MAC Hotels Limited has officially declared to BSE Limited that it does not fall under the category of 'Large Corporates' as per the framework established by the Securities and Exchange Board of India (SEBI). The declaration was made on April 9, 2026, through a formal communication to the stock exchange.

Regulatory Framework Reference

The company's declaration specifically references two key SEBI circulars that establish the Large Corporate Framework. The primary circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, and the subsequent circular SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, outline the regulations for fund raising by large entities through debt securities issuance.

Compliance Implications

By declaring its non-applicability under the Large Corporate Framework, MAC Hotels Limited has clarified that it is not obligated to file disclosures as mandated by the said circulars. The Large Corporate Framework typically requires enhanced disclosure and compliance measures for entities that meet specific criteria related to their size and debt raising activities.

Corporate Communication

The declaration was digitally signed by Edwin Eustaquio Do Rosario Cotta, serving as the Whole-time Director of the company. The communication was addressed to the Listing Compliance department of BSE Limited, requesting the exchange to take the declaration on record. This formal communication ensures regulatory clarity regarding the company's compliance obligations under current SEBI regulations.

MAC Hotels Limited has officially communicated to BSE regarding the non-applicability of Annual Secretarial Compliance Report requirements under Regulation 24A of SEBI regulations. The declaration highlights the company's exemption status as an SME-listed entity from specific regulatory compliance requirements.

Regulatory Exemption Declaration

The company submitted its formal declaration on April 09, 2026, addressing the non-applicability of Annual Secretarial Compliance Report under Regulation 24A of SEBI (Listing Obligation and Disclosure Requirements) (Amendment) Regulation, 2018. The communication was directed to the Listing Compliance department of BSE Ltd.

SME Platform Exemptions

The declaration is based on Regulation 15(2) of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, which provides specific exemptions for entities listed on SME exchanges. Under this regulation, companies listed on SME platforms are not required to comply with various provisions including:

• Regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27
• Clauses (b) to (i) of sub-regulation (2) of regulation 46
• Para C, D and E of schedule V of SEBI LODR Regulations, 2015

Company Background

MAC Hotels Limited operates from MAC Corporate House, First Floor, Behind Hotel Miramar, Nomoxint, P.O. Caranzalem 403002 Goa. The company maintains its corporate identification number as L55101GA1990PLC001100 and is listed on the BSE SME platform.

Compliance Communication

The formal communication to BSE was digitally signed by Edwin Eustaquio Do Rosario Cotta, serving as Whole Time Director of the company. The declaration serves to inform the exchange about the company's exemption status and requests BSE to take note of the same for their records. This communication ensures transparency regarding the company's regulatory compliance obligations under current SEBI regulations for SME-listed entities.