Magellanic Cloud pledges 10.95 crore shares in FY26
Magellanic Cloud disclosed that 10,94,83,767 equity shares held by promoters and promoter group were pledged as of March 31, 2026. The filing, submitted on April 7, 2026, confirms compliance with SEBI regulations and states no additional encumbrances were created during FY26.

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magellanic cloud disclosed that an aggregate of 10,94,83,767 equity shares held by its promoters and promoter group stand pledged as on March 31, 2026. The company submitted the disclosure to the Bombay Stock Exchange and the National Stock Exchange on April 7, 2026, under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that the details of encumbrances created by way of pledge over equity shares have been duly disclosed to the stock exchanges during the financial year ended March 31, 2026. The promoters stated that, save and except the encumbrances already disclosed, no additional encumbrance has been created directly or indirectly during the said financial year.
Shareholding and Pledging Details
As on March 31, 2026, the total shareholding of the promoter and promoter group in the company is detailed below:
| Name | Category | Total number of Shares held | Percentage Shareholding |
|---|---|---|---|
| JOSEPH SUDHEER REDDY THUMMA | Promoter | 211466356 | 35.899% |
| JAGAN MOHAN REDDY THUMMA | Promoter | 47000000 | 7.979% |
| INNAMMA THUMMA | Promoter Group | 25292980 | 4.294% |
| DENNISREDDY THUMMA | Promoter Group | 34141740 | 5.796% |
| BOYAPATI INNA REDDY | Promoter Group | 437760 | 0.074% |
The filing was made on behalf of all promoters of Magellanic Cloud Limited by Joseph Sudheer Reddy Thumma. The company requested the exchanges to take the disclosure on record and acknowledge receipt of the same.
Historical Stock Returns for Magellanic Cloud
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +8.55% | +17.74% | +16.46% | +2.88% | -62.84% | -61.87% |
What is the purpose of the funds raised through this massive pledge, and will they be utilized for corporate growth or personal liquidity?
How does this high level of promoter pledging impact the company's credit rating and its ability to secure future borrowing?
What specific risk mitigation strategies are in place to prevent a forced sale of shares in the event of a market downturn?


































