Magellanic Cloud Limited disclosed that its wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance (LOA) from South Central Railway, Nanded Division for an aggregate value of approximately ₹7.64 crore.
The contract involves provision of IP-based CCTV surveillance systems across stabling lines, washing yards and pit lines under Nanded Division, including installation, networking infrastructure and 5-year Comprehensive Annual Maintenance Contract (CAMC) support.
Key Contract Details from Annexure A:
- Awarding Entity: South Central Railway, Nanded Division
- Contract Nature: Supply, installation, testing, commissioning and maintenance of IP-based CCTV surveillance systems
- Execution Timeline: 12 months
- Contract Value: ₹7.64 crore (approximate)
- Entity Type: Domestic entity
- Related Party Status: No interest by promoters/promoter group/group companies in the awarding entity; not a related party transaction
The company stated that this order strengthens its ₹200+ crore e-surveillance order book and reinforces its credibility in executing large-scale Railway and PSU projects. The disclosure emphasizes the company's execution capabilities, domain expertise and increasing credibility in delivering integrated surveillance and security solutions across critical infrastructure.
The disclosure was made pursuant to Regulation 30 read with Schedule III (Para B) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular dated January 30, 2026 (Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026).
The information was digitally signed by Joseph Sudheer Reddy Thumma, Chairman & Managing Director (DIN: 07033919) and will be available on the company's website at www.magellanic-cloud.com.