Magellanic Cloud Limited has announced that its wholly owned subsidiary Provigil Surveillance Limited has secured a significant purchase order worth ₹4.10 crore from South Central Railway, Secunderabad Division. The contract was disclosed under Regulation 30 of SEBI listing requirements on February 10, 2026.

Contract Details and Scope

The purchase order encompasses the supply, installation, testing and commissioning of IP-based video surveillance systems for dual cab diesel locomotives. The project specifications align with RDSO/SPN/TC/106/2025 (Version 3.1 or latest) standards, excluding RDAS components.

Strategic Significance

The surveillance system implementation aims to enhance multiple operational aspects of Indian Railways' diesel locomotive fleet. The project focuses on improving crew safety, operational monitoring capabilities, incident analysis, and asset protection measures. Additionally, the system will enable real-time visibility, cyber-secure data management, and advanced video analytics functionality.

Company Positioning

This contract award further solidifies Provigil Surveillance Limited's established credentials in executing large-scale, mission-critical surveillance projects for key government organizations, particularly Indian Railways. The order reinforces the parent group's leadership position in AI-driven video analytics and smart surveillance solutions.

Regulatory Compliance

The company confirmed that no promoter, promoter group, or group companies have any interest in South Central Railway. The contract does not fall within the purview of related party transactions, ensuring compliance with regulatory requirements.

Project Implementation

The surveillance systems will be implemented according to the purchase order delivery schedule, with project completion targeted by September 2026. The contract represents a domestic engagement, strengthening the company's portfolio in the government sector infrastructure space.

Magellan Cloud Limited conducted its Extra-Ordinary General Meeting on February 03, 2026, through video conferencing to address significant corporate developments and director appointments. The meeting commenced at 12:00 P.M. (IST) and concluded at 12:22 P.M. (IST), with the company subsequently filing regulatory disclosure under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Meeting Participation and Leadership

The Extra-Ordinary General Meeting witnessed participation from stakeholders across different categories. Company Secretary & Compliance Officer Sameer Lalwani welcomed participants and ensured compliance with regulatory requirements for virtual meetings.

The meeting was chaired by Joseph Sudheer Reddy Thumma, Managing Director, with attendance from key leadership including Jagan Mohan Reddy Thumma (Managing Director), Pratik Harishbhai Bhatt (Chief Financial Officer), and Priyanka Dharmesh Pandey (Non-Executive Independent Director). Carwin Heierman, Executive Director, also participated in the proceedings.

Key Director Appointments and Re-designations

The meeting addressed five special resolutions, with three specifically focusing on director appointments and re-designations. The shareholders approved the appointment of two new directors and the re-designation of the existing Managing Director as Chairman and Managing Director.

Director Profiles and Background

Narasimha Rao Chundu brings extensive experience from the financial services sector, having begun his professional journey in 2001 with Global Direct where he led a 40-member team focused on telecom. In 2006, he transitioned into financial services and stock market domain, taking progressively senior leadership positions at reputed institutions including ICICI Web Trade Ltd, Exclusive Securities, Kotak Mahindra Life Insurance, Anand Rathi Commodities Ltd, and ITI Investor Services Ltd.

Ameeruddin Syed, appointed as Chief Operating Officer and Whole Time Director, oversees the company's core operational functions, ensuring seamless execution across departments. He works closely with senior leadership to develop and implement growth strategies, streamline processes, strengthen governance, and support long-term business objectives.

Additional Corporate Actions

Beyond director appointments, the meeting also approved the Scheme of Merger with IVIS International Private Limited through fast-track route under Section 233, and authorized qualified institutional placement for equity shares and eligible securities. M/s. Deep Shukla & Associates served as Secretarial Auditors and Scrutinizers, while Sajid Shaikh represented M/S SGCO & Co. LLP as Statutory Auditors.

Regulatory Compliance and Next Steps

The company filed its regulatory disclosure on February 04, 2026, with both Bombay Stock Exchange Limited (Scrip Code: 538891) and National Stock Exchange of India Ltd. (Symbol: MCLLOUD). The disclosure includes detailed profiles of appointed directors as required under SEBI circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015. The company will notify the Scrutinizer's Report and e-voting results to Stock Exchanges under Regulation 44, ensuring complete regulatory compliance and transparency for all stakeholders.

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