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.

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.