ALPHA TRIBE

Magellanic Cloud LimitedPledging, 08-07-2025: Pledge/Unpledge

08-07-2025 | 11:45 am

Jagan Mohan Reddy Thumma, promoter of Magellanic Cloud Limited, created a pledge over 1.12 crore shares (1.92% of total share capital) on 30th June 2025 as collateral for loans. These pledged shares include 19.5 lakh shares (0.33%) pledged in favor of Bikewin Trading Private Ltd. Post-transaction, Jagan Mohan Reddy Thumma’s encumbered holding stands at 1.12 crore shares (1.92%). Other key shareholders like Joseph Sudheer Reddy Thumma and Dennis Reddy Thumma have no recent pledge/unpledge activity disclosed. This development is relevant for investors monitoring promoter share encumbrance levels.

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