Magellanic Cloud board approves merger of wholly owned subsidiary IVIS International

Scheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

MCLOUD · price

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Price reactionminutes from the announcement price · days from the prior close

+6.5%Reaction day

₹27.04

prior close

₹28.40

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+6.8% vs market

Computers - Software & Consulting peers, median of 67sector-0.6%+7.2% vs sector

On the reaction day the stock moved 6.8 pts more than Nifty Microcap 250 and 7.2 pts more than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.4

10m

-0.4

15m

-1.5

30m

-1.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+6.5-0.3+6.8-0.6+7.2

Next day

+13.1+0.8+12.3-1.2+14.2

+17.4+0.9+16.5-1.0+18.4

+17.4+1.8+15.6-0.5+17.9

+17.2+1.5+15.8-0.2+17.5

+15.1+1.7+13.5+0.0+15.1

+8.7-1.1+9.7-1.4+10.0

15d

+6.0+1.0+4.9+3.7+2.2

+9.5+0.4+9.1+3.3+6.2

-1.3+6.4-7.6+0.1-1.4

-6.3+5.5-11.7-5.7-0.5

UpDownMarket · Nifty Microcap 250Sector · Computers - Software & Consulting peers, median of 67Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board approved merger of wholly owned subsidiary IVIS International Private Limited (surveillance and monitoring services) into Magellanic Cloud. Appointed date is April 1, 2026. Since IVIS is wholly owned, no new shares will be issued and shareholding pattern remains unchanged. Scheme needs NCLT sanction. Separately, board approved preferential issue of 3,74,28,573 equity shares and 12,67,00,000 convertible warrants at Rs 30 each, raising about Rs 492 crores. EGM set for July 24, 2026.

Likely market impact

Merger streamlines operations with no share dilution. Preferential issue may dilute equity if warrants are converted within 18 months.