Outcome of the Postal Ballot.
MCCHRLS-B · price
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Mac Charles (India) Ltd concluded a postal ballot on January 13, 2026, in which shareholders approved a material related party transaction with 99.93% votes in favour. The resolution pertains to a corporate guarantee of ₹540 crore to be given by Embassy Property Developments Private Limited (a related party) for 54,000 senior, secured, listed, redeemable non-convertible debentures of ₹1,00,000 each to be issued by Mac Charles Hub Projects Private Limited. The resolution also covers providing undertakings and execution of an Options Agreement under SEBI LODR regulations 23(2) and 23(4). Promoter and promoter group were noted as interested in this resolution and did not vote on it. Only 8,77,472 shares (about 25.54% of outstanding shares) were polled, with 102 shareholders participating out of 7,547 total shareholders.
The approval clears the way for ₹540 crore in debentures to be raised by the subsidiary with a related-party guarantee, which may affect the company's contingent liabilities and related-party exposure. Minority shareholders should note the low voter turnout and that promoters did not vote on this related-party transaction.