Magellanic Cloud Reports Promoter Group Shareholding Details as of March 31, 2026
Magellanic Cloud Ltd, formerly known as South India Projects Limited, confirmed details regarding the pledged equity shares held by its Promoter and Promoter Group as of March 31, 2026.On April 7, 2026, the company reported that as on March 31, 2026, an aggregate of 10,94,83,767 equity shares held by the promoters stood pledged. The promoters confirmed that the details of encumbrances created by way of pledge over their equity shares had been disclosed to the Stock Exchanges during the financial year ended March 31, 2026, in compliance with applicable regulations. Furthermore, they stated that no additional encumbrance had been created directly or indirectly during that financial year, save for those already disclosed.
The promoter group shareholding structure as on March 31, 2026, is detailed below:
| Name | Category | Total number of Shares held | Percentage Shareholding |
|---|---|---|---|
| JOSEPH SUDHEER REDDY THUMMA | Promoter | 211466356 | 35.899% |
| JAGAN MOHAN REDDY THUMMA | Promoter | 47000000 | 7.979% |
| INNAMMATHUMMA | Promoter Group | 25292980 | 4.294% |
| DENNISREDDYTHUMMA | Promoter Group | 34141740 | 5.796% |
| BOYAPATI INNA REDDY | Promoter Group | 437760 | 0.074% |
MCLOUD Stock Price Movement
Magellanic Cloud Limited shares rallied today, closing higher by 4.50% to settle at ₹23.22. The equity saw significant activity, processing a total traded volume of 1.72 million shares during the session.Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.