Magellanic Cloud Limited, an IT and IT-related services provider, has announced its financial results for the quarter and half-year ended September 30, 2025, along with significant changes to its board committees.

Financial Performance

The company reported mixed financial results for the quarter:

All figures are in lakhs of Indian Rupees. While the standalone revenue shows modest figures, the consolidated revenue indicates a stronger performance across the group's entities.

Board Committee Restructuring

Effective November 5, 2025, Magellanic Cloud has reconstituted four key committees:

1. Audit Committee
2. Nomination and Remuneration Committee
3. Stakeholder Relationship Committee
4. Risk Management Committee

All four committees now share a common structure:

This restructuring aims to enhance corporate governance and oversight across critical areas of the company's operations.

Management Changes

The company also disclosed that its Chief Financial Officer resigned, effective October 15, 2025.

Company Overview

Magellanic Cloud Limited operates primarily in the IT and IT-related services sector. The company received NSE listing approval in February 2025, marking a significant milestone in its corporate journey.

Auditor's Review

S G C O & Co. LLP, the company's auditors, conducted a limited review of the unaudited standalone and consolidated financial results. They reported no material misstatements in the financial information disclosed by the company.

The board meeting discussing these matters commenced at 3:00 P.M. (IST) and concluded at 5:30 P.M. (IST) on November 5, 2025.

Magellanic Cloud Limited 's wholly owned subsidiary, Provigil Surveillance Limited, has secured a significant contract from the South Central Railway's Guntur Division. The company received a Letter of Acceptance (LoA) for a video surveillance project valued at ₹2.40 crores, marking a notable achievement in its expansion of AI-driven monitoring solutions.

Contract Details

The project encompasses two main components:

1. Replacement of video surveillance systems at various railway stations
2. Provision of video recording facilities at relay rooms and station master rooms across the division

This comprehensive surveillance upgrade is designed to enhance passenger safety, improve station monitoring, and strengthen asset protection. The contract is scheduled for completion within a twelve-month timeframe.

Project Objectives

The primary goals of this surveillance project include:

• Ensuring real-time visibility
• Implementing cyber-secure data management
• Improving operational efficiency through advanced video analytics
• Enabling centralized control capabilities

Strategic Significance

This contract reinforces Provigil Surveillance Limited's position in the market for large-scale surveillance projects, particularly for key government agencies. It follows a series of successful implementations for organizations such as Indian Railways and the National Highways Authority of India (NHAI).

Management's Perspective

Joseph Sudheer Reddy Thumma, Global CEO & Managing Director of Magellanic Cloud Limited, commented on the achievement:

"The achievement of these consecutive contracts clearly validates our exceptional performance and capability in deploying advanced, AI-integrated monitoring solutions at scale. This momentum propels Magellanic Cloud forward as we remain dedicated to pioneering technological advancements and guaranteeing superior security standards, ultimately building a foundation of smarter, safer infrastructure that benefits all stakeholders, both domestically and internationally."

Contract Specifications

This contract underscores Magellanic Cloud's growing presence in the AI-driven video analytics and smart surveillance solutions sector. As the company continues to secure such projects, it strengthens its position in delivering advanced monitoring solutions for critical infrastructure.