The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 12, 2025 for Jagan Mohan Reddy Thumma
MCLOUD · price
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On the reaction day the stock moved 4.6 pts more than Nifty Microcap 250 and 4.4 pts more 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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Promoter Jagan Mohan Reddy Thumma of Magellanic Cloud Limited has informed the stock exchanges about the creation of a pledge on 29,00,000 shares (0.496% of total share capital) on June 6, 2025, in favour of Sai Roshni Capital Private Limited. After this pledge, his total encumbered shares stand at 69,05,000 (1.182%) out of his 4,70,00,000 shares (8.04% holding). Other promoters listed in the disclosure include Joseph Sudheer Reddy Thumma (39.62%), Dennis Reddy Thumma (5.84%), Boyapati Inna Reddy (0.07%), and Innamma Thumma (4.72%), with no new encumbrance events reported for them. This is a routine disclosure under SEBI's substantial acquisition and takeover rules.
The pledge is relatively small compared to the promoter's total holding (about 36% of his shares are now pledged) and is unlikely to materially affect stock price or shareholder confidence at this stage. Investors should monitor for any future pledge invocation or release events that could signal financial stress.