Magellanic Cloud has announced that its wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance from Western Railway's Jaipur Division for a comprehensive CCTV surveillance system project. The contract, valued at ₹3.74 crore, was disclosed under Regulation 30 of SEBI regulations on December 31, 2025.

Contract Details and Scope

The awarded contract encompasses the deployment of an advanced surveillance infrastructure across various sites within the Jaipur Division of Western Railway. The system will incorporate cutting-edge Face Recognition System (FRS) and Video Analytics technologies to enhance security and enable automated monitoring of railway premises.

Strategic Portfolio Expansion

This latest contract builds upon the company's substantial surveillance portfolio, which includes earlier Letters of Acceptance aggregating approximately ₹165.00 crore. The portfolio comprises around ₹133.00 crore from Indian Railways and ₹32.00 crore from the National Highways Authority of India (NHAI) for AI-based video surveillance systems.

Advanced Technology Integration

The surveillance system will feature sophisticated technological components designed to provide comprehensive security coverage. The project encompasses advanced video analytics for vehicle counting and classification on national highways, alongside high-definition monitoring and Face Recognition Systems within railway premises.

Management Commentary

Commenting on the contract award, Mr. Joseph Sudheer Reddy Thumma, Global CEO & Managing Director of Magellanic Cloud Limited, stated: "Our selection for this project highlights our ability to deliver complex, large-scale surveillance networks that meet rigorous safety standards. By combining high-definition monitoring with intelligent video analytics, we are providing the Jaipur Division with a future-ready security framework backed by long-term guaranteed technical support."

The company confirmed that none of the promoter/promoter group/group companies have any interest in the entity that awarded the contract, and the order does not fall within the purview of related party transactions.

Magellanic Cloud Limited announced that its wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance (LoA) from Indian Railway Catering and Tourism Corporation Ltd (IRCTC) for a significant surveillance technology contract worth ₹2.25 crores.

Contract Details and Scope

The contract involves the development, deployment and testing of continuous live streaming portal and clip gathering with AI Analytics Services of CCTV cameras at authorized kitchen units. The project encompasses a real-time, AI-enabled CCTV live-streaming and analytics solution designed for monitoring IRCTC-authorized kitchen units through a centralized portal.

Project Objectives and Technology

The AI-driven surveillance solution is aimed at enhancing multiple operational aspects of IRCTC's catering operations:

• Hygiene compliance monitoring
• Improved governance and transparency
• Proactive detection of operational irregularities
• Real-time monitoring capabilities through centralized portal
• Advanced analytics for kitchen unit oversight

Management Commentary

Commenting on the development, Mr. Joseph Sudheer Reddy Thumma, Global CEO & Managing Director of Magellanic Cloud Limited, stated that "the deployment of an AI-driven live-streaming and analytics platform reflects the Company's advanced domain expertise in next-generation surveillance systems and its commitment to enabling higher standards of transparency, quality assurance, and operational oversight through technology."

Corporate Governance Compliance

The company has confirmed that none of the promoter, promoter group, or group companies have any interest in IRCTC, the entity that awarded the contract. Additionally, the order does not fall within the purview of related party transactions, ensuring compliance with regulatory requirements.

This contract win demonstrates Provigil Surveillance Limited's capabilities in delivering advanced surveillance technology solutions and reinforces Magellanic Cloud Limited's position in the AI-enabled security and monitoring sector.