Mac Charles (India) News

Mac Charles India Files Revised SEBI Takeover Disclosures

Mac Charles India Limited files revised disclosures under SEBI Takeover Regulations 31(1) and 31(2) on December 30, 2025, confirming Embassy Property's 73.41% holding and 51% encumbrance details.

MacCharles India Approves Postal Ballot for INR 540 Crore Debenture Issuance and Corporate Guarantee

MacCharles India's Board approved a postal ballot seeking shareholder approval for a corporate guarantee by Embassy Property Developments for INR 540 crore non-convertible debentures to be issued by MacCharles Hub Projects Private Limited. The approval also covers material related party transaction undertakings and the appointment of Mr. Umesh Maskeri as scrutinizer for the postal ballot process.

MacCharles India Reports Loss of ₹15.54 Million in Q2 FY26, Maintains Strong Security Cover for NCDs

MacCharles India Limited posted a standalone loss of ₹15.54 million for the quarter ended September 30, 2025, compared to a loss of ₹134.76 million in the same period last year. The company maintains a robust security cover ratio of 7.90 times for its outstanding non-convertible debentures worth ₹824.95 million and completed handover of additional floors in its Embassy Zenith building to lessees.

MacCharles India Approves INR 540 Crore Corporate Guarantee for Subsidiary's Debenture Issue

MacCharles (India) Limited's Board of Directors approved issuing a corporate guarantee worth INR 540 crores for Listed Non-Convertible Debentures to be issued by its wholly-owned subsidiary MacCharles Hub Projects Private Limited. The guarantee is provided to entities managed by TOR Investment Management (HK) LTD with a tenure of 60 months. The company states this creates a contingent liability and is provided on an arm's length basis for its subsidiary, with no current impact on the parent company.