Magellanic Cloud Limited's promoter group has disclosed an additional pledge of 10 lakh shares, which is 1.5% of the company's total equity.

This transaction pushes the promoter's total pledged holding to 9.0% of the company's shares, up from 7.5% previously.

Pledging shares generally indicates that promoters are using their shares as collateral for financing.

Investors often monitor pledging levels as they can reflect promoter liquidity or financing needs.