Magellanic Cloud Limited has announced that its Board of Directors has authorized three Key Managerial Personnel (KMP) to determine the materiality of events or information and make disclosures to stock exchanges. The authorization was granted during a board meeting held on March 24, 2026, in accordance with Regulation 30(5) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Authorized Key Managerial Personnel

The company has designated three senior executives with specific responsibilities for material event disclosures:

Contact Information and Compliance

The authorized Key Managerial Personnel can be reached at the company's registered office located at Dallas Center, 6th Floor 83/1, Plot No A1, Knowledge City Rd, Rai Durg, Telangana 500032. The company has provided dedicated contact details for compliance matters, including the email address compliance@magellanic-cloud.com and telephone number 040-46515454.

Regulatory Framework

This authorization aligns with SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015, specifically Regulation 30(5), which allows companies to designate Key Managerial Personnel for determining and disclosing material events. The move ensures streamlined compliance processes and timely disclosure of material information to investors and stakeholders.

The company has confirmed that this information is also available on its official website at https://magellanic-cloud.com/ , ensuring transparency and accessibility for all stakeholders. The authorization was formally signed by Managing Director Joseph Sudheer Reddy Thumma (DIN: 07033919) on March 24, 2026.

Magellanic cloud Limited's Board of Directors has approved the company's participation in a significant rights issue by its subsidiary Scandron Private Limited. The decision was taken during a board meeting held on March 24, 2026, demonstrating the company's commitment to supporting its subsidiary's growth initiatives.

Board Meeting Details

The board meeting was conducted on March 24, 2026, commencing at 3:00 PM and concluding at 3:43 PM. The meeting was held in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring proper regulatory adherence.

Rights Issue Participation

The board has approved participation in the rights issue of Scandron Private Limited, a subsidiary of the company. The key parameters of this investment decision include:

Investment Strategy

The company has maintained flexibility in its investment approach by stating that the actual number of shares to be subscribed and the amount to be invested will be determined at the time of subscription. This decision will be based on commercial considerations and acceptance of the rights issue, allowing the company to optimize its investment based on prevailing market conditions.

Regulatory Compliance

Magellanic Cloud Limited has committed to submitting detailed disclosure as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with applicable SEBI Circulars. These disclosures will be provided upon completion of allotment of shares by Scandron Private Limited, ensuring full transparency with stakeholders.

Management Authorization

The decision was formally authorized by Joseph Sudheer Reddy Thumma, Managing Director of Magellanic Cloud Limited (DIN: 07033919). The authorization was digitally signed on March 24, 2026, at 4:36 PM, providing official validation to the board's decision.