The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on July 11, 2025 for Jagan Mohan Reddy Thumma
MCLOUD · price
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On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and 1.4 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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Magellanic Cloud Ltd has filed a revised SAST disclosure reporting the creation of a new pledge on promoter Jagan Mohan Reddy Thumma's shares on 06 June 2025. The pledge covers 29,00,000 shares (0.496% of total share capital), taken as collateral for loans by Sai Roshni Capital Pvt Ltd. After this pledge, his total encumbered shares stand at 69,05,000 (1.182% of share capital). The disclosure also lists encumbered shares held by other promoters like Joseph Sudheer Reddy Thumma (2.923%) and Dennis Reddy Thumma (0.042%), with no new events for them. Total promoter holding remains above 50% of the company.
Minor negative signal – a small portion of promoter shares have been pledged, indicating the promoter is raising personal loans against shares. This slightly increases risk if share prices fall, though the pledged percentage remains low at 1.18% of total capital.