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Magellanic Cloud announced the formation of a strategic joint venture (JV) to manufacture advanced Unmanned Aerial Vehicle (UAV) systems in India. The company has entered into the JV with Rayonix Tech, an India-based defence technology company, in partnership with XTEND, an Israel-based AI-powered robotics, UAV and software systems company. This development marks a significant step in Magellanic Cloud`s expansion within the fast-growing defence and security technology sector.The joint venture, valued at ~US$11 million (~Rs 100 crore), will establish end-to-end manufacturing, testing, and distribution capabilities in India. These UAVs will cater to the evolving requirements of the armed forces and security agencies, supporting surveillance, reconnaissance, and mission-critical operations.The joint venture aims to cater to the growing demand for advanced UAV systems from India`s defence ecosystem. By leveraging XTEND`s proven autonomous operating systems and combining them with domestic manufacturing capabilities, the joint venture seeks to deliver mission-critical drone solutions built for Indian operational requirements.This strategic partnership further strengthens Magellanic Cloud`s growing presence in drone technologies, AI-led surveillance, and intelligent infrastructure solutions, reinforcing its position as a technology-driven enterprise focused on emerging and high-growth sectors and investing in future-ready technologies with strong national relevance.

Provigil Surveillance, the wholly owned subsidiary of Magellanic Cloud, has received a Letter of Acceptance from South East Central Railway, Nagpur Division, for the Provision of Video Surveillance System (VSS) to monitor 66 Manned Non Interlocked Level Crossing Gates (61 in Nagpur Division, 4 in Raipur Division and 1 in Bilaspur Division). The total accepted contract value is Rs 6.16 crore. With this order, the Company`s cumulative railway Level Crossing surveillance deployment value has increased to approximately Rs 12.17 crore across multiple LC Gates, while the total order book from the Railways stands at approximately Rs 183 crore, providing healthy revenue visibility in the upcoming quarters.Powered by Capital Market - Live News

Net profit of Magellanic Cloud declined 0.58% to Rs 29.16 crore in the quarter ended December 2025 as against Rs 29.33 crore during the previous quarter ended December 2024. Sales rose 8.26% to Rs 163.93 crore in the quarter ended December 2025 as against Rs 151.42 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales163.93151.42 8 OPM %32.1136.75 - PBDT46.9049.82 -6 PBT34.6439.19 -12 NP29.1629.33 -1 Powered by Capital Market - Live News

Magellanic Cloud will hold a meeting of the Board of Directors of the Company on 9 February 2026.Powered by Capital Market - Live News

Magellanic Cloud announced that its wholly owned subsidiary, Provigil Surveillance has received a Letter of Acceptance (LoA) from Central Railway, Nagpur Division (NGP Division).The scope of work includes the end-to-end supply, installation, testing, commissioning, and maintenance of AI-based CCTV surveillance systems to be implemented at manned, non-interlocked Level Crossing (LC) gates in the South Section of the Nagpur Division.The project, with an approximate value of Rs 5.36 crore involves the deployment of RDSO-compliant Full HD IP CCTV cameras integrated with AI-enabled video analytics, Network Video Recorders (NVRs), requisite power and communication infrastructure, complete system integration, and all associated civil and electrical works, in line with the tender specifications.Powered by Capital Market - Live News