Magellanic Cloud Limited announced on April 24, 2026, that its wholly owned subsidiary Provigil Surveillance Limited has secured significant railway surveillance contracts worth ₹8.21 crore from North Western Railway, Bikaner Division. The contracts comprise two separate Letters of Acceptance for comprehensive CCTV surveillance systems across multiple railway locations.

Contract Details and Scope

The subsidiary has received two distinct orders that demonstrate the expanding scope of railway security infrastructure projects:

Project Specifications

The first contract involves provision of CCTV cameras at passenger reservation system and unreserved ticketing system counters across 54 stations, covering 64 locations throughout Bikaner Division. This comprehensive project includes supply, installation, commissioning and integration of complete CCTV systems with centralized monitoring rooms at divisional headquarters and station locations.

The second contract focuses on IP-based CCTV systems for remote surveillance of Traction Distribution installations including Switching Posts, Sub Sectioning Posts, Traction Sub Stations, and Depots across Bikaner Division. The project encompasses supply, installation, testing, commissioning and integration of CCTV systems along with associated infrastructure such as Network Video Recorders, storage systems, networking equipment, Uninterruptible Power Supply units and connectivity solutions.

Strategic Significance

These orders represent continuation of earlier contracts secured by the subsidiary and reflect Magellanic Cloud's growing presence in the railway surveillance and security solutions segment. The repeat business underscores customer confidence in the company's execution capabilities and further strengthens the consolidated order book while enhancing revenue visibility going forward.

The company confirmed that none of the promoter, promoter group, or group companies have any interest in North Western Railway, and the contracts do not fall within the purview of related party transactions. Both contracts are domestic in nature and involve supply, installation, commissioning and integration of CCTV surveillance systems for enhanced railway security infrastructure.

Magellanic Cloud Limited has filed a revised disclosure regarding the appointment of Mr. Ravi Janarthanan as an Additional Director (Non-Executive Non-Independent), following queries from stock exchanges. The revised disclosure was submitted on April 13, 2026, in response to an email from exchanges seeking additional details for the corporate announcement filed under Regulation 30 of SEBI (LODR) Regulations, 2015.

Board Appointment Details

The company confirmed that the Board of Directors approved Mr. Janarthanan's appointment during their meeting held on April 11, 2026. The meeting commenced at 01:00 P.M. (IST) and concluded at 01:30 P.M. (IST), with the appointment taking effect from the same date.

Professional Background and Expertise

According to the revised disclosure, Mr. Ravi Janarthanan brings extensive experience as an entrepreneur and global investor. His professional background spans multiple high-growth sectors that align with contemporary business trends and technological advancement.

Key Areas of Expertise

• Aerospace & Defence: Extensive experience in the aerospace and defence sector
• Artificial Intelligence: Deep understanding of AI technologies and applications
• Energy Sector: Comprehensive knowledge of energy industry dynamics
• Global Collaborations: Proven track record in international business partnerships
• Strategic Innovation: Expertise in strategy development and innovation management

Regulatory Compliance and Disclosure

The revised disclosure was filed pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company confirmed that Mr. Janarthanan is not debarred from holding the office of Director by any SEBI order or other regulatory authority.

Corporate Governance Enhancement

This appointment reflects Magellanic Cloud Limited's commitment to strengthening its corporate governance structure by bringing experienced professionals with diverse industry expertise to its board. The addition of Mr. Janarthanan's international business experience and sector-specific knowledge is expected to contribute to the company's strategic direction and growth initiatives. The revised disclosure demonstrates the company's adherence to transparency requirements and regulatory compliance standards.