MCLOUDNSEMagellanic Cloud LimitedLowNeutral
Announced Mon, 3 Nov · 17:09 IST

Magellanic Cloud Limited has informed the Exchange regarding 'Clarification: Corrigendum to the Annual Report for FY 2023-24 & FY 2024-25 Magellanic CloudLimited'.

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AI summary

Magellanic Cloud Limited has issued a corrigendum to its Annual Reports for FY 2023-24 and FY 2024-25 to fix an error in the composition of the Nomination and Remuneration Committee (NRC). The incorrect NRC composition, originally disclosed in the Corporate Governance Report for the period ended 31st March 2024, was carried forward into both annual reports (pages 60-61 of FY 2023-24 report and page 127 of FY 2024-25 report) due to a publisher's oversight. The company has now corrected only the NRC composition sections in both reports, with no other changes made. Revised annual reports have been made available on the company's website along with QR codes.

Likely market impact

This is a routine administrative correction limited to corporate governance disclosures and does not affect the company's financials, operations, or shareholder value. Investors should refer to the revised annual reports for the accurate NRC composition.