Magellanic Cloud Limited has informed the Exchange about the appointment of M/s Deep Shukla & Associates, Company Secretaries as the Secretarial Auditors of the Company, at the meeting of the Board held on 29th August 2025.
MCLOUD · price
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Magellanic Cloud Limited's Board of Directors met on August 29, 2025 and approved several items. The Board recommended a final dividend of Rs. 0.03 (1.5%) per equity share on shares of Rs. 2 face value, subject to shareholder approval at the upcoming AGM. The 44th Annual General Meeting is scheduled for September 23, 2025 at 12:00 p.m. via video conferencing, with book closure from September 17 to September 23, 2025. M/s Deep Shukla & Associates, Practicing Company Secretaries, was appointed as the Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30). The same firm was also appointed as the Scrutinizer for the e-voting process at the AGM.
The dividend is very small (1.5% on face value), so minimal direct cash benefit to shareholders. The appointment of a new secretarial auditor for a 5-year term is a routine compliance matter with no material impact on the stock. Overall, this is a standard pre-AGM board outcome filing.