Description
46.72 lakh equity shares of Magellanic Cloud Limited issued on preferential basis to non-promoters listed and permitted to trade with effect from January 28, 2026.
Summary
BSE has announced the listing of 46,72,000 new equity shares of Magellanic Cloud Limited (Scrip Code: 538891) issued on a preferential basis to non-promoters. These shares will be available for trading from January 28, 2026, and are subject to a lock-in period until July 31, 2026.
Key Points
- 46,72,000 equity shares of Rs. 2/- each issued at a premium of Rs. 73/-
- Issue price: Rs. 75/- per share
- Allotment date: November 11, 2025
- Shares issued to non-promoters on preferential basis
- New shares rank pari-passu with existing equity shares
- ISIN: INE613C01026
- Distinguished numbers: 584395121 to 589067120
- All shares subject to lock-in until July 31, 2026
Regulatory Changes
No regulatory changes introduced. This is a standard listing notification.
Compliance Requirements
- Trading members are informed about the new securities listing
- Lock-in restrictions apply to all 46,72,000 shares until July 31, 2026
- Shares cannot be transferred or sold before the lock-in expiry date
Important Dates
- Allotment Date: November 11, 2025
- Trading Commencement: January 28, 2026
- Lock-in Expiry: July 31, 2026
Impact Assessment
This is a routine corporate action with minimal market impact. The preferential allotment increases the paid-up capital of Magellanic Cloud Limited by approximately Rs. 93.44 lakh (46.72 lakh shares at Rs. 2/- each). The lock-in period until July 31, 2026, ensures these shares will not immediately affect market liquidity. The issuance to non-promoters may indicate fundraising for business expansion or working capital requirements.
Impact Justification
Routine listing of preferential allotment shares with standard lock-in period. Limited market impact for a specific company.