Magellanic Cloud Ltd Board Meeting Scheduled for Preferential Fund Raising
Magellanic Cloud Ltd., formerly known as South India Projects Limited, has scheduled a Board of Directors meeting to consider significant plans regarding capital raising and corporate matters. The meeting is set for Thursday, June 25, 2026.The primary item on the agenda is the approval of issuing equity shares and convertible warrants on a preferential basis. This issuance is intended to raise funds for the company. The Board is expected to review this proposal, which falls under the scope of relevant acts, rules, and regulations governing capital markets.
In addition to approving the fundraising initiative, the meeting is scheduled to consider any other matters with the permission of the chairman.
Trading Window Status
Regarding insider trading policies, the company has announced that the 'Trading Window' will remain closed for all Directors, Officers, Designated Persons of the Company and their immediate relatives. The restriction on trading commenced on June 18, 2026, and the window will remain closed until 48 hours after this announcement is made available to the public.The information regarding these corporate developments pertains to Magellanic Cloud Ltd.
MCLOUD Stock Price Movement
Today, shares of Magellanic Cloud Limited surged in post-market trading, closing at ₹31.53 after a strong performance marked by a 15.13% gain. The stock saw robust activity throughout the session, with 76.73 million shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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