Magellanic Cloud Ltd

Dear Madam/SirIn terms of Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations2015 we are enclosing herewith statement of Utilization of issue proceeds as reviewed by AuditCommitteeAudit Committee is of the opinion that there is no need to file Statement of deviation under Regulation 32 (1) as funds are fully utilised for the purpose for which they were raised &. there is no deviation from stated purpose. We are filing this statement voluntarily.