MAC Hotels allots shares, warrants to raise funds

mac hotels has announced the allotment of equity shares and fully convertible warrants following its board meeting on May 14, 2026. The company approved the issuance of 7,25,133 equity shares with a face value of ₹10 each at an issue price of ₹45 each, inclusive of a premium of ₹35 per share. Additionally, the board allotted 45,91,903 fully convertible equity warrants at the same issue price of ₹45 per warrant.

The preferential issue was undertaken to raise funds, with the company receiving an aggregate amount of ₹5,16,58,908.75 at the rate of ₹11.25 per warrant. This amount represents 25% of the issue price, paid as the warrant subscription price at the time of allotment. The balance consideration of ₹33.75 per warrant, constituting the remaining 75%, will be payable by the warrant holders at the time of conversion into equity shares.

Consequent to the allotment of equity shares, the issued, subscribed, and paid-up equity share capital of the company has increased to ₹6,35,64,210. This capital is divided into 63,56,421 equity shares, each with a face value of ₹10. The newly allotted equity shares will rank pari passu with the existing equity shares in all respects and are proposed to be listed on BSE Limited, subject to the receipt of requisite approvals.

Details of the Issue

The issuance includes both equity shares and warrants, which are convertible into one fully paid-up equity share each. The conversion will occur in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The warrants have a maximum tenure of 18 months from the date of allotment for conversion into equity shares.

Particulars Details Type of Security Equity Shares and Convertible Warrants Total Equity Shares Allotted 7,25,133 Total Warrants Allotted 45,91,903 Face Value ₹10 per share/warrant Issue Price ₹45 per share/warrant Premium ₹35 per share Warrant Subscription Price (25%) ₹11.25 per warrant Warrant Exercise Price (75%) ₹33.75 per warrant

The allotment was made to 45 investors, including both promoters and non-promoters. The company clarified that the category of allottees for warrant serial numbers 24 to 45 should be read as non-promoters instead of the promoter group, correcting an inadvertent error in the initial filing. The preferential allotment was executed in compliance with the provisions of the Companies Act, 2013, and the SEBI (ICDR) Regulations, 2018.

MAC Hotels Limited has officially declared to BSE Limited that it does not fall under the category of 'Large Corporates' as per the framework established by the Securities and Exchange Board of India (SEBI). The declaration was made on April 9, 2026, through a formal communication to the stock exchange.

Regulatory Framework Reference

The company's declaration specifically references two key SEBI circulars that establish the Large Corporate Framework. The primary circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, and the subsequent circular SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, outline the regulations for fund raising by large entities through debt securities issuance.

Parameter: Details Communication Date: April 9, 2026 Regulatory Reference: SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 Additional Reference: SEBI Circular SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 Signatory: Edwin E R Cotta, Whole-time Director DIN: 02691199

Compliance Implications

By declaring its non-applicability under the Large Corporate Framework, MAC Hotels Limited has clarified that it is not obligated to file disclosures as mandated by the said circulars. The Large Corporate Framework typically requires enhanced disclosure and compliance measures for entities that meet specific criteria related to their size and debt raising activities.

Corporate Communication

The declaration was digitally signed by Edwin Eustaquio Do Rosario Cotta, serving as the Whole-time Director of the company. The communication was addressed to the Listing Compliance department of BSE Limited, requesting the exchange to take the declaration on record. This formal communication ensures regulatory clarity regarding the company's compliance obligations under current SEBI regulations.

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