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Latest news about Magellanic Cloud

Magellanic Cloud Promoter Reduces Stake: Implications for Company's Financial Position 2 hours ago Today

Joseph Sudheer Reddy Thumma, Managing Director and Promoter of Magellanic Cloud Limited, sold 1,19,50,000 equity shares (2.03% stake) in an open market transaction on November 26, 2025. His shareholding decreased from 57.84% to 55.81%, but he remains a significant shareholder. The company's recent financial data shows growth in total assets (10.27% YoY) and shareholders' capital (27.27% YoY), indicating a strong financial position.

Magellanic Cloud's Subsidiary Secures Rs 6 Crore Railway Contract for Advanced Recording System 6 days ago

Magellanic Cloud Promoters Pledge Shares Amid Plans for Capital Raise Nov 18, 2025

Magellanic Cloud Limited Unveils Ambitious Rs. 500 Crore Capital Raising Plan Nov 17, 2025

Magellanic Cloud Limited Expands with Strategic Acquisition of Finoux Solutions Nov 11, 2025

More news about Magellanic Cloud

06Nov 25

Magellanic Cloud Reports Strong Q2 FY26 Results with 13.10% PAT Growth

Magellanic Cloud Limited announced Q2 FY26 financial results, showing robust growth. Revenue from operations reached ₹164.44 crore (4.54% YoY growth), total income was ₹165.83 crore (5.42% YoY growth), and PAT stood at ₹27.62 crore (13.10% YoY growth). The e-surveillance vertical secured projects worth ₹118+ crore, including a ₹85 crore railway surveillance project. Motivity Labs partnered with BrowserStack for cloud-based testing. Both Magellanic Cloud and Provigil Surveillance achieved CMMI Maturity Level 3 appraisal. The company expects stronger growth in Q3 and Q4, focusing on AI, cloud, and analytics innovation.

06Nov 25

Magellanic Cloud Promoter Pledges 7.72% Stake as Collateral for Loans

Joseph Sudheer Reddy Thumma, a key promoter of Magellanic Cloud Limited, has pledged 45,133,182 shares, representing 7.72% of the company's share capital. The pledges were created between October 28-29, 2025, with various entities including Badjate Stock Broking Pvt Ltd, Virtue Financial Services Pvt Ltd, and Minsol Fund. Thumma holds a total of 231,541,120 shares, constituting 39.62% of the company's total share capital. This action is likely part of a strategy to secure loans, with the pledged shares serving as collateral.

05Nov 25

Magellanic Cloud Reports Q2 Results, Restructures Board Committees

Magellanic Cloud Limited announced Q2 FY2026 results with consolidated revenue of ₹16,839.90 lakhs. The company restructured four key board committees, appointing Mr. Mayank Mahendra Shukla as Chairperson for each. The CFO resigned effective October 15, 2025. S G C O & Co. LLP conducted a limited review of the financial results, finding no material misstatements.

28Oct 25

Magellanic Cloud's Subsidiary Secures ₹2.40 Crore Railway Surveillance Contract

Provigil Surveillance Limited, a subsidiary of Magellanic Cloud Limited, has secured a ₹2.40 crore contract from South Central Railway's Guntur Division. The project involves upgrading video surveillance systems at railway stations and providing video recording facilities in relay and station master rooms. The contract, to be completed in 12 months, aims to enhance passenger safety and operational efficiency through AI-driven monitoring solutions.

27Oct 25

Magellanic Cloud's Subsidiary Secures ₹3.2 Crore Railway Surveillance Contract

Provigil Surveillance Limited, a subsidiary of Magellanic Cloud Limited, has secured a ₹3.20 crore contract from Southern Railway's Madurai Division. The project involves installing CCTV cameras with AI-enabled surveillance at Non-Interlocked Level Crossing Gates, to be completed within 6 months. This contract adds to Provigil's growing portfolio of surveillance projects, which now totals approximately ₹135.20 crores across various infrastructure sectors including Railways and National Highways. The project will implement advanced video analytics features such as vehicle counting, classification, and AI-based surveillance systems.

