Magellanic Cloud Share Price

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Magellanic Cloud Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/03/2025 inter alia to consider and approve We wish to inform you that the meeting of the Board of Directors of the Company will be held on Wednesday 26th March 2025 at the Registered office of the Company at 02:30 P.M.1) To consider and take a note that Scheme of Merger of Magellanic Cloud Limited (Transferee Company) with IVIS International Private Limited (Transferor Company) through fast-track route of merger as provided under Section 233 of the Companies Act 2013 that was approved in the 43rd Annual General Meeting of the Company held on 15th July 2024 hereby stands cancelled. The Management of the Company to discuss and approve the terms of Merger once again and shall inform the Stock Exchanges accordingly.2) To consider and approve the Fresh Scheme of Merger of Magellanic Cloud Limited (Transferee Company) and IVIS International Private Limited (Transferor Company) as per the provisions of the Section 233 of the Companies Act 2013 and relevant rules made thereunder along with SEBI Regulations as applicable.

We wish to inform you that Magellanic Cloud Limited has issued a Letter of Intent(LOI) for the acquisition of an Indian-based Fintech company. The estimated purchase price for the acquisition is INR 32 Crores subject to the satisfactory completion of the ongoing due diligence process. The company plans to finalize the Share Purchase Agreement (SPA) on or before March 15th 2025 and final terms and conditions as outlined in the LOI will need to be accepted.We will disclose further details in accordance with SEBI (LODR) Regulation 2015 once the SPA as formalized and all terms are agreed upon.

We wish to inform you that pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015 (the Listing Regulations) we hereby enclose the Media Release for the third quarter ended 31st December 2024.The above is for information and dissemination to the public at large.

We are writing to provide clarification regarding the news published in Hindu Business line on 18 February2025 under headline: Magellanic Cloud to invest Rs.300 cr on acquisitions hires 3400 employees over the next two years. it has come to our attention that the article to our companys plan for acquisition and employee growth. while the information in the report may have caused some confusion we would like to clarify that during recent event held at Taj Deccan Hyderabad on 17th February2025 we discussed our financial results for the quarter ended on 31st December2024. Additionally we also provided updates on our NSE Listing as February 7th 2025 and shared insights on our future aims focusing on organic and inorganic growth including acquisition strategies. This acquisition aligns with our strategic vision for growth and expansion into new markets. However we wish to emphasize that the reported figures in the article were in relation to growth strategy.

The Exchange has sought clarification from Magellanic Cloud Ltd on February 18 2025 with reference to news appeared in https://www.thehindubusinessline.com dated February 18 2025 quoting Magellanic Cloud to invest Rs. 300 crore on acquisitions hire 3400 employees over next two years <BR><BR>The reply is awaited.