Melar Acquisition Corp. I Warrant (MACI) SC 13G Melar Acquisition Corp. I/Cayman / Melar Acquisition Sponsor I ownership change

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Melar Acquisition Corp. I

(Name of Issuer)

Class A ordinary share, par value $0.0001 per share

(Title of Class of Securities)

G6004G100

(CUSIP Number)

12/31/2024

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

   Rule 13d-1(b)

   Rule 13d-1(c)

   Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G6004G100

1

Names of Reporting Persons

Melar Acquisition Sponsor I LLC

2

Check the appropriate box if a member of a Group (see instructions)

  (a)
  (b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 5,621,622.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 5,621,622.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,621,622.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

26.0 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:   The 5,621,622 shares referred to in Rows 5, 7 and 9 represent the Class B ordinary shares of Melar Acquisition Corp. I (the "Issuer"), which will convert into Class A ordinary shares concurrently with or immediately following the consummation of the Issuer's initial business combination (the "Business Combination") or earlier at the option of the holder on a one-for-one basis, subject to adjustment, and as more fully described under the heading "Description of Securities -- Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-279899). Melar Acquisition Sponsor I LLC (the "Sponsor") is the record holder of the Class B ordinary shares reported herein. Eco Crown Global LLC and Melar Capital SPAC Sponsor I LLC are the managing members of the Sponsor. Gautam Ivatury, the Issuer's Chief Executive Officer and Chairman, is the managing member of Eco Crown Global LLC. Eric Lifshitz, the Issuer's Chief Operating Officer and a director, is the sole and managing member of Melar Capital SPAC Sponsor I LLC. Accordingly, Eco Crown Global LLC, Melar Capital SPAC Sponsor I LLC and Messrs. Gautam Ivatury and Eric Lifshitz may be deemed to have or share beneficial ownership of the Class B ordinary shares held of record by the Sponsor. The 5,621,622 shares referred to in Rows 5, 7, 9 and 11 exclude 5,000,000 Class A ordinary shares which may be purchased by exercising warrants that are not presently exercisable. The percentage referred to in Row 11 is based on 16,000,000 Class A ordinary shares issued and outstanding and 5,621,622 Class B ordinary shares issued and outstanding as of November 11, 2024 as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the "SEC") on November 12, 2024 and assumes conversion of the 5,621,622 Class B ordinary shares owned by the Sponsor into the same number of Class A ordinary shares.

SCHEDULE 13G

CUSIP No. G6004G100

1

Names of Reporting Persons

Eco Crown Global LLC

2

Check the appropriate box if a member of a Group (see instructions)

  (a)
  (b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,621,622.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,621,622.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,621,622.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

26.0 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:   The 5,621,622 shares referred to in Rows 6, 8 and 9 represent the Class B ordinary shares of the Issuer, which will convert into Class A ordinary shares concurrently with or immediately following the consummation of the Business Combination or earlier at the option of the holder on a one-for-one basis, subject to adjustment, and as more fully described under the heading "Description of Securities -- Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-279899). The Sponsor is the record holder of the Class B ordinary shares reported herein. Eco Crown Global LLC and Melar Capital SPAC Sponsor I LLC are the managing members of the Sponsor. Gautam Ivatury, the Issuer's Chief Executive Officer and Chairman, is the managing member of Eco Crown Global LLC. Eric Lifshitz, the Issuer's Chief Operating Officer and a director, is the sole and managing member of Melar Capital SPAC Sponsor I LLC. Accordingly, Eco Crown Global LLC, Melar Capital SPAC Sponsor I LLC and Messrs. Gautam Ivatury and Eric Lifshitz may be deemed to have or share beneficial ownership of the Class B ordinary shares held of record by the Sponsor. The 5,621,622 shares referred to in Rows 6, 8, 9 and 11 exclude 5,000,000 Class A ordinary shares which may be purchased by exercising warrants that are not presently exercisable. The percentage referred to in Row 11 is based on 16,000,000 Class A ordinary shares issued and outstanding and 5,621,622 Class B ordinary shares issued and outstanding as of November 11, 2024 as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on November 12, 2024 and assumes conversion of the 5,621,622 Class B ordinary shares owned by the Sponsor into the same number of Class A ordinary shares.

