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Magellanic Cloud MD, chairman, board of directors and AGM

NSE: MCLOUDBSE: 538891IT - SoftwareSmall Cap

Last close ₹23.22down ₹1.14 (4.68%)BSE ₹23.20

Share price at the NSE close on 23 Oct 2026. Previous close ₹24.36.

52-week range of traded prices to 23 Oct 2026
₹19.40Low, 30 Mar 2026₹68.68High, 20 Nov 2025
Market cap
₹1,368 Cr1,290th largest listed
P/E
12.3
P/B
2.0
Dividend yield
Nonein the last 12 months
ROE
18.4%
ROCE
16.1%
Debt to equity
0.41
Volume, NSE
13,85,95041.9% delivered

Magellanic Cloud board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorJoseph Sudheer Reddy ThummaRelated to the promoter
  • Managing directorJagan Mohan Reddy Thumma

10 directors6 independent4 executive

  • Joseph Sudheer Reddy Thumma · Chairperson and managing directorExecutive · joined Dec 2015 · reappointed Jul 2024 · 1 listed board
  • Jagan Mohan Reddy Thumma · Managing directorExecutive · joined Dec 2015 · reappointed Sep 2023 · 1 listed board
  • Carwin HeiermanExecutive · joined May 2019 · reappointed Jul 2024 · 1 listed board
  • Robert Alan Forbes JrIndependent · joined Aug 2019 · reappointed May 2024 · 82 months as independent · 1 listed board · 1 as independent
  • Elisha ThatisettyIndependent · joined Aug 2019 · reappointed Jul 2024 · 82 months as independent · 1 listed board · 1 as independent
  • Amita Sachin KariaIndependent · joined Sep 2025 · 9 months as independent · 4 listed boards · 4 as independent · 8 committee seats, 2 as chair
  • Priyanka Dharmesh PandeyIndependent · joined Sep 2025 · 9 months as independent · 2 listed boards · 2 as independent · 2 committee seats
  • Mayank Mahendra ShuklaIndependent · joined Sep 2025 · 9 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Ameeruddin SyedExecutive · joined Feb 2026 · 1 listed board
  • Narasimha Rao ChunduIndependent · joined Feb 2026 · 4 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

2 directors who left
  • Ravi Janarthanan, left 3 Jun 2026: Others
  • Nikitha Tiparnapally, left 25 Feb 2026: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 25 Jun 20269 of 10 present5 independent · 29 days in between
    • 26 May 20268 of 11 present4 independent · 44 days in between
    • 11 Apr 20268 of 11 present5 independent · 17 days in between
    • 24 Mar 20269 of 10 present4 independent · 27 days in between
    4 earlier meetings
    • 24 Feb 20269 of 11 present3 independent · 14 days in between
    • 9 Feb 20269 of 11 present4 independent · 26 days in between
    • 13 Jan 20265 of 9 present3 independent · 3 days in between
    • 9 Jan 20265 of 9 present3 independent

  • Audit Committee

    Chair Narasimha Rao Chundu

    Amita Sachin Karia, Priyanka Dharmesh Pandey, Mayank Mahendra Shukla

    • 24 Jun 20264 of 4 present4 independent · 29 days in between
    • 25 May 20263 of 3 present3 independent · 62 days in between
    • 23 Mar 20262 of 3 present2 independent · 41 days in between
    • 9 Feb 20263 of 3 present3 independent

  • Nomination and remuneration committee

    Chair Narasimha Rao Chundu

    Amita Sachin Karia, Priyanka Dharmesh Pandey, Mayank Mahendra Shukla

    • 10 Apr 20263 of 3 present3 independent · 90 days in between
    • 9 Jan 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Narasimha Rao Chundu

    Amita Sachin Karia, Priyanka Dharmesh Pandey, Mayank Mahendra Shukla

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Narasimha Rao Chundu

    Amita Sachin Karia, Priyanka Dharmesh Pandey, Mayank Mahendra Shukla

    • 9 Feb 20263 of 3 present3 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • SGCO & CONo peer-review certificate stated
1 earlier auditor
  • M/S SGCO & Co.LLPNamed in the filing for the quarter to Mar 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Magellanic Cloud AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Magellanic Cloud dividend history

