Shareholding7 Aug 2026, 06:00 pm
Mac Charles India: Embassy Property Encumbers 51% Stake
AI Summary
Mac Charles (India) Limited has received revised disclosures regarding encumbrance of shares by promoter Embassy Property Developments Private Limited. Embassy Property Developments has pledged 66,81,537 equity shares, representing 51% of Mac Charles' total share capital, on July 29, 2026. This encumbrance is in favor of Catalyst Trusteeship Limited, acting as debenture trustee and common security trustee, with Standard Chartered Bank-IFSC Gift City as the lender. The encumbrance is linked to non-convertible debentures issued by Calatheas Developments Private Limited and includes covenants related to maintaining a minimum shareholding.
Key Highlights
- Embassy Property Developments pledged 66,81,537 shares of Mac Charles.
- The encumbered shares represent 51% of Mac Charles' total share capital.
- Encumbrance is a pledge in favor of Catalyst Trusteeship Limited.
- The action is related to non-convertible debentures and covenants.
- Disclosure is made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Price Impact
More from MCCHRLS-B