Magellanic Cloud promoter pledges shares for loans

On November 5, 2025, Joseph Sudheer Reddy Thumma, a promoter of Magellanic Cloud Limited, reported the creation of pledges on a substantial portion of his shares. The disclosures, made under SEBI Regulations, indicate several new encumbrances primarily for collateral against loans.

Key transactions include pledges on October 29, 2025, of 100,000 shares (0.02% of total share capital) to Anand Rathi Share and Stock Brokers Limited, and on October 28, 2025, of 400,000 shares (0.07%) to S Jogani Exports Private Limited, and 1,300,000 shares (0.22%) to Aryan Mining and Trading Corporation Pvt Limited. Further pledges on October 28, 2025, involved 500,000 shares (0.09%) to Badjate Stock Broking Pvt Ltd, 1,000,000 shares (0.17%) to Virtue Financial Services Pvt Ltd, and 100,000 shares (0.02%) to Minsol Limited.

Following these pledges, Thumma’s total post-event encumbered shares now stand at 2,000,000, representing approximately 0.39% of the total share capital. His overall holding in the target company remains at 39.62%, amounting to 23,15,41,120 shares.