Magellanic Cloud

Provigil Surveillance, a wholly owned subsidiary of Magellanic Cloud, emerged as the lowest bidder for a Bank of Maharashtra tender to provide e-surveillance across more than 1,550 sites for about Rs115 crore. The scope covered supply, installation and commissioning of e-surveillance systems and operation of a round-the-clock central monitoring station, with the award remaining subject to a formal order. Provigil's recent railway orders ranged between about Rs3 crore and Rs8 crore, while larger banking and energy orders ran between about Rs12 crore and Rs18 crore, including work for Punjab National Bank and GAIL. Magellanic Cloud reported consolidated revenue of about Rs698 crore in the year to March, with information technology services accounting for about four-fifths and surveillance for about one-fifth. Provigil undertakes supply, installation, testing, commissioning and maintenance work for public-sector and railway customers.

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Magellanic Cloud's wholly owned subsidiary Provigil Surveillance received a letter of acceptance worth Rs29.13 crore from Northern Railway's Moradabad division for provision of CCTV across stations between LRJ-HW and HW-RKSH for Kumbh Mela 2027. The scope covered supply, installation, testing and commissioning of IP-based cameras, video management system, recording servers and storage, video analytics and face recognition, workstations and networking, alongside command and control centre, network management and firewall components. The work was scheduled for completion in three months, with a comprehensive annual maintenance contract for five years after the warranty period. The award followed a cluster of railway surveillance orders ranging from Rs3.13 crore to Rs7.92 crore, alongside larger awards including a Rs12.76 crore order from GAIL and an Rs18.4 crore five-year order for Punjab National Bank ATM sites. The company reported consolidated revenue of about Rs698 crore in FY26, with IT and IT-enabled services accounting for about four-fifths and e-surveillance for about one-fifth.

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Sept 7 (Reuters) - Magellanic Cloud Ltd MAGL.NS:

• UNIT RECEIVES LOA FOR ORDER WORTH 34.9 MILLION RUPEES

Source text: ID:nBSE7ZJ1wl

Further company coverage: MAGL.NS

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Magellanic Cloud appointed Pratik Harishbhai Bhatt, Sameer Rajkumar Lalwani, Jyoti Chauhan and Sunil Suri as senior management personnel with effect from September 1, 2026. Bhatt was associated as chief financial officer, Lalwani as company secretary and compliance officer, Chauhan as director of human resources and Suri as head of compliance and audit. The appointments followed the resignation of CFO Sanjay Chauhan in October 2025, which left the position vacant into August 2026. The board also approved notice for the company’s 45th annual general meeting, scheduled for September 30 at noon. Magellanic Cloud generated ₹697.88 crore of operating revenue in FY26, while standalone borrowings stood at ₹283 crore against net worth of ₹261 crore.

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Magellanic Cloud appointed Pratik Harishbhai Bhatt, Sameer Rajkumar Lalwani, Jyoti Chauhan and Sunil Suri as senior management personnel with effect from September 1. Bhatt's profile described him as the company's chief financial officer, while Lalwani, Chauhan and Suri held company roles in secretarial, human-resources and compliance functions respectively. The board also approved notice for the 45th annual general meeting, scheduled for September 30 at noon. The CFO position had remained vacant since October 2025, while the company reported FY26 revenue of ₹697.88 crore.

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Aug 20 (Reuters) - Capri Global Capital Ltd CAPG.NS:

• MAGELLANIC CLOUD LTD - UNIT GETS PURCHASE ORDER FROM CAPRI GLOBAL CAPITAL

Source text: ID:nnAZN4TFBED

Further company coverage: CAPG.NS

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Aug 19 (Reuters) - Magellanic Cloud Ltd MAGL.NS:

• MAGELLANIC CLOUD - EXPECTS TO BUILD FURTHER ON ORDER MOMENTUM THROUGH BALANCE OF FY27

Further company coverage: MAGL.NS

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Aug 18 (Reuters) - Magellanic Cloud Ltd MAGL.NS:

• MAGELLANIC CLOUD LTD- GETS ORDER WORTH 89 MILLION RUPEES

Source text: ID:nnAZN4TEXU8

Further company coverage: MAGL.NS

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IVIS International, a wholly owned subsidiary of Magellanic Cloud, received multiple purchase orders worth about ₹18.4 crore from NCR Corporation India for e-surveillance across Punjab National Bank ATM sites. The orders included capex and opex components and ran for five years. E-surveillance contributed about ₹162 crore to the group’s FY26 revenue through IVIS and Provigil. Recent e-surveillance orders recorded for the group generally ranged from ₹3 crore to ₹13 crore, while Magellanic Cloud reported consolidated FY26 revenue of ₹694.76 crore.

