Mac Hotels: No Deviation in Fund Utilization for Preferential Issue

Mac Hotels Ltd has submitted its first Monitoring Agency Report for the quarter ended June 30, 2026, prepared by Brickwork Ratings India Private Limited. The report confirms no deviation in the utilization of proceeds raised through a preferential issue of equity shares and convertible warrants, which aggregated to ₹23.92 Crore. The monitoring agency has declared that the utilization aligns with the stated objects of the issue. Brickwork Ratings has also declared no conflict of interest in its role as the monitoring agency.