Magellanic Cloud announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 3 February 2026.Powered by Capital Market - Live News

Provigil Surveillance , the wholly owned subsidiary of Magellanic Cloud, has received a Letter of Acceptance (LoA) from Western Railway, Jaipur Division (JP Division), for provision of CCTV surveillance system at various sites across the Division.The contract is valued at Rs 3.74 crore. The scope of work includes deployment of an advanced surveillance infrastructure equipped with Face Recognition System (FRS) and Video Analytics, aimed at enhancing security and enabling automated monitoring of railway premises.This order builds upon the Company`s earlier surveillance-related LoAs aggregating approximately Rs 165 crores, including around Rs 133 crores from the Indian Railways, and Rs 32 crores from the National Highways Authority of India (NHAI), for the deployment of AI-based video surveillance systems across railway networks and national highways. These projects encompass advanced video analytics such as vehicle counting and classification on national highways, alongside the deployment of high-definition monitoring and Face Recognition Systems within railway premises. By providing enhanced security, operational oversight, and real-time visibility, these initiatives promote a robust AI-enabled surveillance infrastructure.Powered by Capital Market - Live News

Scandron, a subsidiary of Magellanic Cloud, has received a work order from M/s. Resonia, a Vedanta group company. The work order involves the use of drones for cargo transportation, as part of ongoing initiatives to improve efficiency and enhance operational capabilities in the relevant sector. The total value of the contract is approx. Rs 3 crore for execution of Phase-I, covering a quantity of 500 MT. The execution of the additional 1,500 MT (Phase-II) valued approx. Rs 9 crore shall be considered upon successful completion of Phase-I.Powered by Capital Market - Live News

Magellanic Cloud will hold a meeting of the Board of Directors of the Company on 17 November 2025.Powered by Capital Market - Live News

Magellanic Cloud has allotted 46,72,000 equity shares of face value of Rs 2 each at an issue price of Rs 75 per share aggregating to Rs 35.04 crore on preferential allotment basis through private placement to the Promoters of Finoux Solutions (FSPL) for consideration other than cash i.e., in lieu of acquisition of their 100% stake in equity shares in FSPL through swapping of equity shares of the Company. Consequent to the aforesaid allotment of 46,72,000 equity shares; the paid-up equity capital of the Company has increased from Rs. 116,87,90,240/- consisting of 58,43,95,120 equity shares of Rs. 2/- each to Rs. 117,81,34,240/- consisting of 58,90,67,120 equity Shares of Rs. 2/- each. Powered by Capital Market - Live News