Issue of Preferential Shares and Warrants

Magellanic Cloud Limited's Board of Directors approved a preferential allotment of 3,74,28,573 equity shares to Non-Promoters and 12,67,00,000 convertible warrants to Promoter/Promoter Group and Non-Promoters, subject to member approval at an Extra Ordinary General Meeting (EGM) scheduled for July 24, 2026. The Board also proposed increasing the investment ceiling for Non-Resident Indians and Overseas Citizens of India from 10% to 24%. Additionally, a provision for loans or…

Shares are issued to named investors at a set price, diluting existing holders and changing who sits on the register.

• Who the allottees are
• Issue price versus market price
• Lock-in period on the new shares
• With Group order wins already crossing ₹111 crore this financial year, this is only the beginning of what Prov (management committed by FY27)
• The high-margin engagement is expected to accelerate revenue growth and profitability in the coming year while (management committed by FY27)