Magellanic Cloud Limited has informed the Exchange regarding 'we hereby confirm that our Company does not fall under the criteria for Large Corporate (LC) as per the applicability criteria mentioned in SEBI Circular (SEBI/HO/DDHS/CIR/P/2018/144)'.
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Magellanic Cloud Limited has filed a confirmation with BSE and NSE stating that the company does not meet the criteria to be classified as a Large Corporate (LC) under SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. This circular typically applies to companies meeting certain thresholds based on market capitalization and borrowing limits. The filing is dated April 20, 2026, and is signed by Managing Director Joseph Sudheer Reddy Thumma and CFO Pratik Harishbhai Bhatt. The company previously operated under the name South India Projects Limited.
This is a routine regulatory compliance filing with no direct impact on shareholders or stock price. It simply confirms that Magellanic Cloud falls below the thresholds that would trigger additional obligations for Large Corporates under SEBI regulations.