Magellanic Cloud Schedules EGM for Preferential Issue

Magellanic Cloud Ltd has announced an Extra-Ordinary General Meeting (EGM) to be held on July 24, 2026, via Video Conferencing. The primary agenda is to approve the preferential issue of 3,74,28,573 equity shares and 12,67,00,000 convertible warrants. The issue price for equity shares is set at ₹30 per share, including a premium of ₹28. The meeting will also cover e-voting procedures, with the cut-off date on July 17, 2026, and e-voting commencing on July 21, 2026, and concluding on July 23, 2026. The company, formerly South India Projects Limited, is seeking member approval for this significant capital raise.