Mac Hotels Limited

Operates a small hotel business headquartered in Caranzalem, Panaji, Goa. In FY26, total revenue reached ₹457.73 lakhs, up about 23% from ₹371.66 lakhs in FY25, while profit after tax grew roughly 21% to ₹33.41 lakhs from ₹27.52 lakhs. Employee costs absorb 18% of revenue and other operating expenses 22%, with materials at just 2.9% of revenue. The company invested heavily in fixed assets — capex of ₹525.33 lakhs in FY26 amounted to 114.8% of revenue — funded largely by a jump in long-term borrowings from ₹76.27 lakhs to ₹489.66 lakhs, while cash reserves fell from ₹559.94 lakhs to ₹46.66 lakhs. Beyond the hotel business, the board has provisionally approved acquiring ~25% of Herald Technocraft Private Limited, a chemicals company with FY25 turnover of ~₹1.13 crore, and proposes amending its main objects to add diamonds, chemicals and pharmaceuticals. Recent capital raises included a preferential allotment of 7,25,133 equity shares at ₹45 each (raising ₹3.26 crore) and 45,91,903 convertible warrants.