Magellanic Cloud Limited (MCLOUD) has responded to queries from the Bombay Stock Exchange and the National Stock Exchange regarding deficiencies observed in the financial results submitted on May 26, 2026. The company clarified that the Earnings Per Share (EPS) figures were corrected due to an inadvertent inclusion of non-annualised EPS in the earlier Standalone and Consolidated XBRL filings. Additionally, figures for Profit Before Tax (PBT), Profit After Tax (PAT), Paid-up Equity Share Capital, Reserves (excluding revaluation reserve), and Cash Flow Statement have been revised and resubmitted in the Consolidated and Standalone XBRL financial results. Furthermore, MCLOUD addressed the non-submission of a declaration for unmodified audit opinions. The company confirmed that the statutory auditors, SGCO & CO LLP, issued an audit report with an unmodified opinion for the financial year ended March 31, 2026. The company inadvertently missed filing the declaration and has now attached it as Annexure-I, in compliance with Regulation 33(3)(d) of SEBI (LODR) Regulations, 2015. The Chairman and Managing Director, Joseph Sudheer Reddy Thumma, signed the declaration.
