Magellanic Cloud Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 23, 2025
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Magellanic Cloud Limited held its 44th Annual General Meeting on September 23, 2025, via video conferencing from 12:00 PM to 12:46 PM. Eight resolutions were transacted, including adoption of financial statements for FY ended March 31, 2025, declaration of a dividend, re-appointment of Managing Director Joseph Sudheer Reddy Thumma, and re-appointment of S G C O & Co LLP as statutory auditors. Three new independent directors (Amita Sachin Karia, Mayank Mahendra Shukla, and Priyanka Dharmesh Pandey) were appointed for five-year terms via special resolutions. A total of 63 shareholders participated (2 promoters, 61 public), and the e-voting results from scrutinizer Deep Shukla & Associates will be filed separately.
Shareholders approved a dividend and the re-appointment of the Managing Director, signalling board continuity. The appointment of three new independent directors refreshes the board, while the pending e-voting results will confirm final voting outcomes for shareholder review.