Promoter Embassy Property pledges 51% stake in Mac Charles for debentures

Promoter pledge above 50%Ownership Changes View source PDF Explain this filing

MCCHRLS-B · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.7%Reaction day

₹680.00

prior close

₹675.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-0.7% vs market

Hotels & Resorts peers, median of 55sector-0.8%+0.1% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 0.1 pts more than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+4.0

10m

+4.0

15m

+4.0

30m

+4.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.7-0.1-0.7-0.8+0.1

Next day

-0.0-0.2+0.2-1.0+1.0

-0.0+0.1-0.2-1.6+1.6

-0.1+0.3-0.5-1.6+1.4

+0.0+0.4-0.4-1.7+1.7

-0.0+0.5-0.5-2.1+2.1

-0.1+0.3-0.4-2.2+2.1

15d

+2.2+1.9+0.3-2.4+4.6

-0.1+2.2-2.3-3.4+3.3

+0.9-1.2+2.0-5.9+6.7

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UpDownMarket · Nifty Microcap 250Sector · Hotels & Resorts peers, median of 55Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Embassy Property Developments, promoter of Mac Charles India with 73.41% stake, has pledged 66.81 lakh shares (51% of share capital) to Catalyst Trusteeship on 29 July 2026. The pledge secures INR 270 crore of non-convertible debentures issued by related entity Calatheas Developments, with Standard Chartered Bank IFSC Gift City as lender. Pledged shares are valued at about INR 464 crore (1.72x cover). Proceeds will fund a loan to Embassy Maverick Malls for a project and general corporate use.

Likely market impact

Pledge of over half the company's shares by the promoter raises leverage concerns, though 1.72x security cover offers some cushion.