Magellanic Cloud Limited has informed the Exchange regarding Change in Director(s) of the company.
MCLOUD · price
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Magellanic Cloud Limited announced the appointment of Mr. Ravi Janarthanan as an Additional Director (Non-Executive, Non-Independent) on the Board with effect from 11th April 2026. The appointment was approved during a Board meeting held on that date which lasted 30 minutes. Mr. Janarthanan is described as an entrepreneur and global investor with experience across aerospace & defence, artificial intelligence, and energy sectors. The company confirmed there are no disclosed relationships between the new director and any existing directors. The disclosure was filed in response to an exchange query seeking additional details under SEBI's Regulation 30 requirements.
The appointment adds an experienced global investor to the board, potentially strengthening strategic oversight in technology and defence sectors, though the non-independent nature means no change to board independence ratios.