Magellanic Cloud has informed that Meeting of the Board of Directors of the Company held today, Thursday, March 02, 2023, at 02.00 pm for which intimation was already given: Approved and taken on record that the company has identified a body corporate which is into drone manufacturing business for the acquisition and that the company had formed a committee which is conducting due diligence of the Target Company. The Board Meeting commenced today at 02:00 pm and concluded at 02.30 pm.
The above information is a part of company’s filings submitted to BSE.