Annual general meeting, 30 Sep 2026

1,06,577 shareholders on the register on 23 Sep 2026; present: 2 promoters and 69 others; votes counted by Deep Shukla / Deep Shukla & Associates, Company Secretaries.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (Standalone & Consolidated) of the Company for the financial year ended on March 31, 2026, together with the Reports of the Board of Directors and Auditor's thereon.MoreLess
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.29%

    Turnout: all 63.57% · promoters 100.00% · institutions 1.91% · other public 20.83%

  2. To appoint a director in place of Mr. Carwin Heierman (DIN: 08458981), Executive Director, who retires by rotation, and being eligible, offers himself for re-appointment and in this regard
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.29%

    Turnout: all 63.57% · promoters 100.00% · institutions 1.91% · other public 20.83%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 24 Jul 2026, 3 resolutions

1,09,506 shareholders on the register on 17 Jul 2026; present: 2 promoters and 66 others; votes counted by Deep Shukla / Deep Shukla & Associates, Company Secretaries.The company's voting result (opens in a new tab)

  1. Issue of 3,69,28,573 Equity Shares and 12,67,00,000 Convertible Warrants on Preferential Basis
    Special
    90.22% for9.78% against

    Against: promoters 0.00% · institutions 100.00% · other public 39.52%

    Turnout: all 71.80% · promoters 100.00% · institutions 3.62% · other public 38.83%

  2. Approval to increase the aggregate ceiling from 10% to 24% with respect to the investment by Non-Resident Indians (Repatriable) and Overseas Citizens of India
    Special
    90.27% for9.74% against

    Against: promoters 0.00% · institutions 0.00% · other public 39.38%

    Turnout: all 71.80% · promoters 100.00% · institutions 3.62% · other public 38.83%

  3. To approve Transactions under Section 185 of the Companies Act, 2013 with: A) MCRAY Xtend India Private Limited B) Scandron Private Limited C) Motivity Labs Private Limited
    SpecialNot passedRecorded as not passed although most votes were for it; no reason is givenPromoters have an interest in it
    60.61% for39.39% against

    Against: promoters 0.00% · institutions 53.73% · other public 39.38%

    Turnout: all 17.76% · promoters 0.00% · institutions 3.62% · other public 38.83%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 3 Feb 2026, 5 resolutions

1,24,925 shareholders on the register on 27 Jan 2026; present: 2 promoters and 65 others; votes counted by Deep Shukla / Deep Shukla & Associates.The company's voting result (opens in a new tab)

  1. To consider and approve the 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 2013MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 66.80% · promoters 100.00% · institutions 0.00% · other public 27.76%

  2. Appointment of Mr. Narasimha Rao Chundu (DIN: 11403461) as an Independent Director of the Company for a term of five years
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 66.80% · promoters 100.00% · institutions 0.00% · other public 27.76%

  3. To raise capital by way of qualified institutional placement to eligible investors through an issuance of equity shares and/or other eligible securities
    Special
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.44%

    Turnout: all 66.80% · promoters 100.00% · institutions 0.00% · other public 27.76%

  4. Appointment of Mr. Ameeruddin Syed (DIN:06419899) as a Whole Time Director of the Company for a term of five years
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 66.80% · promoters 100.00% · institutions 0.00% · other public 27.76%

  5. Re-designation of Mr. Joseph Sudheer Reddy Thumma (DIN: 07033919) as the Chairman and Managing Director (CMD) of the Company for a term of Five years
    SpecialPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 12.76% · promoters 0.00% · institutions 0.00% · other public 27.76%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 23 Sep 2025, 8 resolutions

64,086 shareholders on the register on 12 Sep 2025; present: 2 promoters and 61 others; votes counted by Deep Shukla / M/s. Deep Shukla & Associates.The company's voting result (opens in a new tab)

  1. Adoption of Financial Statements for the year ended 31st March 2025 – Standalone and Consolidated
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 62.16% · promoters 95.47% · institutions 12.25% · other public 15.62%

  2. Declaration of Dividend
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 62.16% · promoters 95.47% · institutions 12.25% · other public 15.62%

