Mac Hotels Ltd — Important, 20-02-2026: Company Update

The company's Board approved increasing its Authorized Share Capital from 9 Cr to 18 Cr. They plan to raise funds through a preferential issue of 48.01 lakh equity shares for 21.60 Cr and 73.69 lakh convertible warrants for 33.16 Cr, with 8.29 Cr upfront for warrants. These actions, along with a provisional approval to acquire about 25% of chemical company Herald Technocraft Private Limited, and a main business objective change to diversify into chemicals, require shareholder approval. A correction was also made to the preferential allottee list, changing 'Asha Lath' to 'Ujin Pharma Limited'.