The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 03, 2025 for Jagan Mohan Reddy Thumma
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On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 1.0 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Magellanic Cloud Ltd's promoter Jagan Mohan Reddy Thumma has created a new pledge of 8,00,000 shares (0.137% of total share capital) with Anand Rathi Global Finance Ltd on June 2, 2025. After this pledge creation, his total encumbered holding rises to 40,05,000 shares (0.686%) out of his overall 8.04% stake in the company. The disclosure also lists encumbrance status of other promoters: Joseph Sudheer Reddy Thumma (39.62% stake, no encumbrance), Dennis Reddy Thumma (5.84% with 0.042% encumbered), Innamma Thumma (4.72% with no encumbrance), and Boyapati Inna Reddy (0.07% with no encumbrance). The filing is a routine SAST Regulation 31(1)/31(2) disclosure for pledge creation, not a sale or acquisition.
The pledge size is very small relative to the promoter's total holding (less than 1%), so this is unlikely to materially affect the stock. Investors may keep an eye on total promoter pledging levels going forward, but no immediate red flag is raised by this disclosure.