Magellanic Cloud Limited (MCL), a company listed on both the Bombay Stock Exchange and National Stock Exchange, has announced significant changes to its board and auditing team following decisions made at its 44th Annual General Meeting (AGM) held on September 23, 2025.

Board Expansion with New Independent Directors

The company has appointed three new Independent Directors, each for a five-year term:

1. Ms. Amita Sachin Karia: A Fellow Member of the Institute of Company Secretaries of India (ICSI), Ms. Karia brings over 13 years of experience in Corporate and Securities Laws. Her expertise spans areas such as Secretarial Audits, SEBI & Listing Regulations, FEMA and FDI Compliances, and Corporate Governance.

2. Mr. Mayank Mahendra Shukla: With seven years of experience as an Event Organizer, Mr. Shukla is known for his skills in managing budgets, vendors, and teams.

3. Ms. Priyanka Dharmesh Pandey: An Associate Member of ICSI, Ms. Pandey has over 5 years of experience in corporate compliance, governance, and regulatory reporting. Her expertise includes Secretarial Audits, SEBI & Listing Regulations, and Corporate Governance.

Auditor Appointments

MCL has made key decisions regarding its auditing team:

• Statutory Auditors: M/s. S G C O & Co LLP, Chartered Accountants, have been reappointed as the Statutory Auditors of the company for a period of five consecutive years, from the 44th to the 49th AGM.

• Secretarial Auditors: M/s. Deep Shukla & Associates, a Mumbai-based corporate practice firm providing secretarial consultancy services since 2003, has been appointed as the Secretarial Auditor for the same five-year period.

AGM Proceedings

The AGM, conducted through Video Conferencing (VC) and Other Audio-Visual Means (OAVM), saw the participation of 2 promoter shareholders and 61 public shareholders. Key company officials, including Managing Directors Joseph Sudheer Reddy Thumma and Jagan Mohan Reddy Thumma, along with other board members and executives, were in attendance.

The meeting addressed various agenda items, including the adoption of financial statements, declaration of dividends, and the re-appointment of Mr. Joseph Sudheer Reddy Thumma as a Director liable to retire by rotation.

These appointments and reappointments reflect Magellanic Cloud Limited's commitment to strengthening its corporate governance and ensuring diverse expertise on its board.

Magellanic Cloud Limited , a company listed on the Bombay Stock Exchange (BSE), has reported significant insider trading activity involving a member of its promoter group. The company's Managing Director, Jagan Mohan Reddy Thumma, disclosed the transactions to the BSE in compliance with insider trading regulations.

Transaction Details

Joseph Sudheer Reddy Thumma, a member of the promoter group, executed the following share purchases:

The acquisitions took place over two consecutive days, resulting in a total purchase of 242,500 equity shares of Magellanic Cloud Limited.

Regulatory Compliance

The disclosure of these transactions aligns with the Securities and Exchange Board of India (SEBI) regulations on insider trading. These rules require promoters, directors, and other insiders to report their transactions in the company's securities to ensure transparency and maintain market integrity.

Implications

While the specific reasons for the share purchases were not disclosed, such transactions by promoter group members are often closely watched by investors and market analysts. They can sometimes be interpreted as a sign of confidence in the company's prospects, although various factors can influence such decisions.

Shareholders and potential investors are advised to consider this information as part of their overall assessment of the company, along with other financial and operational metrics, when making investment decisions.

Magellanic Cloud Limited continues to operate under the leadership of Managing Director Jagan Mohan Reddy Thumma, who ensured the timely disclosure of these insider transactions to the BSE.