Magellanic Cloud Limited has announced that its wholly owned subsidiary Provigil Surveillance Limited has secured a significant contract from South East Central Railway. The Letter of Acceptance, received from the Nagpur Division, marks another milestone in the company's railway surveillance portfolio.

Contract Details and Scope

The awarded contract involves the provision of Video Surveillance System (VSS) for monitoring 66 Manned Non-Interlocked Level Crossing Gates. The project scope includes:

The comprehensive project encompasses supply, installation, testing, commissioning and Comprehensive Annual Maintenance Contract (CAMC) as per RDSO specifications.

Strategic Impact on Order Book

This contract award significantly strengthens Magellanic Cloud's position in the railway surveillance sector. The company disclosed key portfolio metrics following this development:

Technology and Safety Enhancement

The Video Surveillance System project is designed to enhance safety at Level Crossing Gates through multiple technological capabilities:

• Real-time monitoring of level crossing operations
• Centralized visibility for railway authorities
• AI-based analytics for improved decision making
• Secure data management systems

These features aim to improve operational safety and surveillance efficiency across the railway division.

Company Positioning

The receipt of this Letter of Acceptance further strengthens Provigil Surveillance Limited's established credentials in executing large-scale, mission-critical surveillance projects for Indian Railways. The contract reinforces the Group's leadership position in AI-driven video analytics and smart surveillance solutions.

The company confirmed that none of the promoter/promoter group/group companies have any interest in South East Central Railway, and the contract does not fall within the purview of related party transactions.

Magellan Cloud Limited has announced the cessation of Mrs. Nikitha Tiparnapally as Independent Director, effective February 25, 2026. The company informed both BSE and NSE about this corporate governance change through a regulatory filing under SEBI (LODR) Regulations, 2015.

Director Cessation Details

The cessation follows the natural completion of Mrs. Tiparnapally's second consecutive term as Non-Executive Independent Director. Her appointment is scheduled to conclude at the close of business hours on February 25, 2026.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also complied with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, providing requisite details in the regulatory annexure.

Board Acknowledgment

The Board of Directors and Management expressed deep appreciation for Mrs. Tiparnapally's invaluable guidance, contribution, and support during her tenure with the company. The cessation represents a scheduled transition as per corporate governance norms rather than any performance-related departure.

Filing Authority

The intimation was signed by Joseph Sudheer Reddy Thumma, Managing Director (DIN: 07033919), and submitted to both major stock exchanges for information and records. The digital signature was authenticated on February 25, 2026, ensuring proper documentation of the corporate change.