The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on February 13, 2026 for Joseph Sudheer Reddy ....
MCLOUD · price
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Magellanic Cloud Ltd has informed the exchanges about the release of pledged promoter shares on February 11, 2026. Promoter Joseph Sudheer Reddy Thumma released pledges of 50 lakh shares (0.84%) held with Aryan Mining & Trading Corp, 25 lakh shares (0.42%) with Minsol Limited, and 40 lakh shares (0.67%) with Merlin Projects Limited. Another promoter, Jagan Mohan Reddy Thumma, released a pledge of 19.25 lakh shares (0.32%) with Bikewin Trading Pvt Ltd. In total, about 1.34 crore pledged promoter shares (roughly 2.25% of share capital) have been freed from encumbrance. Post-release, Joseph Sudheer Reddy Thumma's encumbered holding fell to 8.15 crore shares (13.84%) from earlier higher levels, and Jagan Mohan Reddy Thumma's dropped to 2.93 crore shares (4.97%).
Pledge releases are generally seen as a positive signal for shareholders, as they reduce the risk of forced selling and suggest improved financial flexibility or confidence among promoters. This may provide near-term relief to the stock from overhang concerns.