SCHEDULE 13G

CUSIP No. G6004G100

1

Names of Reporting Persons

Melar Capital SPAC Sponsor I LLC

2

Check the appropriate box if a member of a Group (see instructions)

  (a)
  (b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,621,622.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,621,622.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,621,622.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

26.0 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:   The 5,621,622 shares referred to in Rows 6, 8 and 9 represent the Class B ordinary shares of the Issuer, which will convert into Class A ordinary shares concurrently with or immediately following the consummation of the Business Combination or earlier at the option of the holder on a one-for-one basis, subject to adjustment, and as more fully described under the heading "Description of Securities -- Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-279899). The Sponsor is the record holder of the Class B ordinary shares reported herein. Eco Crown Global LLC and Melar Capital SPAC Sponsor I LLC are the managing members of the Sponsor. Gautam Ivatury, the Issuer's Chief Executive Officer and Chairman, is the managing member of Eco Crown Global LLC. Eric Lifshitz, the Issuer's Chief Operating Officer and a director, is the sole and managing member of Melar Capital SPAC Sponsor I LLC. Accordingly, Eco Crown Global LLC, Melar Capital SPAC Sponsor I LLC and Messrs. Gautam Ivatury and Eric Lifshitz may be deemed to have or share beneficial ownership of the Class B ordinary shares held of record by the Sponsor. The 5,621,622 shares referred to in Rows 6, 8, 9 and 11 exclude 5,000,000 Class A ordinary shares which may be purchased by exercising warrants that are not presently exercisable. The percentage referred to in Row 11 is based on 16,000,000 Class A ordinary shares issued and outstanding and 5,621,622 Class B ordinary shares issued and outstanding as of November 11, 2024 as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on November 12, 2024 and assumes conversion of the 5,621,622 Class B ordinary shares owned by the Sponsor into the same number of Class A ordinary shares.

SCHEDULE 13G

CUSIP No. G6004G100

1

Names of Reporting Persons

Gautam Ivatury

2

Check the appropriate box if a member of a Group (see instructions)

  (a)
  (b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,621,622.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,621,622.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,621,622.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

26.0 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:   The 5,621,622 shares referred to in Rows 6, 8 and 9 represent the Class B ordinary shares of the Issuer, which will convert into Class A ordinary shares concurrently with or immediately following the consummation of the Business Combination or earlier at the option of the holder on a one-for-one basis, subject to adjustment, and as more fully described under the heading "Description of Securities -- Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-279899). The Sponsor is the record holder of the Class B ordinary shares reported herein. Eco Crown Global LLC and Melar Capital SPAC Sponsor I LLC are the managing members of the Sponsor. Gautam Ivatury, the Issuer's Chief Executive Officer and Chairman, is the managing member of Eco Crown Global LLC. Eric Lifshitz, the Issuer's Chief Operating Officer and a director, is the sole and managing member of Melar Capital SPAC Sponsor I LLC. Accordingly, Eco Crown Global LLC, Melar Capital SPAC Sponsor I LLC and Messrs. Gautam Ivatury and Eric Lifshitz may be deemed to have or share beneficial ownership of the Class B ordinary shares held of record by the Sponsor. The 5,621,622 shares referred to in Rows 6, 8, 9 and 11 exclude 5,000,000 Class A ordinary shares which may be purchased by exercising warrants that are not presently exercisable. The percentage referred to in Row 11 is based on 16,000,000 Class A ordinary shares issued and outstanding and 5,621,622 Class B ordinary shares issued and outstanding as of November 11, 2024 as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on November 12, 2024 and assumes conversion of the 5,621,622 Class B ordinary shares owned by the Sponsor into the same number of Class A ordinary shares.

SCHEDULE 13G

CUSIP No. G6004G100

1

Names of Reporting Persons

Eric Lifshitz

2

Check the appropriate box if a member of a Group (see instructions)

  (a)
  (b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,621,622.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,621,622.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,621,622.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

