Magellanic Cloud Limited has issued a prior intimation regarding an upcoming Board of Directors meeting scheduled for Thursday, June 25, 2026. This disclosure is made pursuant to Regulation 29 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
The primary agenda for the board meeting includes consideration and approval of:
- The issuance of equity shares and/or convertible warrants on a preferential basis for raising funds
- The fundraising will be conducted in accordance with the Companies Act, 2013 and its rules, as well as the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
- The issuance is subject to obtaining necessary regulatory/statutory approvals and shareholder approval
Additionally, the company has implemented a trading window closure in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The trading window remains closed for all Directors, Officers, Designated Persons of the company and their immediate relatives from June 18, 2026, and will reopen 48 hours after the announcement is made available to the public.
This information will also be made available on the company's website at www.magellaniccloud.com.