Promoter Joseph Sudheer Reddy Thumma created pledges over 10,00,000 and 25,00,000 shares with Merchants Private Limited and PMC Fincorp Limited. Post-pledge promoter encumbrance rises to about 28.50%.
Magellanic Cloud Ltd's promoters confirmed that 10,94,83,767 equity shares remained pledged as of March 31, 2026. This annual disclosure under SEBI SAST Regulations confirms no additional encumbrances were created during the financial year. Investors monitor such pledge levels to assess financial leverage and stability within the promoter group.