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Magellanic Cloud Limited, formerly South India Projects Limited, announced the appointment of Pratik Harishbhai Bhatt as Senior Management Personnel, along with Jyoti Chauhan, Sunil Suri and Sameer Rajkumar Lalwani, at a board meeting held on September 1, 2026. The company also disclosed the notice convening its 45th Annual General Meeting scheduled for September 30, 2026, at 12:00 noon (IST).

Magellanic Cloud Limited, formerly South India Projects Limited, announced the appointment of Pratik Harishbhai Bhatt as Senior Management Personnel, along with Sameer Rajkumar Lalwani, Jyoti Chauhan, and Sunil Suri, at a board meeting held on September 1, 2026. The company also announced the convening of its 45th Annual General Meeting on September 30, 2026, at 12:00 noon IST, and disclosed brief profiles for the newly appointed personnel, including Bhatt`s experience in finance, Lalwani`s expertise in corporate law, Chauhan`s background in human resources, and Suri`s leadership in IT governance and compliance.

Magellanic Cloud Limited, formerly known as South India Projects Limited, informed the BSE and National Stock Exchange of India that it has received observations from the NSE regarding the details of Ultimate Beneficial Owners of Balaji Malts Private Limited, resulting in an amendment to the list disclosed in the company’s June 25, 2026, Notice and July 20, 2026, Corrigendum, with Prasun Jodhani, Nirmal Kumar Jodhani, Sangita Jodhani, and Anita Jodhani now identified as Ultimate Beneficial Owners of Balaji Malts Private Limited alongside Saket Jodhani and Jodhani Papers Private Limited.

Magellanic Cloud Limited, formerly known as South India Projects Limited, clarified that proceeds from the preferential issue of 3,69,28,573 equity shares and 12,67,00,000 convertible warrants, approved by shareholders on July 24, 2026, will be utilized to invest Rs 150 crore in its newly incorporated subsidiary, MCRAY Xtend India Private Limited, for a drone manufacturing facility with technology from Xtend (Israel Company), Rs 100 crore for working capital, Rs 50 crore for repayment of borrowings, Rs 75 crore for research and development of drone technologies, Rs 100 crore for general corporate purposes, and Rs 15.89 crore for acquisition for inorganic growth opportunities.

Magellanic Cloud Limited, formerly known as South India Projects Limited, will hold a board meeting on Friday, August 14, 2026, to approve the unaudited standalone and consolidated financial results along with a limited review report for the quarter ended June 30, 2026, the company said in a filing. The trading window for dealing in the company`s securities has been closed since Wednesday, July 1, 2026, and will remain closed until 48 hours after the financial results are declared.