Issue of Preferential Shares and Warrants
FUNDRAISE
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 25 Jun 2026, 08:18 PM IST · BSE ID: 449add7a-00c0-439e-9582-092734a18565
View Original BSE Filing (PDF)
💡
In Simple Terms
The company plans to raise over Rs. 492 crore by issuing shares and warrants, and is merging with another firm.
🤖 AI Summary
- Magellanic Cloud approved issuing 3,74,28,573 Equity Shares and 12,67,00,000 Convertible Warrants.
- The equity issuance targets Rs. 112,28,57,190, while warrants aim to raise Rs. 380,10,00,000.
- Board also approved merger of IVIS International Private Limited with the company.
- Extra Ordinary General Meeting scheduled for July 24, 2026, for shareholder approvals.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Equity Shares to be issued
3,74,28,573
Issue Price per Equity Share
Rs. 30/- each
Aggregate amount from Equity Shares
Rs. 112,28,57,190/-
Convertible Warrants to be issued
12,67,00,000
Issue Price per Convertible Warrant
Rs. 30/- each
Aggregate amount from Convertible Warrants
Rs. 380,10,00,000/-
Loan/Guarantee/Security limit for subsidiaries
Rs. 150,00,00,000/- each
Extra Ordinary General Meeting Date
July 24, 2026
Scheme of Amalgamation Appointed Date
April 1, 2026
🏢 How This Affects the Company
The capital raise is intended to fund the company's operations and growth initiatives. The proposed merger could consolidate operations and potentially create synergies.
The equity issuance and warrant exercise will inject significant capital into the company, strengthening its balance sheet. The merger will impact the combined entity's financial statements.
The capital infusion may support expansion of services or technology development. The merger will require integration of operations between Magellanic Cloud and IVIS International.
The need for shareholder and regulatory approvals for the capital raise and merger introduces execution risk. Increased shareholding by promoters/non-promoters via warrants needs monitoring.
👥 What This Means For Shareholders
✅
Action Required
Shareholders are required to attend the Extra Ordinary General Meeting on July 24, 2026, to vote on the proposed capital raise and merger.
👤
Who Is Affected
All shareholders are affected by the potential dilution from the equity share issuance and warrant allotment. Non-promoters and promoter/promoter group are eligible for these instruments.
🔍
Management Signal
Management is signaling a strong intent to raise capital and consolidate operations through strategic financial and corporate actions.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Outcome of EGM on July 24, 2026 for shareholder approvals.
Regulatory approvals for preferential allotment and merger completion.
Company's future utilization of the raised capital.
MEDIUM RISK
Capital raise and merger are subject to approvals; execution risk is present.
💡 Investor Takeaway
Magellanic Cloud approved issuing 3,74,28,573 equity shares for Rs. 112,28,57,190 and 12,67,00,000 warrants for Rs. 380,10,00,000. A merger with IVIS International is also planned.
⚖️ Strengths & Concerns
✅ Positives
- Company plans to raise Rs. 112,28,57,190 through preferential allotment of 3,74,28,573 equity shares.
- A total of 12,67,00,000 Convertible Warrants are to be issued at Rs. 30 each, targeting Rs. 380,10,00,000.
⚠️ Concerns
- The capital raise and merger are subject to shareholder approval at an EGM on July 24, 2026.
- Significant dilution can occur upon exercise of 12,67,00,000 warrants, impacting earnings per share.
📅 Company Track Record
Magellanic Cloud was formerly known as South India Projects Limited. The company's registered office is in Hyderabad, Telangana.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the total amount Magellanic Cloud plans to raise through equity shares and warrants?
Magellanic Cloud plans to raise Rs. 112,28,57,190 through equity shares and Rs. 380,10,00,000 through convertible warrants.
How many equity shares and warrants will Magellanic Cloud issue?
The company will issue 3,74,28,573 Equity Shares and 12,67,00,000 Convertible Warrants.
What is the proposed merger involving Magellanic Cloud?
Magellanic Cloud has approved the Scheme of Amalgamation of IVIS International Private Limited with itself, effective from April 1, 2026.
When is the Extra Ordinary General Meeting for Magellanic Cloud's shareholder approvals?
The Extra Ordinary General Meeting is scheduled to be convened on Friday, July 24, 2026.
Questions based on this BSE filing only. For information purposes.