Business Standard

Magellanic Cloud Ltd

BSE : 538891

NSE :

Sector :IT

ISIN Code : INE613C01018

NSE

Not Listed

BSE

602.35
-1.70 (-0.28%)

12:00 AM,14th Jun 2024
Open
612.90
High
612.90
Low
596.95

Board Meeting Outcome for Outcome Of The Board Meeting Of The Company Held On May 13 2024

12:00 AM,14th Jun 2024

In continuation to our letter dated May 08 2024 we wish to inform that the Board of Directors of theCompany at its meeting held today i.e. May 13 2024 have considered and approved the merger of IvisInternational India Private Limited (wholly owned subsidiary) with Magellanic Cloud Limited (holdingcompany) under Section 233 of the Companies Act 2013; subject to the approval of shareholders andother regulatory authorities as may be applicable under the applicable provisions of the CompaniesAct 2013 and the respective rules made thereunder.The detailed disclosure as required Regulation 30 of the SEBI (Listing and Disclosure requirements)Regulations 2015 (as amended from time to time) read with Circular CIR/CFD/CMD/4/2015 datedSeptember 9 2015 is enclosed as Annexure - 1 to this intimation.The meeting of the Board of Directors held today commenced at 05:00 P.M. and concluded at 05:30P.M.