Magellanic Cloud files FY26 BRSR report highlighting export focus

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Reviewed by
Naman SScanX News Team
Key Highlights
  • Exports constituted 77.9% of total turnover for FY26
  • IT consulting services drove 87.57% of revenue generation
  • Standalone workforce totaled 150 permanent employees
  • Energy intensity per rupee of turnover fell to 0.0056
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Magellanic Cloud has submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 to stock exchanges, detailing its operational footprint and sustainability metrics.

The Hyderabad-based IT services firm reported that exports accounted for 77.9% of its total turnover during the financial year ended March 31, 2026. The company serves over 600 global enterprise clients, including Fortune 1,000 companies and public sector undertakings.

Business Operations and Revenue Mix

IT consulting services remained the primary revenue driver, contributing 87.57% of the entity's turnover. Monitoring services followed with a 7.32% share, while drone trading contributed 5.07%.

The company operates through two standalone offices in India, with subsidiaries maintaining a presence across 18 locations domestically and five offices internationally. Markets served span seven states and two union territories in India, alongside four international countries.

Business Activity Description % of Turnover
IT Consulting Services Development and Designing of Software Applications 87.57%
Monitoring Services E-Surveillance 7.32%
Trading- Drone Trading of Goods 5.07%

Workforce and Human Capital

As of the end of FY26, Magellanic Cloud employed 150 permanent staff members on a standalone basis. The workforce comprised 64.67% male employees and 35.33% female employees. No differently abled employees were reported in the permanent category.

The Board of Directors includes seven members, with women representing 28.57% of the composition. Key Management Personnel consisted of five individuals, none of whom were female.

Employee turnover rates for permanent staff showed variation across genders. Male turnover stood at 23.7%, while female turnover was recorded at 17.6% for FY26.

Environmental Impact

The company reported total energy consumption from non-renewable sources at 60,05,967 Joules, up from 54,08,000 Joules in the prior year. Energy intensity per rupee of turnover decreased to 0.0056 from 0.0066 in FY25.

Water withdrawal was limited to third-party sources, totaling 1,416 kiloliters for human use in office premises. The company does not generate industrial wastewater or significant air emissions due to its service-oriented business model.

Governance and Compliance

Magellanic Cloud reported no material fines, penalties, or regulatory actions involving the company or its directors during the financial year. Zero complaints were filed or pending resolution across all stakeholder groups, including employees, customers, and shareholders.

The company confirmed compliance with applicable environmental laws and reported no instances of child labor, forced labor, or sexual harassment complaints under the POSH Act.

Historical Stock Returns for Magellanic Cloud

1 Day5 Days1 Month6 Months1 Year5 Years
-3.23%-4.57%-11.72%+22.54%-68.51%-68.05%

How does Magellanic Cloud plan to diversify its revenue streams beyond IT consulting to mitigate the risk of over-reliance on a single service segment?

What specific strategies will the company implement to address the gender disparity in Key Management Personnel and improve female representation at the executive level?

Given the 11% increase in non-renewable energy consumption, what roadmap has Magellanic Cloud outlined to transition towards renewable energy sources in the coming fiscal years?

Magellanic Cloud accepts resignation of independent director

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Reviewed by
Naman SScanX News Team
Key Highlights
  • Magellanic Cloud accepts resignation of independent director Elisha Thatisetty
  • Departure effective September 1, 2026, due to personal and professional commitments
  • No other material reasons cited for the resignation
  • Director holds no positions in other listed entities
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Magellanic Cloud accepted the resignation of Mr. Elisha Thatisetty as an independent director effective September 1, 2026.

The company disclosed the departure under Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. Mr. Thatisetty cited personal reasons and other professional commitments for his decision to step down from the board.

Resignation Details

Mr. Thatisetty tendered his resignation with effect from the closure of business hours on September 1, 2026. In his resignation letter, he confirmed that there are no other material reasons for his departure beyond those stated.

The Board of Directors acknowledged his contribution during his tenure. The company noted that he holds no directorships in other listed entities.

Particulars Details
Name Mr. Elisha Thatisetty
DIN 08531842
Role Independent Director
Effective Date September 1, 2026
Reason Personal reasons and professional commitments

The information is available on the company website.

Historical Stock Returns for Magellanic Cloud

1 Day5 Days1 Month6 Months1 Year5 Years
-3.23%-4.57%-11.72%+22.54%-68.51%-68.05%

Will Magellanic Cloud initiate an immediate search for a replacement independent director to maintain board quorum and compliance?

How might this leadership change impact the company's ongoing strategic initiatives or governance oversight in the short term?

Are there any pending regulatory approvals or shareholder meetings that could be affected by the change in board composition?

More News on Magellanic Cloud

1 Year Returns:-68.51%