Mac Charles (India) Limited , a prominent player in the Indian business landscape, has made a significant financial move by securing a substantial term loan facility. The company's Board of Directors has approved availing a Term Loan Facility of Rs 1,080 crores from the State Bank of India, marking a noteworthy development in its financial strategy.

Loan Details and Security

The term loan facility, sanctioned on October 14, 2025, comes with specific security arrangements to safeguard the lender's interests. Here's a breakdown of the key details:

Corporate Governance and Transparency

It's important to note that this transaction is not classified as a related party transaction. The parties involved are not related to the promoter/promoter group or other company entities, ensuring transparency and adherence to corporate governance standards.

Additional Corporate Actions

In the same board meeting held on November 4, 2025, Mac Charles (India) Limited also approved providing a Corporate Guarantee for Listed Non-Convertible Debentures. These debentures are proposed to be issued by Mac Charles Hub Projects Private Limited, a wholly-owned subsidiary of the company, for an aggregate amount of INR 540 crores.

Market Implications

This substantial loan facility could potentially provide Mac Charles (India) Limited with the financial leverage to pursue growth opportunities or strengthen its existing operations. The company's ability to secure such a significant amount from a major bank like State Bank of India may be viewed as a positive indicator of its financial health and future prospects.

Investors and market watchers will likely keep a close eye on how Mac Charles (India) Limited utilizes this loan facility and its impact on the company's financial performance in the coming quarters.

As the business landscape continues to evolve, such strategic financial decisions play a crucial role in shaping a company's trajectory. Stakeholders will be keen to see how this infusion of funds translates into value creation for Mac Charles (India) Limited in the long run.

Mac Charles (India) Limited has issued a comprehensive postal ballot notice seeking shareholder approval for a corporate guarantee and options agreement related to a ₹540.00 crore debenture issuance by its wholly-owned subsidiary MacCharles Hub Projects Private Limited.

Postal Ballot Timeline and Process

The company announced the postal ballot process through its notice dated December 9, 2025, appointing Mr. Umesh P. Maskeri, Practicing Company Secretary (Certificate of Practice No. 12704), as scrutinizer for conducting the electronic voting process.

Debenture Issuance Structure

MacCharles Hub Projects Private Limited proposes to issue 54,000 senior, secured, redeemable, listed, rated non-convertible debentures with a face value of ₹1,00,000 each. Embassy Property Developments Private Limited, the holding company owning 73.41% of Mac Charles, will provide the corporate guarantee.

Material Related Party Transaction

The transaction qualifies as a material related party transaction under Regulation 23 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The value represents 54.93% of the company's annual consolidated turnover for the financial year ended March 31, 2025, significantly exceeding the 10% threshold for material transactions.

Options Agreement Components

The postal ballot covers approval for an Options Agreement including:

• Put option to be provided by the Guarantor to Catalyst Trusteeship Limited in relation to the debentures
• Call option exercisable by the Guarantor in relation to the debentures
• Terms and conditions to be agreed between the Company, Guarantor, and Catalyst Trusteeship Limited

Regulatory Compliance and E-voting

In compliance with MCA circulars and SEBI regulations, the company will conduct the postal ballot exclusively through electronic voting. Physical postal ballot forms will not be sent to shareholders, following COVID-19 related relaxations granted by the Ministry of Corporate Affairs.

Board Recommendations and Approvals

The independent directors of the Audit Committee have unanimously approved the proposed transaction. The Board considers the transaction to be in the interest of the company and recommends shareholders approve the ordinary resolution through the postal ballot process.

Except for Mr. Aditya Virwani (DIN 06480521), who has interests in Embassy Property Developments Private Limited, none of the Directors and Key Managerial Persons of the company or their relatives have any financial or other interest in the proposed resolution.