Magellanic Cloud Ltd

Provigil Surveillance Limited, a wholly owned subsidiary of Magellanic Cloud Limited, has received a Letter of Acceptance (LOA) from South Central Railway, Vijayawada Division for a contract valued at ₹6,25,19,418.88. The project involves the deployment of advanced surveillance systems at KVR, GVN, and Rajahmundry railway stations for Godavari Pushkaram-2027, along with the replacement and augmentation of Video Surveillance Systems (VSS) at multiple stations and installation of video recording systems in Relay Rooms and Station Master Rooms across the Vijayawada Division. The scope includes IP-based CCTV, NVRs, and associated S&T infrastructure. This order strengthens the company's position in the railway surveillance segment and highlights growing confidence from government entities.

Magellanic Cloud Ltd has announced an Extra-Ordinary General Meeting (EGM) to be held on July 24, 2026, via Video Conferencing. The primary agenda is to approve the preferential issue of 3,74,28,573 equity shares and 12,67,00,000 convertible warrants. The issue price for equity shares is set at ₹30 per share, including a premium of ₹28. The meeting will also cover e-voting procedures, with the cut-off date on July 17, 2026, and e-voting commencing on July 21, 2026, and concluding on July 23, 2026. The company, formerly South India Projects Limited, is seeking member approval for this significant capital raise.

Magellanic Cloud Limited's wholly-owned subsidiary, IVIS International Private Limited, has received a Letter of Intent (LOI) from Manappuram Finance Limited for AI-powered e-surveillance services. The proposed engagement involves deploying an end-to-end security solution, including supply, installation, and centralized monitoring, across over 1,000 Manappuram Finance branches. This initiative leverages IVIS' proprietary AI platform for intelligent surveillance and proactive security management. While the LOI is non-binding, it signifies a significant expansion for Magellanic Cloud in the BFSI sector. Definitive agreements and purchase orders will formalize the project scope and terms.

Magellanic Cloud's wholly-owned subsidiary, IVIS International Private Limited, has received a Letter of Intent (LOI) from Manappuram Finance Limited for AI-powered e-surveillance services. The engagement involves the supply, installation, commissioning, centralized monitoring, and maintenance of security infrastructure across over 1,000 Manappuram Finance branches. IVIS will deploy its AI-powered Command & Control Centre platform for intelligent surveillance, real-time monitoring, and automated alert handling. This LOI is a non-binding milestone, with definitive agreements and purchase orders pending. The deal strengthens IVIS' presence in the BFSI segment and highlights confidence in its AI-enabled security capabilities.

Magellanic Cloud Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will be shut from July 1, 2026, and will reopen 48 hours after the declaration of the Unaudited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026, along with the Limited Review Report. The date of the board meeting to consider these results will be communicated later. The company will make this information available on its website.

Magellanic Cloud Limited's Board of Directors met on June 25, 2026, approving several key proposals. These include increasing the aggregate ceiling for NRI/OCI investment to 24%, subject to member and regulatory approvals. The company also decided to issue 3,74,28,573 Equity Shares to Non-Promoters and 12,67,00,000 Convertible Warrants to Promoters/Non-Promoters on a preferential basis to raise additional capital. Furthermore, the board approved providing loans/guarantees/security up to ₹150 crore each to its subsidiaries: MCRAY Xtend India Private Limited, Scandron Private Limited, and Motivity Labs Private Limited. An Extra Ordinary General Meeting (EGM) is scheduled for July 24, 2026, to seek member approval for these proposals. The board also noted the Scheme of Amalgamation of IVIS International Private Limited with Magellanic Cloud Limited, with an appointed date of April 1, 2026. The amalgamation, where the transferee company holds all shares of the transferor company, will not involve the issuance of new shares by the transferee company.

Magellanic Cloud Limited's Board of Directors approved the issuance of 3,74,28,573 Equity Shares and 12,67,00,000 Convertible Warrants to raise additional capital. The company also approved an increase in the aggregate ceiling for NRI/OCI investment from 10% to 24%. Additionally, the board approved a loan/guarantee facility of up to ₹150 Crores for its subsidiaries and the amalgamation scheme of IVIS International Private Limited with Magellanic Cloud Limited. An Extra Ordinary General Meeting (EGM) is scheduled for July 24, 2026, to seek member approval for these proposals.

Magellanic Cloud Limited's Board of Directors has approved the issuance of 3,74,28,573 Equity Shares and 12,67,00,000 Convertible Warrants to raise additional capital. The company also decided to increase the aggregate ceiling for NRI/OCI investment to 24%. Additionally, the Board approved a scheme of amalgamation with IVIS International Private Limited, with an appointed date of April 1, 2026. The company will also provide loans/guarantees up to ₹150 crore each to its subsidiaries. An Extra Ordinary General Meeting (EGM) is scheduled for July 24, 2026, to seek member approval for these proposals.

Magellanic Cloud Limited's Board of Directors met on June 25, 2026, approving several key resolutions. These include increasing the aggregate ceiling for NRI (Repatriable) and OCI investments to 24%, subject to member approval. The company also decided to issue 3,74,28,573 Equity Shares and 12,67,00,000 Convertible Warrants on a preferential basis to raise capital. Additionally, the board approved providing loans/guarantees/security up to ₹150 Crores each to its subsidiaries: MCRAY Xtend India Private Limited, Scandron Private Limited, and Motivity Labs Private Limited. An Extra Ordinary General Meeting (EGM) is scheduled for July 24, 2026, to seek member approval for these proposals. The board also approved the Scheme of Amalgamation of IVIS International Private Limited with Magellanic Cloud Limited, with an appointed date of April 1, 2026.

Magellanic Cloud Ltd announced that its wholly owned subsidiary, Provigil Surveillance Limited, has secured a Letter of Acceptance (LOA) from East Central Railway, Dhanbad Division. The contract, valued at approximately INR 3.13 Crore, involves the modernization of the Passenger Reservation System (PRS) network, upgrading telecom connectivity using GPON technology, and associated Signaling & Telecommunication (S&T) works. The project scope includes deploying telecom networking infrastructure, GPON fiber connectivity, and CCTV surveillance systems. This order is expected to strengthen the company's position in the railway technology sector, particularly in telecom, networking, and surveillance infrastructure. The contract is to be executed over 48 months. Neither the promoter nor group companies have any interest in the awarding entity, and it does not constitute a related party transaction.