Joseph Sudheer Reddy Thumma has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Magellanic Cloud Limited's promoters have filed a revised disclosure under SEBI regulations to correct an earlier filing error. The filing confirms that as of March 31, 2026, promoters have pledged 107,855,554 equity shares as encumbrances. The promoter group collectively holds approximately 318.3 million shares representing about 54% of total shareholding. Promoter Joseph Sudheer Reddy Thumma holds 35.90%, followed by Jagan Mohan Reddy Thumma at 7.98%, DennisReddy Thumma at 5.80%, and others. The disclosure clarifies that no additional encumbrances were created during the financial year beyond those already reported.
The pledged shares represent about 34% of promoter holdings, indicating significant promoter leverage on their shareholding. This type of disclosure is routine regulatory compliance but alerts investors to potential risk if pledged shares are invoked, which could impact stock supply.