26.0 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:   The 5,621,622 shares referred to in Rows 6, 8 and 9 represent the Class B ordinary shares of the Issuer, which will convert into Class A ordinary shares concurrently with or immediately following the consummation of the Business Combination or earlier at the option of the holder on a one-for-one basis, subject to adjustment, and as more fully described under the heading "Description of Securities -- Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-279899). The Sponsor is the record holder of the Class B ordinary shares reported herein. Eco Crown Global LLC and Melar Capital SPAC Sponsor I LLC are the managing members of the Sponsor. Gautam Ivatury, the Issuer's Chief Executive Officer and Chairman, is the managing member of Eco Crown Global LLC. Eric Lifshitz, the Issuer's Chief Operating Officer and a director, is the sole and managing member of Melar Capital SPAC Sponsor I LLC. Accordingly, Eco Crown Global LLC, Melar Capital SPAC Sponsor I LLC and Messrs. Gautam Ivatury and Eric Lifshitz may be deemed to have or share beneficial ownership of the Class B ordinary shares held of record by the Sponsor. The 5,621,622 shares referred to in Rows 6, 8, 9 and 11 exclude 5,000,000 Class A ordinary shares which may be purchased by exercising warrants that are not presently exercisable. The percentage referred to in Row 11 is based on 16,000,000 Class A ordinary shares issued and outstanding and 5,621,622 Class B ordinary shares issued and outstanding as of November 11, 2024 as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on November 12, 2024 and assumes conversion of the 5,621,622 Class B ordinary shares owned by the Sponsor into the same number of Class A ordinary shares.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Melar Acquisition Corp. I
(b)	Address of issuer's principal executive offices: 143 West 72nd Street, 4th Floor, New York, NY 10023
Item 2.
(a)	Name of person filing: Melar Acquisition Sponsor I LLC, Eco Crown Global LLC, Melar Capital SPAC Sponsor I LLC, Gautam Ivatury and Eric Lifshitz (collectively, the "Reporting Persons")
(b)	Address or principal business office or, if none, residence: 143 West 72nd Street, 4th Floor New York, NY 10023
(c)	Citizenship: Each of Melar Acquisition Sponsor I LLC, Eco Crown Global LLC and Melar Capital SPAC Sponsor I LLC is a limited liability company formed in Delaware. Each of Gautam Ivatury and Eric Lifshitz is a citizen of the United States of America.
(d)	Title of class of securities: Class A ordinary share, par value $0.0001 per share
(e)	CUSIP No.: G6004G100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),        please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The responses to Items 5-11 of the cover pages of this Schedule 13G are incorporated herein by reference. As of December 31, 2024, the Reporting Persons may be deemed to beneficially own 5,621,622 of the Issuer's Class B ordinary shares, representing 26.0% of the total Class A ordinary shares issued and outstanding and assuming the conversion of all issued and outstanding Class B ordinary shares of the Issuer. The Sponsor is the record holder of the Class B ordinary shares reported herein. Eco Crown Global LLC and Melar Capital SPAC Sponsor I LLC are the managing members of the Sponsor. Gautam Ivatury, the Issuer's Chief Executive Officer and Chairman, is the managing member of Eco Crown Global LLC. Eric Lifshitz, the Issuer's Chief Operating Officer and a director, is the sole and managing member of Melar Capital SPAC Sponsor I LLC. Accordingly, Eco Crown Global LLC, Melar Capital SPAC Sponsor I LLC and Messrs. Gautam Ivatury and Eric Lifshitz may be deemed to have or share beneficial ownership of the Class B ordinary shares held of record by the Sponsor.
(b)	Percent of class: The 5,621,622 Class B ordinary shares owned by the Reporting Persons constitute 26.0% of the total number of (i)16,000,000 Class A ordinary shares issued and outstanding and (ii) 5,621,622 Class B ordinary shares issued and outstanding as of November 11, 2024 as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on November 12, 2024 and assumes the conversion of all 5,621,622 Class B ordinary shares owned by the Reporting Persons. The Class B ordinary shares are convertible into the Issuer's Class A ordinary shares concurrently with or immediately following the consummation of the Business Combination or earlier at the option of the holder on a one-for-one basis, subject to adjustment, as more fully described under the heading "Description of Securities -- Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-279899).  %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Melar Acquisition Sponsor I LLC: 5,621,622, Eco Crown Global LLC: 0, Melar Capital SPAC Sponsor I LLC: 0, Gautam Ivatury: 0, and Eric Lifshitz: 0
	(ii) Shared power to vote or to direct the vote: Melar Acquisition Sponsor I LLC: 0, Eco Crown Global LLC: 5,621,622, Melar Capital SPAC Sponsor I LLC: 5,621,622, Gautam Ivatury: 5,621,622, and Eric Lifshitz: 5,621,622
	(iii) Sole power to dispose or to direct the disposition of: Melar Acquisition Sponsor I LLC: 5,621,622, Eco Crown Global LLC: 0, Melar Capital SPAC Sponsor I LLC: 0, Gautam Ivatury: 0, and Eric Lifshitz: 0
	(iv) Shared power to dispose or to direct the disposition of: Melar Acquisition Sponsor I LLC: 0, Eco Crown Global LLC: 5,621,622, Melar Capital SPAC Sponsor I LLC: 5,621,622, Gautam Ivatury: 5,621,622, and Eric Lifshitz: 5,621,622
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE
	After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Melar Acquisition Sponsor I LLC

Signature:	/s/ Gautam Ivatury
Name/Title:	Gautam Ivatury/Managing Member of Eco Crown Global LLC, as a Managing Member of Melar Acquisition Sponsor I LLC
Date:	02/13/2025

Eco Crown Global LLC

Signature:	/s/ Gautam Ivatury
Name/Title:	Gautam Ivatury/Managing Member
Date:	02/13/2025

Melar Capital SPAC Sponsor I LLC

Signature:	/s/ Eric Lifshitz
Name/Title:	Eric Lifshitz/Managing Member
Date:	02/13/2025

Gautam Ivatury

Signature:	/s/ Gautam Ivatury
Name/Title:	Individual
Date:	02/13/2025

Eric Lifshitz

Signature:	/s/ Eric Lifshitz
Name/Title:	Individual
Date:	02/13/2025

Exhibit Information

Exhibit Number Description 99.1 Joint Filing Agreement, dated February 13, 2025.