Mac Charles (India) Ltd. — Capital/Financing Update 2020

Nov 12, 2020

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To November 11, 2020 The General Manager- Listing BSE Limited 24[th] Floor, P J Towers, Dalal Street, Fort Mumbai-400001

Dear Sir/Madam,

Sub: Outcome of Board Meeting held on November 11, 2020 pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 w.r.t. providing loan to its wholly owned subsidiaries: Related Party Transactions

Ref: Scrip Code 507836

This is to inform you, pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“ LODR “) , that the Board of Directors of the Company at its meeting held on November 11, 2020 has decided provide a Loan of Rs. 30 Crores each to its wholly owned subsidiary companies i.e. M/s. Blue Lagoon Real Estates Pvt. Ltd. and M/s. Neptune Real Estates Pvt. Ltd. in one or more tranches in a period of One Year.

In this context, we would like to further inform you that approval of the shareholders is not required to be obtained for these related party transactions in terms of Regulation 23 (5) (b) of SEBI LODR and Section 185 (3)(c) of Companies Act, 2013.

We request you to take the same on record.

Thanking you,

For Mac Charles (India) Limited

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Chandana Naidu Khare Company Secretary and Compliance Officer

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