MAC Hotels Limited Submits EGM Voting Results with All Resolutions Passed

MAC Hotels Limited has submitted the scrutinizer's consolidated report on remote e-voting and poll results to BSE Limited following its Extra Ordinary General Meeting held on March 21, 2026. The company formally communicated the voting outcomes under Regulation 44 of SEBI Listing Regulations, with all five proposed resolutions receiving unanimous approval from shareholders.

EGM Overview and Voting Process

The EGM was conducted on March 21, 2026, at 03:30 p.m. (IST) at the company's registered office in Goa, concluding at 3:50 PM. The meeting addressed five critical business resolutions through a combination of remote e-voting and ballot papers. Remote e-voting was facilitated by National Securities Depository Limited (NSDL) from March 18, 2026, at 09:00 a.m. to March 20, 2026, at 05:00 p.m., with March 14, 2026, as the cut-off date for eligible shareholders.

Scrutinizer Appointment and Report Submission

Krushang Shah & Associates, with Krushang Shah (ACS No.: 42187) serving as the appointed scrutinizer, prepared and submitted the consolidated voting report on March 23, 2026. The scrutinizer's report was digitally signed and submitted to BSE Limited under the supervision of Managing Director Edgar Maximiano Do Rosario Cotta (DIN: 00124357).

Resolution-wise Voting Results

All five resolutions were passed with 100% approval from participating shareholders:

Resolution: Type Votes in Favour Total Votes Polled Result Authorised Share Capital Increase Ordinary 758930 758930 Passed Preferential Equity Share Issue Special 49500 49500 Passed Convertible Warrants Issue Special 49500 49500 Passed MOA Amendment Special 758930 758930 Passed Related Party Transactions Special 49500 49500 Passed

Shareholder Participation Details

Out of 150 total shareholders on record date, 11 shareholders participated in the EGM, comprising 5 promoters and promoter group members and 6 public shareholders. No shareholders attended through video conferencing. The company's total shareholding stands at 5631288 shares, with promoter and promoter group holding 3445788 shares and public non-institutions holding 2185500 shares.

Regulatory Compliance and Communication

MAC Hotels Limited operates with CIN: L55101GA1990PLC001100 and BSE Scrip Code: 541973. The company maintains its corporate office at MAC Corporate House, First Floor, Behind Hotel Miramar, Nomoxim, P.O. Caranzalem 403002 Goa. The submission fulfills regulatory requirements under Section 108 of the Companies Act 2013 and SEBI Listing Obligations, ensuring transparent disclosure of voting outcomes to stakeholders and regulatory authorities.

MAC Hotels Limited has successfully concluded its separate board meeting of independent directors held on March 23, 2026, completing a key governance milestone for the Goa-based hospitality company. The meeting was conducted in compliance with regulatory requirements and concluded with comprehensive performance evaluations.

Meeting Execution and Timeline

The separate board meeting was held pursuant to Regulation 25(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 173 and Schedule IV of the Companies Act, 2013. The meeting took place at the company's registered office located at First Floor Beach Plaza (Annexee) Nomxin Caranzalem, Ilhas Goa Panaji.

Meeting Parameter: Details Date: Monday, March 23, 2026 Start Time: 03:00 P.M. End Time: 03:40 P.M. Duration: 40 minutes Venue: Registered Office, Goa Meeting Type: Independent Directors Only

Agenda Items Completed

The independent directors successfully deliberated on several critical governance matters during the 40-minute meeting. The comprehensive agenda covered key performance evaluation areas as mandated by regulatory frameworks.

Completed agenda items included:

Review of performance of non-independent directors and the board as a whole

Assessment of the chairperson's performance, incorporating feedback from executive and non-executive directors

Evaluation of quality, quantity, and timeliness of information flow between company management and the board

Regulatory Compliance and Documentation

The meeting outcome was formally communicated to BSE Limited under Regulation 30, with the notification signed by Ephrem Frederick Mendanha, Independent Director (DIN: 07787277). The company maintained full compliance with disclosure obligations and regulatory requirements.

Compliance Details: Information Regulatory Framework: SEBI Listing Regulations 2015 & Companies Act 2013 Notification Under: Regulation 30 Signatory: Ephrem Frederick Mendanha Director Identification: DIN: 07787277 Exchange Notified: BSE Limited Scrip Code: 541973

Corporate Governance Achievement

The successful completion of the separate meeting of independent directors reinforces MAC Hotels Limited's commitment to corporate governance excellence. This regulatory requirement ensures independent oversight of board performance and management effectiveness, maintaining transparency and accountability in corporate decision-making processes.

MAC Hotels Limited, incorporated in 1990 and based in Goa, continues to demonstrate adherence to evolving regulatory frameworks in the hospitality sector through structured governance practices.

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