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Aug 6 (Reuters) - Magellanic Cloud Ltd MAGL.NS:

• GETS ORDER WORTH 121.3 MILLION RUPEES

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Magellanic Cloud's subsidiary Provigil Surveillance secured a ₹12.76 crore purchase order from GAIL (India) Limited for an integrated e-surveillance system across GAIL's NCR network. The contract was awarded through the Government e-Marketplace and marks the company's entry into the oil and gas sector. Provigil had previously focused on railway and public safety surveillance, with recent orders from South Central Railway and other divisions typically valued between ₹3 crore and ₹8 crore. Magellanic Cloud's consolidated revenue for the year to March 2026 was ₹694.76 crore, with the e-surveillance segment contributing ₹162 crore.

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Magellanic Cloud's wholly owned subsidiary Provigil Surveillance received a ₹12.76 crore purchase order from GAIL (India) Limited for the deployment of an integrated e-surveillance system across GAIL’s NCR operations network. It is the company’s first contract in the oil and gas sector, expanding its surveillance footprint beyond railways and other government segments. Magellanic Cloud’s public‑sector e-surveillance order book exceeded ₹200 crore at the end of FY26, built largely through repeat orders from Indian Railways divisions. Consolidated revenue was ₹694.76 crore in the year to March 2026, with e‑surveillance contributing roughly 23%.

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July 30 (Reuters) - GAIL (India) Ltd GAIL.NS:

• MAGELLANIC CLOUD LTD - UNIT GETS ORDER WORTH 127.6 MILLION RUPEES FROM GAIL

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Motivity Labs Inc., a US-based IT services subsidiary of Magellanic Cloud Ltd., secured multiple purchase orders from Google LLC aggregating approximately USD 1.21 million. The orders cover data engineering, analytics, and program management solutions and run over an unspecified contract period. It is the company's first disclosed engagement with a global technology major, sitting within the IT/ITES vertical that generated about 75% of Magellanic Cloud's consolidated revenue of ₹694.76 crore in the year to March 2026. The group has been diversifying beyond its anchor IT services into e-surveillance and drones, where its public-sector order book already exceeds ₹200 crore. Motivity Labs has historically served mid-market and domestic clients; the Google relationship marks an entry into large-scale enterprise accounts.

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July 29 (Reuters) - Magellanic Cloud Ltd MAGL.NS:

• MAGELLANIC CLOUD LTD - UNIT GETS PURCHASE ORDERS FROM GOOGLE LLC WORTH ABOUT $1.21 MILLION

Source text: ID:nnAZN4TAHDF

Further company coverage: MAGL.NS

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July 13 (Reuters) - Magellanic Cloud Ltd MAGL.NS:

• UNIT RECEIVES LOA FOR CONTRACT WORTH 69.3 MILLION RUPEES

Source text: ID:nNSE5zn3Sp

Further company coverage: MAGL.NS

(Reporting by Payel Das)

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July 6 (Reuters) - Magellanic Cloud Ltd MAGL.NS:

• UNIT RECEIVES ORDER WORTH 62.5 MILLION RUPEES

Source text: ID:nBSE6D5T8k

Further company coverage: MAGL.NS

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Magellanic Cloud's subsidiary IVIS International has received a Letter of Intent from Manappuram Finance to provide outsourced AI-powered command-and-control centre e-surveillance across the gold loan company's branch network. The proposed engagement covers supply, installation, commissioning, centralized monitoring, and maintenance of security infrastructure—including vault operations monitoring—for approximately 1,000+ branches in a phased rollout. IVIS's AI platform will handle real-time event monitoring, automated alerts, and end-to-end maintenance. The LOI is non-binding and does not constitute a financial commitment; definitive agreements and purchase orders have yet to be executed, and no contract value was disclosed. Manappuram Finance is one of India's largest gold loan institutions, and the LOI strengthens IVIS's presence in the BFSI segment.

