Magellanic Cloud Limited announced through a regulatory filing and press release that the physical premises for its advanced Unmanned Aerial Vehicle (UAV) manufacturing and testing facility are now ready. This facility operates under MCRAY XTEND INDIA PRIVATE LIMITED ("MCRAY"), a joint venture established in April 2026 with Rayonix Tech in collaboration with Israel-based XTEND.

The facility is designed to support phased deployment of manufacturing, assembly, system integration, testing, and distribution capabilities for tactical drone systems. Production and testing capabilities will be deployed in phases, with commercial operations planned to commence progressively in alignment with Indian defence and security requirements.

Key Details

  • Joint Venture Structure: Magellanic Cloud holds a 60% equity stake in MCRAY XTEND INDIA PRIVATE LIMITED
  • Technology Partnership: MCRAY is positioned as the exclusive manufacturing and distribution partner in India for select platforms running on XTEND's proprietary XOS operating system
  • Platform Portfolio: The facility will support assembly and rollout of tactical platforms including Wolverine (AI-assisted tactical and combat operations), Scorpio 500 & Scorpio 1000 (precision strike capabilities and extended-range reconnaissance), XTENDER (micro-ISR indoor and outdoor surveillance), and Honey Badger (rugged operations in harsh environments)
  • Strategic Alignment: The project aligns with Aatmanirbhar Bharat objectives and aims to participate in government defence initiatives

Business Model

The proposed business model combines tactical platform sales with potential software licensing, localized maintenance, repair & overhaul (MRO), and lifecycle support services. The collaboration may support future export opportunities subject to applicable approvals and regulatory requirements.

Management Commentary

Mr. Joseph Sudheer Reddy Thumma, Chairman & Managing Director, stated: "The readiness of the premises for our UAV facility under the previously announced joint venture is an important step in strengthening our defence technology capabilities. Through MCRAY and our collaboration with Rayonix Tech and XTEND, we intend to develop local capabilities for advanced autonomous systems and pursue opportunities to serve India's evolving defence and security requirements."

Forward-Looking Statements

The release contains forward-looking statements regarding future plans, expected commencement of commercial operations, product rollouts, defence procurement opportunities, and business outlook, which are subject to risks and uncertainties including regulatory approvals, operational timelines, changes in defence procurement policies, and market conditions.