Magellanic Cloud Authorizes KMPs for Disclosure Authority
Magellanic Cloud Limited's Board has authorized its Managing Director, CFO, and Company Secretary to determine and disclose material events to stock exchanges under SEBI LODR Regulations. Contact details for disclosures have been provided.
This is a standard corporate governance compliance update and does not directly impact the company's financial performance, operations, or stock price in the short term.
The announcement is a routine corporate governance disclosure regarding authorization for KMPs to handle material event disclosures. It does not contain any positive or negative financial or operational news.
Magellanic Cloud Limited (MCLOUD), formerly South India Projects Limited, announced that its Board of Directors, in a meeting held on March 24, 2026, has authorized key managerial personnel (KMPs) to determine the materiality of events or information and disclose the same to the stock exchanges.
This authorization is in accordance with Regulation 30(5) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The authorized KMPs include Mr. Joseph Sudheer Reddy Thumma, Managing Director; Mr. Pratik Harish Bhai Bhatt, Chief Financial Officer; and Mr. Sameer Lalwani, Company Secretary & Compliance Officer.
These individuals are empowered to determine the materiality of events/information and make the necessary disclosures to the stock exchanges. The contact details for these KMPs, including their email address (compliance@magellanic-cloud.com) and telephone number (040-46515454), have also been provided. The information is available on the company's website at https://magellanic-cloud.com/.
What to do with a filing like this
Magellanic Cloud Limited filed this with the NSE as a statutory disclosure, categorised under corporate governance report. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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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.