News

IVIS International, a wholly owned subsidiary of Magellanic Cloud, has received a Letter of Intent (LOI) from Manappuram Finance for the proposed engagement relating to outsourced Command & Control Centre (CCC) e-surveillance services. Under the proposed engagement, IVIS International is expected to deploy the supply, installation, commissioning, centralized monitoring, and maintenance of security infrastructure across Manappuram Finance`s branch network. Employing its AI-powered Command & Control Centre platform, the proposed solution is designed to deliver intelligent surveillance, real-time event monitoring, automated alert handling and escalation, centralized branch visibility, vault operations monitoring, and end-to-end maintenance of the security infrastructure. The deployment is proposed to be executed in a phased manner and may extend to approximately 1,000+ branches, subject to the issuance of Purchase Orders and the execution of definitive agreements between the parties.

Magellanic Cloud announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 24 July 2026.

Provigil Surveillance, a wholly owned subsidiary of Magellanic Cloud, has received a Letter of Acceptance (LOA) from East Central Railway, Dhanbad Division, for an aggregate contract value of Rs 3.13 crore approx. The project pertains to modernization of the Passenger Reservation System (PRS) network, upgradation of telecom connectivity through GPON technology, and associated Signaling & Telecommunication (S&T) works over Dhanbad Division. The scope of work includes deployment of telecom networking infrastructure, GPON-based fiber connectivity solutions, CCTV surveillance systems, and related S&T infrastructure.

Magellanic Cloud will hold a meeting of the Board of Directors of the Company on 25 June 2026.

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.