  3. Re-appointment of Mr. Joseph Sudheer Reddy Thumma (DIN: 07033919), as a Director liable to retire by rotation
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 62.16% · promoters 95.47% · institutions 12.25% · other public 15.62%

  4. To consider and re-appoint M/s. S G C O & Co LLP, Chartered Accountants as the Statutory Auditors of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 62.16% · promoters 95.47% · institutions 12.25% · other public 15.62%

  5. Appointment of M/s Deep Shukla & Associates as the Secretarial Auditor of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 62.16% · promoters 95.47% · institutions 12.25% · other public 15.62%

  6. Appointment of Ms. Amita Sachin Karia (DIN:07068393) as an Independent Director of the Company for a term of five years
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 62.16% · promoters 95.47% · institutions 12.25% · other public 15.62%

  7. Appointment of Mr. Mayank Mahendra Shukla (DIN:09493952), as an Independent Director of the Companyfor a term of five years
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 7.30% · other public 0.00%

    Turnout: all 62.16% · promoters 95.47% · institutions 12.25% · other public 15.62%

  8. Appointment of Ms. Priyanka Dharmesh Pandey (DIN:10198101), as an Independent Director of the Companyfor a term of five years
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 62.16% · promoters 95.47% · institutions 12.25% · other public 15.62%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 10 Jun 2025, 1 resolution

41,650 shareholders on the register on 3 Jun 2025; present: 1 promoter and 55 others; votes counted by Deep Shukla / Deep Shukla & Associate.The company's voting result (opens in a new tab)

  1. Acquisition of Controlling Stake in Finoux Solutions Private Limited by way of swap of Equity Shares through Preferential Allotment
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 71.47% · promoters 95.47% · institutions 9.14% · other public 38.25%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 3 Feb 2026, 1 fund house

  • To consider and approve the 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 2013MoreLess
    1 for0 against
  • Appointment of Mr. Narasimha Rao Chundu (DIN: 11403461) as an Independent Director of the Company for a term of five years
    1 for0 against
  • To raise capital by way of qualified institutional placement to eligible investors through an issuance of equity shares and/or other eligible securities
    1 for0 against
  • Appointment of Mr. Ameeruddin Syed (DIN:06419899) as a Whole Time Director of the Company for a term of five years
    1 for0 against
  • Re-designation of Mr. Joseph Sudheer Reddy Thumma (DIN: 07033919) as the Chairman and Managing Director (CMD) of the Company for a term of Five years
    1 for0 against

Mutual fund votes, meeting of 23 Sep 2025, 1 fund house

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Adoption of Financial Statements for the year ended 31st March 2025 – Standalone and Consolidated
    1 for0 against
  • Re-appointment of Mr. Joseph Sudheer Reddy Thumma (DIN: 07033919), as a Director liable to retire by rotation
    1 for0 against
  • To consider and re-appoint M/s. S G C O & Co LLP, Chartered Accountants as the Statutory Auditors of the Company
    1 for0 against
  • Appointment of M/s Deep Shukla & Associates as the Secretarial Auditor of the Company
    1 for0 against
  • Appointment of Ms. Amita Sachin Karia (DIN:07068393) as an Independent Director of the Company for a term of five years
    1 for0 against
  • Appointment of Mr. Mayank Mahendra Shukla (DIN:09493952), as an Independent Director of the Companyfor a term of five years
    1 for0 against
  • Appointment of Ms. Priyanka Dharmesh Pandey (DIN:10198101), as an Independent Director of the Companyfor a term of five years
    1 for0 against
1 proposal not matched to one resolution
  • To confirm and declare a final dividend of Rs.0.03 (Three Paise) per equity share representing 1.5% of the face value on each fully paid up equity share of Rs. 2/- of the Company for the financial year ended on March 31, 2025.MoreLess
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Stakes in unlisted companies

Reported in the filing for the quarter to Jun 2026.

  • Unlisted stake heldMCRAY XTEND INDIA PRIVATE LIMITEDSince 13 May 2026

    0.00% bought in the quarter; holding 0.00%, from 0.00%

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.