Magellanic Cloud Ltd Share Price – NSE  / BSE

IT - Software, Small Cap

Magellanic Cloud announced that Ravi Janarthanan (DIN: 02368598), Additional Non-Executive, Non-Independent Director of the Company, has tendered his resignation from the Board of Directors of the Company with effect from 03 June 2026.

The contract involves the provision of CCTV systems at 75 non-interlocked manned level-crossing gates across the division. The scope of work includes the supply, installation, testing and commissioning of CCTV/video surveillance systems, networking and telecom infrastructure, monitoring system integration, power backup arrangements, solar power systems, computer vision-based gate monitoring solutions, and related ancillary infrastructure.

The order further strengthens Magellanic Cloud's presence in the railway surveillance and safety infrastructure segment. With this contract, the company's cumulative railway sector order book has exceeded Rs 250 crore, reflecting its growing footprint across key railway zones and divisions in India.

The company said the project further strengthens its execution track record in supporting Indian Railways' modernization and safety enhancement initiatives. It added that increasing investments in digital infrastructure, surveillance and asset protection by public sector undertakings and government agencies continue to provide long-term growth opportunities. Magellanic Cloud clarified that none of its promoters, promoter group entities or group companies have any interest in the awarding authority. The company also stated that the contract does not constitute a related-party transaction.

Earlier, Provigil Surveillance had secured a Rs 9.72 crore surveillance infrastructure project from East Coast Railway's Sambalpur Division for the deployment of CCTV systems at 91 manned non-interlocked level-crossing gates.

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 jumped 32.1% to Rs 29.49 crore on a 31.5% increase in revenue to Rs 205.55 crore in Q4 FY26 over Q4 FY25.

The counter shed 0.35% to Rs 25.64 on the BSE.

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Magellanic Cloud announced that its wholly owned subsidiary, Provigil Surveillance has received a Letter of Acceptance (LOA) from South Western Railway, Hubli Division, for an aggregate contract value of Rs 4.31 crore approx.

The project pertains to the ?Provision of CCTV at 75 Non-Interlocked Manned Level Crossing Gates over Hubli Division.? The scope of work includes supply, installation, testing and commissioning of CCTV / Video Surveillance Systems, networking and telecom infrastructure, integration of monitoring systems, power backup arrangements, solar power systems, computer vision-based gate monitoring solutions and other ancillary infrastructure required for the project.

This LOA further strengthens the Company's position in the railway surveillance and safety infrastructure segment. With cumulative railway sector orders now exceeding Rs 250 crore, the Company continues to expand its footprint across key railway zones and divisions nationwide.

The contract involves deployment of CCTV surveillance systems at 91 manned non-interlocked level crossing gates across the Sambalpur Division to strengthen monitoring, safety and security of railway assets.

With this latest order, Magellanic Cloud's cumulative railway order book has crossed Rs 250 crore, reinforcing its position in the railway surveillance and infrastructure segment.

The company said the project further strengthens its execution track record in supporting Indian Railways' modernization and safety enhancement initiatives. It added that increasing investments in digital infrastructure, surveillance and asset protection by public sector undertakings and government agencies continue to provide long-term growth opportunities.

Magellanic Cloud clarified that none of its promoters, promoter group entities or group companies have any interest in the awarding authority. The company also stated that the contract does not constitute a related-party transaction.

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 jumped 32.1% to Rs 29.49 crore on a 31.5% increase in revenue to Rs 205.55 crore in Q4 FY26 over Q4 FY25.

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