27Oct 25

Magellanic Cloud Promoters Pledge 39.62% Stake as Collateral for Loans

Magellanic Cloud Limited's promoters, Joseph Sudheer Reddy Thumma and Jagan Mohan Reddy Thumma, have pledged shares representing 39.62% of the company's equity as collateral for loans. The pledge creation occurred between October 20-24, 2025, involving a total of 23,15,41,120 shares. Multiple pledges were created with various financial institutions and trading companies. Prior to this event, Joseph Sudheer Reddy Thumma held 39.62% of the share capital, while Jagan Mohan Reddy Thumma held 8.04%. The company has reported this development in compliance with SEBI regulations.

15Oct 25

Magellanic Cloud CFO Sanjay Mahendra Chauhan Steps Down Due to Health Concerns

Sanjay Mahendra Chauhan, CFO and Key Managerial Personnel of Magellanic Cloud Limited, has resigned effective October 15, 2025, citing adverse health conditions. Chauhan served the company for nearly 11 years. The resignation was disclosed in a regulatory filing to the BSE and NSE, in compliance with SEBI regulations. The company confirmed no other material reasons for the departure beyond the stated health issues.

24Sept 25

Magellanic Cloud Limited Bolsters Leadership with New Independent Directors and Auditor Appointments

Magellanic Cloud Limited (MCL) has appointed three new Independent Directors: Ms. Amita Sachin Karia, Mr. Mayank Mahendra Shukla, and Ms. Priyanka Dharmesh Pandey, each for a five-year term. The company reappointed M/s. S G C O & Co LLP as Statutory Auditors and appointed M/s. Deep Shukla & Associates as Secretarial Auditors, both for five-year terms. These decisions were made at the 44th Annual General Meeting, which was conducted through video conferencing with participation from promoter and public shareholders.

06Sept 25

Magellanic Cloud Limited: Promoter Group Member Acquires 242,500 Shares

Joseph Sudheer Reddy Thumma, a promoter group member of Magellanic Cloud Limited, purchased 242,500 shares over two days. On June 28, 2021, 120,000 shares were acquired, followed by 122,500 shares on June 29, 2021. The company's Managing Director, Jagan Mohan Reddy Thumma, disclosed these transactions to the Bombay Stock Exchange (BSE) in compliance with SEBI's insider trading regulations.

19Aug 25

Magellanic Cloud's Subsidiary Secures Railway Surveillance Contracts Worth Rs 119.25 Crores

Magellanic Cloud Limited's subsidiary, Provigil Surveillance Limited, has won multiple railway surveillance contracts totaling Rs 119.25 crores. The major contract, worth Rs 85 crores, is from Rail Vikas Nigam Limited for video surveillance systems across 441 railway stations and augmentation at 43 major stations. Additional contracts include Rs 2.27 crores from South Central Railway and Rs 32 crores from NHAI. The projects involve AI-enabled surveillance infrastructure with IP-based CCTV, advanced networking, and AI integration with face recognition software. The company sees these contracts as strategic opportunities for expansion into other sectors like airports, metros, and smart city projects.

21Jul 25

Magellanic Cloud Reports Strong Q1 FY26 Performance with 24% Revenue Growth

Magellanic Cloud Limited announced Q1 FY26 results with consolidated revenue rising 24% YoY to ₹1,639.56 crore. Net profit increased 4.8% to ₹277.70 crore. IT/ITES services remained the primary revenue driver at ₹1,318.50 crore. EBITDA grew to ₹568.00 crore, but margin declined to 34.65%. The company reported total assets of ₹9,937.10 crore and liabilities of ₹4,483.96 crore.

02Jun 25

Magellanic Cloud's Subsidiary Successfully Delivers First Drone Consignment

Magellanic Cloud, a technology solutions provider, has announced that its subsidiary has successfully delivered and received acceptance for its first consignment of drones to a customer. The drones passed rigorous testing, validating the product's quality and performance. This milestone marks Magellanic Cloud's entry into the drone market, signaling a significant step in the company's diversification efforts and potentially opening new revenue streams.

