StockWatch
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Hotels & Resorts
Regulatory30 May 2026, 07:04 pm

Mac Hotels: No Deviation in IPO Proceeds, Regulation 32 Inapplicable

AI Summary

Mac Hotels Ltd confirms no deviations or variations in the use of proceeds from its Initial Public Issue (IPO) and Preferential Issue of Equity Shares, as per Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Consequently, the Statement of Deviation(s) or Variation(s) is not applicable to the company.

Key Highlights

  • Mac Hotels confirms no deviation in IPO proceeds usage.
  • Compliance with SEBI's Regulation 32 assured.
  • Statement of Deviation/Variation not applicable to Mac Hotels.