Magellanic Cloud shareholders back all key resolutions at 44th AGM

Magellanic Cloud Limited announced the voting results of its 44th Annual General Meeting (AGM) held on September 23, 2025, revealing unanimous approval for nearly all resolutions presented. Joseph Sudheer Reddy Thumma, managing director, confirmed that all items, encompassing ordinary and special business, passed with 100% of valid votes cast in favor, with one exception.

Key resolutions included the adoption of the Audited Financial Statements for the financial year ended March 31, 2025, and the declaration of a dividend of ₹0.15 per share. Shareholders also approved the re-appointment of Joseph Sudheer Reddy Thumma as a director and the re-appointment of M/s. SGCO & Co LLP as statutory auditors.

Additionally, the appointment of a secretarial auditor, Ms. Amita Sachin Karia, and Ms. Priyanka Dharmesh Pandey as independent directors for five-year terms were approved with full support. Mr. Mayank Mahendra Shukla's appointment as an independent director also received 99.99% of votes in favor, with only 0.01% against. The remote e-voting period ran from September 20 to September 22, 2025.