Mac Hotels Limited has submitted its second Monitoring Agency Report to the BSE for the quarter ended September 30, 2026. This report, prepared by Brickwork Ratings India Private Limited, details the utilization of funds raised through a preferential issue of equity shares and convertible warrants, aggregating to ₹23.92 Crore. The filing ensures compliance with SEBI regulations concerning the monitoring of issue proceeds.
Mac Hotels Submits Monitoring Agency Report
Mac Hotels Limited has officially filed its second Monitoring Agency Report with the BSE for the financial quarter ending September 30, 2026. This regulatory submission is a requirement under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Report Details and Fund Utilization
The report was prepared by Brickwork Ratings India Private Limited, the appointed Monitoring Agency. It pertains to the utilization of funds raised from the Company’s preferential issue of Equity Shares and convertible warrants, which aggregated to ₹23.92 Crore. The report scrutinizes the deployment of these funds against the objects outlined in the offer document for the period up to September 30, 2026.
Key Findings from the Report
During the quarter, the primary objects of monitoring included working capital, capital construction and renovation, land purchase, strategic investments, and general corporate purposes. The report indicates that as of September 30, 2026, a total of ₹8.44 Crore had been received from the issue size of ₹23.92 Crore. Specific utilization details show progressive spending across various objectives, with unutilized amounts remaining against each specified object. For instance, ₹2.19 Crore remains unutilized for working capital and renovation, and ₹7.15 Crore for land purchase.
The report also confirms that there have been no deviations from the objects disclosed in the offer document and that shareholder approval for any material deviations has been obtained. The utilization of proceeds is aligned with the terms of the Monitoring Agency Agreement dated May 20, 2026.
Source: BSE
