Mac Charles India Ltd — Insider Trading, 01-01-1970: Insider Trading / SAST

Mac Charles (India) Limited's promoter and Embassy Property Developments Private Limited have encumbered 66,81,537 equity shares, representing 51.00% of the company's paid-up share capital. This action serves as security for senior, secured debentures totaling 540 Cr, issued by Mac Charles Hub Projects Private Limited. A critical term states that if the promoter group ceases to own at least 51% of Mac Charles (India) Limited or loses control, the debenture debt becomes repayable. This is a significant financial covenant tied to the company's ownership.