Magellanic Cloud Limited's wholly owned subsidiary, Provigil Surveillance Limited, has secured a Letter of Acceptance (LOA) from South-Western Railway, Bengaluru Division, for a CCTV surveillance project worth approximately ₹3.59 Crore. The disclosure, dated May 11, 2026, was made pursuant to Regulation 30 read with Schedule III (Para B) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI Circular dated November 11, 2024.

Project Scope and Key Details

The project entails the Replacement and Additional Provision of CCTV Surveillance System at Mysuru Railway Station under South-Western Railway. The scope of work is comprehensive, covering the supply, installation, testing, commissioning, and integration of advanced surveillance infrastructure. Key components of the system include:

• VMS, VAS & FRS integration
• PTZ, Bullet, Dome, and 4K UHD Cameras
• Video Analytics Servers and Storage Systems
• Networking Infrastructure and UPS Systems
• Centralized monitoring infrastructure with failover architecture

The following table summarises the key parameters of the order as disclosed under the SEBI circular:

Management Commentary

Commenting on the development, Joseph Sudheer Reddy Thumma, Chairman & Managing Director, Magellanic Cloud Limited, stated, "Our growing presence in railway surveillance projects highlights the accelerating shift toward technology-driven infrastructure modernization across India. Large-scale transport environments today require surveillance systems that can do far more than record footage; they need intelligent systems capable of delivering real-time visibility, operational insights, and proactive monitoring. Through our AI-powered surveillance capabilities, we aim to support the creation of smarter, safer, and more digitally resilient public infrastructure for the future."

Compliance and Disclosures

The company has confirmed that none of the promoter, promoter group, or group companies have any interest in South-Western Railway, the entity that awarded the order. Additionally, the contract does not fall within the purview of related party transactions. The disclosure was filed in compliance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, read with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Magellanic Cloud Limited has announced that its wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance (LOA) from South Eastern Railway, Kharagpur Division, for a project with an aggregate value of approximately ₹3.44 Crore. The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI Circular dated November 11, 2024.

Project Scope and Key Details

The order covers the provision of CCTV systems at Goods Sheds, along with modernization and upgradation of infrastructure at Kharagpur and PKU Goods Sheds under the Kharagpur Division of South Eastern Railway. The project's scope is comprehensive, encompassing multiple technology and infrastructure components:

• Supply, installation, commissioning, and integration of AI-led CCTV surveillance systems
• Networking infrastructure deployment
• Centralized monitoring systems setup

The key parameters of the contract are summarized below:

Management Commentary

Commenting on the development, Mr. Joseph Sudheer Reddy Thumma, Global CEO & Managing Director, Magellanic Cloud Limited, stated:

"Railway and logistics environments operate across large, high-movement zones where conventional monitoring systems alone are no longer sufficient. For instance, at goods sheds and cargo handling points, AI-based e-surveillance can help authorities monitor movement patterns, detect unauthorized access, identify operational anomalies, and improve incident response in real time.

Projects such as these reflect the increasing convergence of physical infrastructure with intelligent AI-powered digital systems designed to support large-scale operational environments. The company remains focused on strengthening its presence in AI-powered e-surveillance, centralized monitoring systems, and critical infrastructure technology solutions across sectors like transportation and logistics."

Compliance and Related Party Disclosures

The company has confirmed that none of the promoter, promoter group, or group companies have any interest in South Eastern Railway, the entity that awarded the order. Additionally, the contract does not fall within the purview of related party transactions. The disclosure was made in accordance with the requirements of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the relevant SEBI Circular dated November 11, 2024.