Provigil Surveillance Limited, a wholly owned subsidiary of Magellanic Cloud Limited , has secured a Letter of Acceptance (LOA) from South Western Railway, Hubli Division, valued at approximately INR 4.31 Crore. The project involves the provision of CCTV surveillance systems at 75 Non-Interlocked Manned Level Crossing Gates to enhance safety and monitoring. This contract reinforces the company's presence in Southern and South-Western railway networks, with cumulative railway sector orders now exceeding ₹250 Crore.

Order Details

The scope of work encompasses the supply, installation, testing, commissioning, and integration of CCTV and video surveillance systems. It includes networking and telecom infrastructure, monitoring systems integration, power backup arrangements, solar power systems, and computer vision-based gate monitoring solutions. The execution period for the order is set at 6 months. The awarding entity, South Western Railway, is classified as a domestic entity, and the contract does not fall within the purview of related party transactions.

Contract Overview

The continued order inflow reflects Magellanic Cloud Limited's execution capabilities and domain expertise in delivering integrated surveillance and security solutions across critical infrastructure. The disclosure was made to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Magellanic Cloud Limited confirmed that its statutory auditors have issued an unmodified opinion on the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. This disclosure addresses a query raised by BSE Limited regarding the company's financial reporting status for the period.

The audit report was issued by M/s SGCO & Co, LLP, Chartered Accountants and Statutory Auditors of the Company, on May 26, 2026. The clarification follows the outcome of a Board Meeting held on the same date and was submitted pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The submission was made to both the Bombay Stock Exchange Limited and the National Stock Exchange of India Ltd. The company requested that the exchanges take the clarification on record to ensure accurate dissemination of the audit status to shareholders and market participants.

Key Details of the Filing

The confirmation of an unmodified opinion indicates that the financial statements present a true and fair view of the company's financial position and performance in accordance with applicable accounting standards. Joseph Sudheer Reddy Thumma, Chairman and Managing Director, signed the disclosure on behalf of Magellanic Cloud Limited.