Scrutinizer''s Report of the Extra Ordinary General Meeting held on Friday, July 24, 2026

July 24, 2026 Bombay Stock Exchange Limited, National Stock Exchange of India Ltd., Dept. of Corporate Services, Dept. of Corporate Services, 14th Floor, P.J. Towers, Dalal Street, Exchange Plaza, Bandra- Kurla Complex, Fort, Mumbai - 400001 Bandra (East), Mumbai - 400051 Scrip Code: 538891/Scrip ID : MCLOUD Symbol: MCLOUD/Series: EQ Sub: Proceedings along with the Consolidated Scrutinizer’s Report of the Extra Ordinary General Meeting of Magellanic Cloud Limited (the “Company”) held on July 24, 2026 Dear Sir/Madam, In terms of the General Circular 03/2025 dated September 22, 2025, other circulars issued by the Ministry of Corporate Affairs (“MCA Circulars”) and relevant circulars issued by Securities and Exchange Board of India (“SEBI Circulars”), (collectively known as “Circulars”), and in compliance with the provisions of the Companies Act, 2013 (the “Act”) and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “Listing Regulations”), the Extra Ordinary General Meeting (“EGM”) of the Company held today i.e. Friday, July 24, 2026 at 12:00 noon (IST) through Video Conferencing (“VC”)/Other Audio Visual Means (“OAVM”) to transact the business as stated in the Notice dated June 25, 2026. Members of the Company have approved the resolutions as set out in the Notice of the EGM with requisite except Resolution No: 3 vIno ttehsis regard, please find enclosed the following: • Summary of the proceedings of the EGM of the Company as required under Regulation 30 read with Part A of Schedule III of the Listing Regulations - Annexure A. • Report of the Scrutinizer dated July 24, 2026, pursuant to Section 108 of the Act and Rule 20 of the Companies (Management and Administration) Rules, 2014 – Annexure B. The EGM concluded at 12:21 p.m. (IST). The Proceedings of the EGM and Voting Results along with the Scrutinizer’s Report dated July 24, 2026, will also be made available on the Company's website at www.magellanic-cloud.com This is for your information and records. Thanking You, Yours Faithfully, For Magellanic Cloud Limited Sameer Rajkumar Lalwani Company Secretary & Compliance Officer Membership no. 57275 MAGELLANIC CLOUD LIMITED Formerly known as South India Projects Limited CIN: L72100TG1981PLC169991 Registered Office: 6th Floor, Dallas Center, 83/1, Plot No A1 Knowledge City, Rai Durg Hyderabad Rangareddi TG 500032 Telephone No.: 040-46515454 www.magellanic-cloud.com info@magellanic-cloud.com Annexure A PROCEEDINGS OF THE EXTRA-ORDINARY GENERAL MEETING OF THE COMPANY HELD ON FRIDAY, JULY 24, 2026 The Extra Ordinary General Meeting (EGM) of the Members of the Company was held today, i.e. Friday, July 24, 2026 at 12:00 noon (IST) through VC/OAVM to transact the business as stated in the Notice dated June 25, 2026. The EGM was held in compliance with the General Circular 03/2025 dated September 22, 2025, other circulars issued by the Ministry of Corporate Affairs (“MCA”) (“MCA Circulars”) and relevant circulars issued by the Securities and Exchange Board of India (“SEBI Circulars”), (collectively known as “Circulars”), from time to time wherein the companies are allowed to hold EGM through VC, without the physical presence of members at a common venue. Pursuant to the provisions of the Act and the Listing Regulations, Mr Joseph Sudheer Reddy Thumma, Managing Director chaired the Meeting. The requisite quorum being present, the Chairman called the Meeting to order. The Chairman welcomed the shareholders present at the EGM and introduced the Directors on the Board and Key Managerial Personnel (“KMP”) of the Company. The following Directors and KMP attended the EGM: Mr Joseph Sudheer Reddy Thumma : Chairman and Managing Director Mr Jagan Mohan Reddy Thumma : Managing Director Mr Ameeruddin Syed : Whole Time Director Mr Narasimha Rao Chundu : Non-Executive, Independent Director Mr Pratik Harishbhai Bhatt : Chief Financial Officer Mr Sameer Rajkumar Lalwani : Company Secretary & Compliance Officer