures worth Rs 50 crore and related party transactions with Vikas Telecom Private Limited. The AGM will be held on August 13th, 2026. M/s Ernst & Young LLP was appointed as Internal Auditor for FY 2026-27. The demerger scheme for the real estate business is pending final NCLT approval.
The company continues to report losses on consolidated basis with negative equity reserves of Rs 236 million, indicating significant financial stress. High debt levels (debt-equity ratio of 3.22) and non-payment of dividend are concerning for shareholders. Redemption of NCDs and ongoing demerger proceedings suggest restructuring efforts are underway.