Monitoring Agency Report

MAC Corporate House, First Floor, Behind Hotel Miramar, Nomoxim, P.O. Caranzalem 403002 Goa. Tel.: 0832 2464299 Email: mac.hotels.limited@gmail.com Website : www.machotels.net CIN: L55101GA1990PLC001100 August 14, 2026 BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001 Scrip Code: 541973 Sub: Monitoring Agency Report for the quarter ended June 30, 2026 Dear Sir/ Madam, Pursuant to Regulation 32(6) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with applicable provisions of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, we are enclosing herewith the Monitoring Agency Report issued by Brickwork Ratings India Private Limited , the Monitoring Agency, for the quarter ended on June 30, 2026 in respect of the utilization of proceeds raised by the Company through the issue of Equity shares and Convertible warrants pursuant to Preferential Issue. You are requested to take the same on your record. Thanking you, Yours faithfully, For Mac Hotels Limited Edgar M R Cotta Managing Director DIN: 00124357 First Monitoring Agency Report for Mac Hotels Limited for the quarter ended June 30, 2026 No. BWR/2026-27/IPM/MHL/01 August 13, 2026 Mac Hotels Limited MAC Corporate House, First Floor, Behind Hotel Miramar, Nomoxim, P.O. Caranzalem 403002 Goa Dear Sir, First Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Preferential issue of Equity Shares and convertible warrants of Mac Hotels Limited (“the Company”) Pursuant to Regulation 162A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Monitoring Agency Engagement Letter dated May 14, 2026, Brickwork Ratings (BWR) has prepared the First Monitoring Agency Report, as per Schedule XI of the SEBI ICDR Regulations towards utilization of proceeds from the funds raised, for the quarter ended June 30, 2026. The funds raised by the Company were through Preferential issue of Equity Shares and convertible warrants aggregating to Rs. 23.92 Crore of the Company. In this connection, we are enclosing the Monitoring Agency Report for the quarter ended June 30, 2026, as per Monitoring Agency Agreement dated May 20, 2026. Request you to kindly take the same on records. Thanking you, Yours Faithfully, Mr Niraj Kumar Rathi Senior Director, Ratings - Brickwork Ratings Report of the Monitoring Agency (MA) Name of the issuer: Mac Hotels Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: Brickwork Ratings India Private Limited (a) Deviation from the objects: No (b) Range of Deviation: Not Applicable Declaration: We declare that this report is based on the format prescribed by the SEBI (ICDR) Regulations, 2018, we further declare that this report provides a true and fair view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. We declare that we do not have any direct/indirect interest in or relationship with the issuer/promoters/directors/management and confirm that we do not perceive any conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have a credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit related analyses. We confirm that there is no conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer, or while undertaking credit rating or other commercial transactions with the entity. We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors after the MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board. Signature: Name of the Authorized Signatory: Mr Niraj Kumar Rathi Designation of Authorized Person/Signing Authority: Senior Director, Ratings - Brickwork Ratings 1) Issuer Details: Name of the issuer: Mac Hotels Limited Names of the promoter: Mr. Edgar Maximiano Do Rosario Cotta and Mr. Edwin E R Cotta Industry / sector to which it belongs: Hotel 2) Issue Details: Issue period: May 01,2026 – May 14, 2026 Type of issue (public/ rights): Preferential issue Type of specified securities: Equity Shares and convertible warrants IPO Grading, if any: Not Applicable Issue size (in ₹ Crore): 23.92 Value as Total Total Total per Total Amount Price Number Amount Particulars Number of offer Received (₹) of Securities (₹ Securities Document (₹ Crore) Subscribed Crore) (₹ Crore) Equity Shares 48,00,500 45 21.61 7,25,133 3.26 3.27 Convertible Warrants 73,68,712 45 33.15 45,91,903 20.66 5.17 Total 1,21,69,212 54.76 53,17,036 23.92 8.44 Note: 1. Due to undersubscription, 7,25,133 equity shares of face value Rs. 10/- each at an issue price of Rs. 45/- each, including a premium of Rs. 35 each were subscribed and the company received Rs. 3.26 crore instead of Rs. 21.61 crore, through preferential issuance of equity shares. 2. Due to undersubscription, 45,91,903 Fully Convertible Equity Warrants at an issue price of Rs. 45/- each an amount aggregating to Rs. 5.17 crore at a rate of Rs.11.25 (being 25% of the issue price per warrant) is received. 3. An amount aggregating to Rs.15.49 crore is proposed to be received at a rate of Rs. 33.75 (being 75% of warrant conversion price) in next 18 months. 4. As of June 30, 2026, the Company received Rs. 8.44 crore out of the total issue size of Rs. 23.92 crore. 5. Each warrant is convertible into, or exchangeable for, one (1) equity share and the conversion can be carried out at any time within a period of 18 months from date of allotment of warrants, in one or more tranches, as the case maybe, and on such other terms and conditions as applicable. 3. Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / Comments Comments certifications of of Particulars Reply considered by Monitoring Board of Monitoring Agency Agency Directors for preparation of report Bank Statements, Whether all utilization is as per Invoices, the disclosures in the Offer Yes Nil Nil Company’s Letter, Document? CA Certificate. Whether shareholder approval has been obtained in case of material deviations# from Nil Nil Nil Applicable expenditures disclosed in the Offer Document? Whether the means of finance for the disclosed objects of the issue No Nil Nil Nil has changed? Is there any major deviation Monitoring observed over the earlier NA being done Nil Nil monitoring agency reports? for first time Whether all Government/statutory a [Showing first 8,000 characters — download PDF for full document]