Magellanic Cloud Limited's wholly-owned subsidiary, Provigil Surveillance Limited, has clinched a significant contract with East Coast Railway. The company received a Letter of Acceptance (LoA) for the supply, installation, and commissioning of a crew voice video recording system (CVVRS) for electric locomotives.

Contract Details

Project Objectives

The implementation of the crew voice video recording system aims to achieve several key objectives:

1. Enhance operational safety
2. Improve investigation efficiency
3. Boost crew performance accountability

This advanced recording system is expected to contribute to the overall safety and efficiency of railway operations across the network.

Strategic Implications

The awarding of this contract to Provigil Surveillance Limited underscores the company's expertise in providing critical operational oversight solutions for vital public infrastructure clients. It reinforces Provigil's position in delivering cutting-edge train protection platforms.

This project aligns with the goal of modernizing India's railway infrastructure and improving safety standards. By implementing advanced recording systems, East Coast Railway is taking a step towards enhancing its operational capabilities and ensuring better accountability in its locomotive operations.

For Magellanic Cloud Limited, this contract represents an expansion of its subsidiary's footprint in the railway technology sector. It demonstrates the company's ability to secure high-value projects in competitive markets.

The project is set to unfold over the next three years.

Magellanic Cloud Limited , a company listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), has recently seen significant developments in its shareholding structure and future financial plans.

Promoter Share Pledging

Between October 20-29, 2025, the company's promoters, Joseph Sudheer Reddy Thumma and Jagan Mohan Reddy Thumma, pledged portions of their shareholdings to various financial institutions. This move has resulted in changes to their encumbered shareholding percentages:

The financial institutions involved in these pledging activities include Anand Stock Limited and Virtue Financial, among others.

Details of Share Pledging

According to the LODR (Listing Obligations and Disclosure Requirements) data filed on November 17, 2025, the following details were disclosed:

Capital Raising Plans

In a separate development, the Board of Directors of Magellanic Cloud Limited held a meeting on November 17, 2025, where they approved a plan to raise additional capital. The key points of this decision are:

• The company aims to raise up to Rs. 500 crores.
• The capital may be raised through various instruments, including:
  • Equity Shares
  • Convertible or Non-Convertible Securities
  • Warrants
  • Debt Securities
• The methods for raising this capital may include:
  • Preferential Issue
  • Private Placements
  • Rights Issue
  • Other methods as permitted by applicable laws

This decision is subject to regulatory and statutory approvals, including approval from the company's shareholders.

The board meeting commenced at 3:00 PM (IST) and concluded at 3:50 PM (IST) on the same day.

These developments indicate significant financial activities within Magellanic Cloud Limited, potentially impacting its capital structure and future plans. Shareholders and potential investors may want to closely monitor these changes and their potential implications for the company's financial position and market performance.