Further, the representatives of the Statutory Auditors – M/s SGCO & Co, LLP, Chartered Accountants, Secretarial Auditors and Scrutinizer for the EGM – Deep Shukla & Associates, Company Secretaries, were also present at the EGM. The Chairman informed that in accordance with circulars, the EGM was conducted through VC/OAVM. Mr Sameer Lalwani, Company Secretary & Compliance Officer welcomed and informed the Members that the facility of remote e-voting for exercising their voting rights through e-voting platform provided by Central Depository Services (India) Limited ("CDSL") was made available from Tuesday, July 21, 2026, at 09:00 a.m. (IST) to Thursday, July 23, 2026, at 05:00 p.m. (IST) and it was informed that the Members who have not voted through remote e-voting and who have attended this EGM will have an opportunity to cast their votes within 15 minutes post conclusion of the EGM. He further informed that the EGM has been convened through VC facility in compliance with the regulatory requirements. The brief points relating to participation at the Meeting through VC were informed and the Company had made necessary arrangements with CDSL to provide facility for voting through remote e voting, e-voting during the EGM and participation in the EGM through VC facility. The Chairman, then addressed the Members and delivered a speech on the details of the proposed transaction and the competitive advantage this strategic investment will provide. MAGELLANIC CLOUD LIMITED Formerly known as South India Projects Limited CIN: L72100TG1981PLC169991 Registered Office: 6th Floor, Dallas Center, 83/1, Plot No A1 Knowledge City, Rai Durg Hyderabad Rangareddi TG 500032 Telephone No.: 040-46515454 www.magellanic-cloud.com info@magellanic-cloud.com Mr Sameer Lalwani informed the members that the following Resolution set out in the notice convening the EGM was put to vote by remote e-voting and e-voting during the EGM: Sr No Details of Agenda Resolution required (Ordinary / Special) 1 Issue of 3,69,28,573 Equity Shares and 12,67,00,000 Convertible Warrants Special on Preferential basis 2 Approval to increase the aggregate ceiling from 10% to 24% with respect Special to the investment by Non-Resident Indians (Repatriable) and Overseas Citizens of India 3 To approve Transactions under Section 185 of the Companies Act, 2013 Special with: A) MCRAY Xtend India Private Limited B) Scandron Private Limited C) Motivity Labs Private Limited Mr Sameer Lalwani invited the Members to express their views, seek clarifications and ask questions on the proposed transaction and related matters. The Chairman appreciated the speaker members for their questions and suggestions. The management responded to all the queries raised by the speaker members. He also thanked the Members for attending and participating in the EGM. Mr Sameer Lalwani informed that the e-voting facility was kept open for 15 minutes post conclusion of EGM to enable the Members to cast their vote. He also thanked the Chairman, Board of Directors, KMP, Shareholders, Auditors, Scrutinizer, Secretarial Team, Finance Team, CDSL Team and all other participants for attending the EGM. The EGM concluded at 12:21 p.m. (IST). The Scrutinizer's Report was received after conclusion of the EGM on July 24, 2026. Thanking You, Yours Faithfully, For Magellanic Cloud Limited Sameer Rajkumar Lalwani Company Secretary & Compliance Officer Membership no. 57275 MAGELLANIC CLOUD LIMITED Formerly known as South India Projects Limited CIN: L72100TG1981PLC169991 Registered Office: 6th Floor, Dallas Center, 83/1, Plot No A1 Knowledge City, Rai Durg Hyderabad Rangareddi TG 500032 Telephone No.: 040-46515454 www.magellanic-cloud.com info@magellanic-cloud.com 0 ~ CDeep Sftukfa ~ Associates Q A-603, Maruti Bhuvan, Parsi Panchayat Road, 9 Opp. Sona Udyog, Andheri East, Mumbai -400069. COMPANY SECRETARIES I('. 022 -3551 8802 11 +91 9594863281 1,-, csoffice@deepshukla.com/deep@deepshukla.com ~ www.deepshukla.c [Showing first 8,000 characters — download PDF for full document]