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Magellanic Cloud's board on June 25 approved a preferential allotment of 3.74 crore equity shares at ₹30 each and 12.67 crore convertible warrants at the same price, raising up to ₹492 crore. The placement will cause potential dilution of more than 27% on a fully converted basis, with 42 investors including non-promoter individuals, corporates, and promoter group entities participating. The board also cleared a scheme to merge its wholly owned subsidiary IVIS International into the parent, effective April 1, 2026. IVIS, which provides surveillance and monitoring services, reported standalone revenue of ₹1,142 crore in FY26, exceeding Magellanic Cloud's own standalone turnover of ₹1,020 crore. The merger requires NCLT approval and will not involve any share issuance, leaving the shareholder base unchanged.

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** Shares of Magellanic Cloud MAGL.NS jump as much as 7.74%; last up 3.27% at 32.57 rupees

** Co says board will meet on June 25 to consider issuing equity shares or convertible warrants on a preferential basis to raise funds

** Fund-raising proposal will be subject to regulatory and shareholder approvals

** Trading volume at 26.45 million shares, more than 3x 30-day average

** YTD stock up about 25%

(Reporting by Surbhi Misra in Bengaluru)

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Magellanic Cloud disclosed that Sanjay M. Chauhan acquired 14.28 million equity shares, representing a 2.42% stake in the company, through open market purchases. The acquisition occurred on June 16, 2026, and the acquirer is not part of the promoter group. The shares were acquired on BSE and NSE, adding a notable non-promoter shareholder.

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June 2 (Reuters) - Magellanic Cloud Ltd MAGL.NS:

• MAGELLANIC CLOUD - UNIT RECEIVES CONTRACT FROM EAST COAST RAILWAY VALUED AT 97.2 MILLION RUPEES

Source text: ID:nBSEb67nTG

Further company coverage: MAGL.NS

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June 1 (Reuters) - Magellanic Cloud Ltd MAGL.NS:

• MAGELLANIC CLOUD - GETS CONTRACT VALUED AT ABOUT 76.4 MILLION RUPEES

Source text: ID:nBSE92MXYK

Further company coverage: MAGL.NS

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May 29 (Reuters) - Magellanic Cloud Ltd MAGL.NS:

• MAGELLANIC CLOUD - UNIT RECEIVES ORDER FROM SOUTH CENTRAL RAILWAY FOR 76.4 MILLION RUPEES

Source text: ID:nBSE7hgLNF

Further company coverage: MAGL.NS

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May 26 (Reuters) - Magellanic Cloud Ltd MAGL.NS:

• MAGELLANIC CLOUD MARCH-QUARTER CONSOL PAT 302.7 MILLION RUPEES

• MAGELLANIC CLOUD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 2.06 BILLION RUPEES

Source text: ID:nBSE1xlV0v

Further company coverage: MAGL.NS

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May 11 (Reuters) - Magellanic Cloud Ltd MAGL.NS:

• MAGELLANIC CLOUD LTD - UNIT RECEIVES LOA FROM SOUTH-WESTERN RAILWAY FOR 35.9 MILLION RUPEES

Source text: ID:nBSE4yyQDV

Further company coverage: MAGL.NS

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April 29 (Reuters) - Magellanic Cloud Ltd MAGL.NS:

• MAGELLANIC CLOUD LTD - ANNOUNCES $11 MILLION UAV JOINT VENTURE IN INDIA

Source text: ID:nBSEbDJNkJ

Further company coverage: MAGL.NS

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April 28 (Reuters) - Magellanic Cloud Ltd MAGL.NS:

• MAGELLANIC CLOUD LTD - ENTERS STRATEGIC INVESTMENT AND COLLABORATION AGREEMENT WITH RAYONIX TECH

• MAGELLANIC CLOUD LTD - SIZE OF AGREEMENT UP TO 1.50 BILLION RUPEES

Source text: ID:nBSE6s9zXD

Further company coverage: MAGL.NS

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March 25 (Reuters) - Magellanic Cloud Ltd MAGL.NS:

• UNIT RECEIVES CONTRACT FROM CENTRAL RAILWAY WORTH APPROX 20 MILLION RUPEES

Source text: ID:nBSES3kHy

Further company coverage: MAGL.NS

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March 24 (Reuters) - Magellanic Cloud Ltd MAGL.NS:

• UNIT SECURES 250 MILLION RUPEES+ PURCHASE ORDER

Source text: ID:nNSE9bcrw

Further company coverage: MAGL.NS

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