Corporate Action15 May 2026, 03:44 pm
Mac Hotels Revises Preferential Issue: Non-Promoter Allotment
AI Summary
Mac Hotels Ltd. announced a revision to the outcome of its board meeting held on May 14, 2026, regarding the preferential issue of convertible warrants. The company corrected an error in Annexure 1, clarifying that allottees from Sr No. 24 to 45 should be categorized as non-promoters instead of the Promoter Group. The board had previously approved the allotment of 7,25,133 equity shares at ₹45 each and 45,91,903 fully convertible equity warrants at ₹45 each, following shareholder approval on March 21, 2026, and BSE in-principle approval on April 29, 2026.
Key Highlights
- Mac Hotels corrects allottee category for convertible warrants to non-promoter.
- 7,25,133 equity shares allotted at ₹45 each, including a premium of ₹35.
- 45,91,903 fully convertible equity warrants allotted at ₹45 each.
- Issued capital increased to ₹6,35,64,210 after equity share allotment.
- Allotment follows SEBI regulations and prior shareholder, BSE approvals.
Price Impact
More from MACH