Magellanic Cloud promoters pledge 10.94 crore shares as of March 31, 2026

0 min read     Updated on 18 Jun 2026, 03:39 AM
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Promoters of Magellanic Cloud Limited disclosed that 10,94,83,767 equity shares were pledged as of March 31, 2026, under SEBI regulations. The company confirmed no additional encumbrances were created during the financial year.

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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:

Name Category Total number of Shares held
Joseph Sudheer Reddy Thumma Promoter 211466356
Jagan Mohan Reddy Thumma Promoter 47000000
Innamma Thumma Promoter Group 25292980
Dennisreddy Thumma Promoter Group 34141740
Boyapati Inna Reddy Promoter Group 437760

Historical Stock Returns for Magellanic Cloud

1 Day5 Days1 Month6 Months1 Year5 Years
+0.29%+14.71%+12.31%+3.37%-62.70%-63.23%

What is the specific purpose for which the pledged shares have been utilized, and will these funds be directed towards company expansion or personal debt repayment?

How does the current pledge ratio impact the promoters' ability to raise further capital, and are there risks of margin calls triggering a sell-off?

Could this high level of encumbrance signal potential liquidity stress for the promoters, and might it lead to a dilution of their stake in the future?

Magellanic Cloud director resigns effective June 03, 2026

1 min read     Updated on 05 Jun 2026, 04:11 AM
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Ravi Janarthanan resigned as Additional Non-Executive, Non-Independent Director of Magellanic Cloud Limited effective June 03, 2026, due to personal reasons and other pre-occupations. The company confirmed there are no other material reasons for his departure. The Board of Directors and the Management acknowledged his valuable guidance and contribution during his association with the firm.

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Ravi Janarthanan has resigned as Additional Non-Executive, Non-Independent Director of magellanic cloud effective June 03, 2026, due to personal reasons and other pre-occupations. The company confirmed there are no other material reasons for his departure. The Board of Directors and the Management acknowledged his valuable guidance and contribution during his association with the firm.

The disclosure was made to the stock exchanges on June 04, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also cited Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026, regarding the details of the change.

Details of Resignation

The following table outlines the key particulars of the director's cessation:

Sl. No. Particulars Remarks
1 DIN 02368598
2 Name of Director Ravi Janarthanan
3 Reason of change Resignation due to personal reasons and other pre-occupations. No other material reason.
4 Date of Cessation June 03, 2026

The information has been made available on the company's official website. Sameer Rajkumar Lalwani, Company Secretary & Compliance Officer, signed the disclosure on behalf of Magellanic Cloud Limited.

Historical Stock Returns for Magellanic Cloud

1 Day5 Days1 Month6 Months1 Year5 Years
+0.29%+14.71%+12.31%+3.37%-62.70%-63.23%

Who will be appointed to fill the vacancy left by Ravi Janarthanan on the Board?

How will the resignation impact the company's strategic direction and governance?

Will the company announce any changes to its board composition or leadership structure in the near future?

More News on Magellanic Cloud

1 Year Returns:-62.70%