Magellanic Cloud Board Approves ₹492 Crore Preferential Issue and Subsidiary Merger

Board approved preferential allotment of 3.74 Cr equity shares and 12.67 Cr convertible warrants at Rs 30 each, aggregating ~Rs 492 Cr. Approved scheme of amalgamation of wholly-owned subsidiary IVIS International (FY26 turnover Rs 1,142.5 Cr, net worth Rs 1,807.1 Cr) with the Company. EGM on July 24, 2026.