Provigil Surveillance Limited, a wholly owned subsidiary of Magellanic Cloud , has secured a Letter of Acceptance (LOA) from East Central Railway, Dhanbad Division, for an aggregate contract value of INR 3.13 Crore. The project encompasses the modernization of the Passenger Reservation System (PRS) network, upgradation of telecom connectivity through GPON technology, and associated Signaling & Telecommunication (S&T) works. This order reinforces the company's position in the railway telecom, networking, and surveillance infrastructure segment.

Project Scope and Details

The scope of work awarded to the subsidiary includes the deployment of telecom networking infrastructure, GPON-based fiber connectivity solutions, CCTV surveillance systems, and related S&T infrastructure. The contract entails the supply, installation, testing, commissioning, and integration of these systems, along with optical fiber networks, software, and monitoring systems. The order is classified as a domestic contract and must be executed within a period of 48 months.

Management Commentary

Joseph Sudheer Thumma, Global CEO & Managing Director of Magellanic Cloud Limited, stated that the order strengthens the company's position in India's railway technology ecosystem. He noted that the development follows the company crossing ₹250 crore in cumulative railway orders, reflecting a commitment to supporting the modernization of Indian Railways through advanced telecom, connectivity, and surveillance solutions. The focus remains on delivering technology-driven infrastructure to enhance operational efficiency, safety, and reliability across the rail network.

Contract Particulars

The disclosure confirms that none of the promoter, promoter group, or group companies have any interest in the entity awarding the contract. Furthermore, the order does not fall within the ambit of related party transactions. The filing was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Magellanic Cloud Limited will hold a board meeting on June 25, 2026, to consider raising funds through the preferential allotment of equity shares or convertible warrants. The proposed issuance aims to bolster the company's capital base and is subject to necessary regulatory and shareholder approvals.

The board's decision will be guided by the provisions of the Companies Act, 2013, and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The meeting follows a prior outcome dated November 17, 2025, and is convened under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Agenda Details

The primary agenda item for the meeting is the approval of the issuance of equity shares or convertible warrants on a preferential basis. The board will also evaluate any other matters with the permission of the chair.

Trading Window Closure

In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the securities of Magellanic Cloud Limited is closed. This restriction applies to all directors, officers, designated persons, and their immediate relatives, effective from June 18, 2026. The window will remain closed until 48 hours after the announcement is made public.

Joseph Sudheer Reddy Thumma, Chairman and Managing Director, signed the intimation on June 18, 2026. The information is also available on the company's official website.