mac hotels has announced that its board of directors will meet on Saturday, May 30, 2026. The meeting is convened to consider and approve the standalone audited financial results of the company for the half year and year ended March 31, 2026, along with the Auditor's Report.

The board meeting will take place at the registered office of the company. In addition to the financial results, the directors will also discuss any other matter with the permission of the Chairman.

Trading Window Closure

In compliance with regulatory norms, the company has informed that the trading window for dealing in securities by designated persons and their immediate relatives is currently closed. This closure is effective from April 1, 2026, and will remain in place until 48 hours after the announcement of the audited standalone financial results for the quarter and year ended March 31, 2026.

Meeting Details

The following table summarizes the key details regarding the upcoming board meeting:

mac hotels has announced the allotment of equity shares and fully convertible warrants following its board meeting on May 14, 2026. The company approved the issuance of 7,25,133 equity shares with a face value of ₹10 each at an issue price of ₹45 each, inclusive of a premium of ₹35 per share. Additionally, the board allotted 45,91,903 fully convertible equity warrants at the same issue price of ₹45 per warrant.

The preferential issue was undertaken to raise funds, with the company receiving an aggregate amount of ₹5,16,58,908.75 at the rate of ₹11.25 per warrant. This amount represents 25% of the issue price, paid as the warrant subscription price at the time of allotment. The balance consideration of ₹33.75 per warrant, constituting the remaining 75%, will be payable by the warrant holders at the time of conversion into equity shares.

Consequent to the allotment of equity shares, the issued, subscribed, and paid-up equity share capital of the company has increased to ₹6,35,64,210. This capital is divided into 63,56,421 equity shares, each with a face value of ₹10. The newly allotted equity shares will rank pari passu with the existing equity shares in all respects and are proposed to be listed on BSE Limited, subject to the receipt of requisite approvals.

Details of the Issue

The issuance includes both equity shares and warrants, which are convertible into one fully paid-up equity share each. The conversion will occur in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The warrants have a maximum tenure of 18 months from the date of allotment for conversion into equity shares.

The allotment was made to 45 investors, including both promoters and non-promoters. The company clarified that the category of allottees for warrant serial numbers 24 to 45 should be read as non-promoters instead of the promoter group, correcting an inadvertent error in the initial filing. The preferential allotment was executed in compliance with the provisions of the Companies Act, 2013, and the SEBI (ICDR) Regulations, 2018.