Ravi Janarthanan Resigns from Magellanic Cloud Ltd Board of Directors
Magellanic Cloud Ltd has announced that Mr. Ravi Janarthanan, an Additional Non-Executive, Non-Independent Director, has tendered his resignation from the company's Board of Directors.The change in directorship is effective from June 03, 2026. The resignation was stated to be due to personal reasons and other preoccupations, according to the company.
Magellanic Cloud Ltd noted that Mr. Janarthanan’s departure would mark his cessation as a director of the company. The Board of Directors and management expressed sincere appreciation for the valuable guidance, contribution, and support provided by Mr. Ravi Janarthanan during his tenure with Magellanic Cloud Limited.
Mr. Janarthanan confirmed his resignation from the position of Additional Non-Executive, Non-Independent Director, expressing gratitude to the Company and fellow Board Members for their cooperation. He further confirmed that he would remain responsible for all liabilities and obligations incurred during his directorship up to the effective date of his resignation.
MCLOUD Stock Price Movement
Shares of Magellanic Cloud Limited are shedding value as of 11:29 AM, dipping 0.55% to trade at ₹25.45. The stock has seen a trading volume of 545,995 shares so far in the live market.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.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.