Magellanic Cloud Ltd

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.