Magellanic Cloud Limited has informed the Exchange that Board of Directors at its meeting held on August 29, 2025, recommended Final Dividend of 0.03 per equity share.
MCLOUD · price
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The Board of Directors of Magellanic Cloud Limited (formerly South India Projects Limited) met on August 29, 2025, and recommended a final dividend of Rs. 0.03 (1.5%) per equity share on the Rs. 2 face value shares. The dividend is subject to shareholder approval at the 44th Annual General Meeting scheduled for September 23, 2025, to be held via video conferencing. The board also approved the draft annual report, set book closure dates from September 17 to September 23, 2025, fixed the e-voting cut-off date as September 16, 2025, and appointed M/s Deep Shukla & Associates as Secretarial Auditors for a five-year term (FY 2025-26 to FY 2029-30). The dividend will be paid within 30 days of shareholder approval.
The dividend is very small — just 1.5% on face value (Rs. 0.03 on Rs. 2 share), which translates to a negligible yield for retail investors at most market prices. This is a routine governance outcome and is unlikely to move the stock price meaningfully.