Magellanic Cloud Issues Corrigendum for Annual Reports FY23-24 & FY24-25
Magellanic Cloud corrected an inadvertent error in the Nomination and Remuneration Committee composition within its Annual Reports for FY 2023-24 and FY 2024-25 due to a publisher's oversight.
The correction relates to an inadvertent error in the composition of a committee, which is a minor administrative detail and is unlikely to have a significant impact on the company's financials, operations, or market perception.
The announcement is a factual correction of an administrative error in previously published annual reports. It does not indicate any positive or negative operational or financial performance changes.
Magellanic Cloud Limited has issued a corrigendum to its Annual Reports for the Financial Year 2023-24 and 2024-25. This correction addresses an inadvertent error in the disclosed composition of the Nomination and Remuneration Committee (NRC) within the Corporate Governance Report for the quarter and year ended 31st March 2024. The incorrect composition was erroneously carried forward due to a publisher's oversight and reflected on page numbers 60-61 of the FY 2023-24 Annual Report and page number 127 of the FY 2024-25 Annual Report. The company has rectified this error in both Annual Reports. Only the sections pertaining to the NRC composition have been corrected; no other part of the Annual Reports has been altered. Revised Annual Reports for FY 2023-24 and FY 2024-25 are available on the company's website.
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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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