16May 25

Magellanic Cloud Ltd Reports Revenue Growth, Stock Dips Despite Positive Results

Magellanic Cloud Ltd announced positive financial results with a 6.57% YoY revenue increase to ₹597.23 crore. EBITA grew 4.22% to ₹209.67 crore, with a 35.11% margin. PAT reached ₹102.73 crore. The company's subsidiary secured a $6 million contract, expanded its Scanalitix platform globally, and debuted on NSE. Despite these developments, the stock closed down 1.30% at ₹75.41.

12May 25

Magellanic Cloud Set to Acquire Finoux Solutions for ₹438.00 Crore

Magellanic Cloud's board has approved a share purchase agreement to acquire 100% equity in Finoux Solutions for approximately ₹438.00 crore. This strategic move aims to strengthen Magellanic Cloud's market position in the technology sector. The acquisition is expected to expand the company's portfolio and capabilities, potentially enhancing its service offerings and market reach.

06May 25

Magellanic Cloud Reports Mixed Q4 Results, Strong Full-Year Performance

Magellanic Cloud Limited (MCL) announced its Q4 and FY2025 financial results. Q4 saw revenue growth of 13.95% YoY to ₹15,634.98 crore, but net profit declined 42.63% to ₹2,232.98 crore. For FY2025, consolidated revenue increased 6.57% to ₹59,723.60 crore, while net profit remained stable at ₹10,269.06 crore. The IT/ITES segment grew 9.80%, offsetting declines in IT-Surveillance and Drone segments. Total assets rose to ₹88,893.21 crore, with cash and cash equivalents significantly increasing to ₹4,748.33 crore. Total equity grew 27.26% to ₹51,786.88 crore, indicating financial stability.

05May 25

Magellanic Cloud Reports Mixed Q4 Results: Revenue Up, Profits Down

Magellanic Cloud's Q4 financial results show a 13.9% year-over-year revenue increase to ₹1.56 billion. However, profitability declined with EBITDA falling to ₹452 million from ₹539 million, and EBITDA margin dropping to 28.90% from 39.26%. Consolidated net profit decreased to ₹223 million from ₹389 million year-over-year. The company faces challenges in maintaining profitability despite revenue growth.

24Mar 25

Magellanic Cloud Scraps Merger with Ivis International, Explores New Deal

Magellanic Cloud, a technology solutions company, has cancelled its previously announced merger scheme with Ivis International. However, the company is now evaluating a fresh merger proposal with the same partner. The specific reasons for the cancellation and details of the new merger scheme have not been disclosed. This development highlights the dynamic nature of the tech sector and the complexities involved in corporate mergers.

21Mar 25

Magellanic Cloud Scraps Previous Merger Plan with IVIS International, Explores New Scheme

Magellanic Cloud Limited (MCL) has cancelled its previously approved merger scheme with IVIS International Private Limited. The company's Board of Directors will meet on March 26, 2025, to discuss and potentially approve a fresh merger proposal under Section 233 of the Companies Act 2013. The board meeting will address the cancellation of the previous scheme, discuss new merger terms, and consider approving a fresh merger scheme between MCL and IVIS International.

20Feb 25

Magellanic Cloud Limited Reports Robust Q3 FY25 Performance with 19.6% Profit Surge

Magellanic Cloud Limited announced impressive Q3 FY25 results, with revenue reaching ₹151.4 crore, up 15.3% YoY. Profit after tax surged 19.6% QoQ to ₹29.2 crore, while EBITDA rose to ₹55.6 crore with a 36.7% margin. The company expanded internationally, launching Scanalitix in key markets and upgrading its AWS partnership. It secured a major Generative AI contract and expanded e-surveillance services in the BFSI sector. The company's performance reflects successful strategic initiatives in IT, ITES, and emerging technologies.