Magellanic Cloud Limited has issued a disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding an amendment to the objects of its preferential issue. This amendment follows observations received from the stock exchanges on the company's In-Principle Application for the proposed preferential issue.

The specific amendment concerns Object No. 6 of the issue. The original wording, as stated in the Extra-Ordinary General Meeting (EGM) Notice dated June 25, 2026 and its Corrigendum dated July 20, 2026, was:

"The Company may utilize a portion of the proceeds towards strategic acquisitions, technology acquisitions, investments, joint ventures, purchase of businesses, assets, intellectual property, and related growth opportunities, as may be identified from time to time, in accordance with applicable laws and regulations."

This has been amended to:

"Acquisition for inorganic growth opportunities."

The proceeds are from the issue of 3,69,28,573 Equity Shares and 12,67,00,000 Convertible Warrants on a preferential basis, which was approved by members at the EGM held on July 24, 2026.

The revised, consolidated objects of the issue and their allocated amounts are as follows:

| Sr. No. | Object of the Issue | Amount (₹ in Crore) | Timeline |

| 1 | To invest/infuse funds in subsidiary MCRAY Xtend India Private Limited for developing a drone manufacturing facility with Xtend (Israel Company) for Capital expenditure (land, building, plant, machinery) in Hyderabad (Phase-1 Drone Project) | 150.00 | 24 Months |

| 2 | Funding the Company's incremental working capital requirements for existing order book execution (E-Surveillance and Drone business), procurement, vendor payments, employee costs, and short-term obligations | 100.00 | 18 Months |

| 3 | Repayment/pre-payment of existing borrowings and indebtedness, including loans and inter-corporate deposits from subsidiaries, group entities, banks, financial institutions, and other lenders | 50.00 | 18 Months |

| 4 | Research, development, design, integration, testing, and commercialization activities for Drone and Counter-UAV technologies, including technology transfer, innovation, component procurement, and facility establishment | 75.00 | 24 Months |

| 5 | General Corporate Purposes | 100.00 | 18 Months |

| 6 | Acquisition for inorganic growth opportunities | 15.89 | 24 Months |

| | Total | 490.89 | |

The company states that all other terms and conditions as set out in the original EGM Notice and Corrigendum remain unchanged. This clarification forms part of those original documents. The disclosure is made in accordance with the SEBI ICDR Regulations, the Companies Act, 2013, and relevant MCA Circulars.

The company confirms its commitment to timely disclosures, obtaining requisite approvals, and regulatory compliance.

The document is signed by Sameer Rajkumar Lalwani, Company Secretary & Compliance Officer (Membership no. 57275), on behalf of Magellanic Cloud Limited.