Magellanic Cloud Appoints Prathik Harishbhai Bhat as Interim CFO
Magellanic Cloud Limited appointed Mr. Prathik Harishbhai Bhat as Interim CFO and Key Managerial Personnel. The appointment is effective February 13, 2026. Mr. Bhat brings over two decades of experience in finance and business development.
The appointment of a Chief Financial Officer is a critical role within a company, impacting financial strategy and operations. This is considered a medium impact event.
The appointment of a new CFO is a routine management change and does not inherently present positive or negative financial implications based on the information provided.
Magellanic Cloud Limited, formerly known as South India Projects Limited, announced a significant change in its key management personnel. Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors, in a meeting held on January 13, 2026, approved the appointment of Mr. Prathik Harishbhai Bhat as the Interim Chief Financial Officer (CFO) and Key Managerial Personnel of the Company.
This appointment is effective from February 13, 2026. Mr. Bhat is not related to any of the Directors, Key Managerial Personnel, or Promoters of the Company. His profile indicates over two decades of experience in Structured Credit, Corporate Finance, and Business Development, with a focus on delivering sustained profitability through strategic planning and execution. He currently serves as Associate Director – P&L Head and Head – Distribution & Channel Alliances at MHP Fintech Services Pvt. Ltd.
What to do with a filing like this
Magellanic Cloud Limited filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Magellanic Cloud Limited. Read the original for the full detail.