Magellanic Cloud Ltd Share Price – NSE  / BSE

IT - Software, Small Cap

The contract involves the provision of a CCTV surveillance system, including the supply, installation, testing, commissioning, and maintenance of cameras mounted on metallic poles, with video data stored in network video recorders (NVRs) installed at LC gate buildings. Each station and LC gate will have independent systems, along with a centralized command and control center at Bhusawal for monitoring and operations.

The system will also be equipped with AI-based features for enhanced surveillance capabilities. The contract has been awarded by a domestic entity and is to be executed within a period of 6 months.

Magellanic Cloud specializes in offering services pertaining to software development, digital transformation, generative artificial intelligence (GenAI), the internet of things (IoT), e-surveillance, and advanced drone-based applications. The company's consolidated net profit declined 2% to Rs 28.63 crore on an 8.3% increase in revenue to Rs 163.93 crore in Q3 FY26 as compared with Q3 FY25.

The counter advanced 1.85% to end at Rs 21.52 on the BSE. The stock market will remain shut today on account of Shri Ram Navami.

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The order entails deployment of integrated e-surveillance systems at ATMs and cash recycling machines (CRMs).

The scope includes end-to-end implementation, covering installation, commissioning and maintenance of the systems under an OPEX model for a period of five years, the company said in a regulatory filing.

The contract is slated to be executed over five years.

The company added that the deal does not fall under related party transactions and that neither the promoter nor promoter group has any interest in the awarding entity.

Magellanic Cloud specializes in offering services pertaining to software development, digital transformation, generative artificial intelligence (GenAI), the internet of things (IoT), e-surveillance and advanced drone-based applications. The company's consolidated net profit declined 2% to Rs 28.63 crore on an 8.3% increase in revenue to Rs 163.93 crore in Q3 FY26 as compared with Q3 FY25.

Punjab and Sind Bank is a leading public sector bank and a major bank in northern India. The bank provides customer service through innovative products and services for different customer segments. The bank?s standalone net profit jumped 19.3% to Rs 336.42 crore on 8.6% increase in revenue from operations to Rs 3549.27 crore in Q3 FY26 over Q3 FY25. The scrip rose 2.44% to Rs 22.67 on the BSE.

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Magellanic Cloud announced that its wholly owned subsidiary, Provigil Surveillance has received a Letter of Intent (LOI) / advance intimation to commence work from RailTel Corporation of India for installation of CCTV surveillance system. The project is valued at Rs 1.55 crore.

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The order involves the procurement, deployment and maintenance of AI-based monitoring and CCTV infrastructure for residential educational institutions operated by the society across multiple locations. Under the project, the company will deploy 5MP or higher AI-enabled CCTV cameras at 176 locations and establish a centralised command control centre for monitoring and management. The scope of work also includes the supply and integration of video management software (VMS), AI analytics systems and storage infrastructure. Additionally, the project will cover installation of video wall monitoring systems, networking equipment and the development of web and mobile applications to enable AI-based incident monitoring.

According to the company, the project valued at nearly Rs 5 crore and is expected to be delivered and installed within three months from the date of the Notification of Award, in line with the tender conditions.

The company further clarified that neither its promoters nor promoter group entities have any interest in the awarding authority. The company added that the contract does not fall under related-party transactions as per applicable regulatory norms.

Magellanic Cloud specializes in offering services pertaining to software development, digital transformation, generative artificial intelligence (GenAI), the internet of things (IoT), e-surveillance and advanced drone-based applications.

The company's consolidated net profit declined 2% to Rs 28.63 crore on an 8.3% increase in revenue to Rs 163.93 crore in Q3 FY26 as compared with Q3 FY25.

The counter rose 0.13% to Rs 23.50 on the BSE.

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