Magellanic Cloud Limited will hold a board meeting on June 25, 2026, to consider raising funds through the preferential allotment of equity shares or convertible warrants. The proposed issuance aims to bolster the company's capital base and is subject to necessary regulatory and shareholder approvals.

The board's decision will be guided by the provisions of the Companies Act, 2013, and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The meeting follows a prior outcome dated November 17, 2025, and is convened under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Agenda Details

The primary agenda item for the meeting is the approval of the issuance of equity shares or convertible warrants on a preferential basis. The board will also evaluate any other matters with the permission of the chair.

Trading Window Closure

In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the securities of Magellanic Cloud Limited is closed. This restriction applies to all directors, officers, designated persons, and their immediate relatives, effective from June 18, 2026. The window will remain closed until 48 hours after the announcement is made public.

Joseph Sudheer Reddy Thumma, Chairman and Managing Director, signed the intimation on June 18, 2026. The information is also available on the company's official website.

Promoters of Magellanic Cloud have disclosed that an aggregate of 10,94,83,767 equity shares were pledged as of March 31, 2026. This disclosure was submitted to the Bombay Stock Exchange and the National Stock Exchange of India in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The confirmation ensures that all encumbrances created during the financial year ended March 31, 2026, have been duly reported to the stock exchanges.

The promoters confirmed that, save and except the encumbrances already disclosed, no additional encumbrance was created by them directly or indirectly during the said financial year. The disclosure was signed by Joseph Sudheer Reddy Thumma on behalf of all promoters of the company.

Shareholding Details

The shareholding of the promoter and promoter group as of March 31, 2026, is detailed below: