Magellanic Cloud Limited — Pledging, 18-11-2025: Pledge/Unpledge

Magellanic Cloud promoter Joseph Sudheer Reddy Thumma has pledged 6.09 crore shares (10.42% of the company's total share capital) on October 28, 2025. These shares, which represent approximately 26.3% of his personal 39.62% holding in the company, were pledged as collateral for loans to entities including Badjate Stock Broking Pvt Ltd, Virtue Financial Services Pvt Ltd, and Minsol Limited. Pledging shares is often seen by investors as a signal of a promoter's need for funds.