Magellanic Cloud Management Change
Magellanic Cloud Limited announced the resignation of Director Mr. Ravi Janarthanan effective June 03, 2026. The departure is attributed to personal reasons and other pre-occupations.
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Magellanic Cloud Limited announced the resignation of Director Mr. Ravi Janarthanan effective June 03, 2026. The departure is attributed to personal reasons and other pre-occupations.
Magellanic Cloud's subsidiary secured a ₹4.31 Crore contract from South Western Railway for CCTV installation. The project strengthens its railway surveillance portfolio with a six-month execution timeline.
Magellanic Cloud's subsidiary bagged a ₹9.72 Crore contract from East Coast Railway. The project involves deploying CCTV surveillance systems at 91 level crossing gates within six months.
Magellanic Cloud clarified to BSE that its auditors issued an unmodified opinion on FY26 results. This regulatory compliance filing addresses exchange queries regarding the original financial outcome.
Magellanic Cloud filed its Annual Secretarial Compliance Report for FY 2025-26. The report details historical compliance observations and confirms the company's current governance status.
Magellanic Cloud's subsidiary secured a ₹7.64 Crore CCTV surveillance contract from South Central Railway. The project includes installation and 5-year maintenance, strengthening its e-surveillance order book.
Magellanic Cloud reported a landmark FY26 with total revenue exceeding ₹706 Crore. Q4 FY26 revenue grew 25.5% year-on-year to ₹205.5 Crore, reflecting strong technology sector momentum.
Magellanic Cloud Ltd reported revenue from operations of ₹205.5 Cr (+31.5% YoY) and net profit of ₹29.5 Cr (+32.3% YoY) for Q4 FY26.
Magellanic Cloud Limited reported consolidated annual revenue of ₹706.32 Crore for FY26. Net profit for the year stood at ₹114.23 Crore, reflecting strong growth.
Magellanic Cloud Limited scheduled a board meeting on May 26, 2026, to approve annual audited financial results. The trading window remains closed until May 28.
Magellanic Cloud and Rayonix Tech incorporated MCRAY XTEND INDIA as a drone technology SPV. The company's 60% stake strengthens its indigenous UAV and defense manufacturing capabilities.
Magellanic Cloud's subsidiary bagged a ₹3.59 Crore CCTV surveillance contract from South-Western Railway. The project features AI-powered monitoring and has a six-month execution timeline.
Magellanic Cloud's subsidiary won a ₹3.44 Crore AI-led CCTV project from South Eastern Railway. This 15-month contract strengthens its presence in railway surveillance technology.
Magellanic Cloud Limited announced a ₹100 Crore (~$11 million) joint venture with Rayonix Tech and XTEND to manufacture advanced UAV systems in India. The JV will establish localized manufacturing and testing, leveraging XTEND's XOS operating system. This marks a major expansion into India's defense sector, supporting 'Make in India' initiatives.
Magellanic Cloud Limited signed a ₹150 Crore strategic collaboration agreement with Rayonix Tech Private Limited for UAV technology commercialization. The partnership involves forming a 60% owned SPV to manufacture drones in India, aimed at strengthening indigenous defense capabilities.
Magellanic Cloud Limited entered a strategic partnership with Rayonix Tech Private Limited valued up to ₹150 Crore. The collaboration focuses on local manufacturing and commercialization of warfare-grade UAVs and drones for India's defense ecosystem. The partnership supports the 'Atmanirbhar Bharat' vision through a planned Special Purpose Vehicle for autonomous drone technology.
Magellanic Cloud's subsidiary, Provigil Surveillance Limited, secured two orders worth ₹8.21 Crore from North Western Railway, Bikaner Division. The projects involve installing CCTV systems at 54 stations and TRD installations. The contracts have execution periods of 6 and 9 months, strengthening the company's railway security portfolio.
Magellanic Cloud Ltd has confirmed it does not fall under the criteria for Large Corporate (LC) classification as per SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144. This routine regulatory filing informs exchanges that the company is not subject to the specific debt-raising requirements mandated for larger entities.
Magellanic Cloud Limited has appointed Mr. Ravi Janarthanan as an Additional Director (Non-Executive, Non-Independent) effective April 11, 2026. An entrepreneur and global investor, Mr. Janarthanan brings expertise in aerospace, AI, and strategy to the board. This revised disclosure provides additional details regarding his profile and regulatory compliance.
Magellanic Cloud Limited has appointed Mr. Ravi Janarthanan as an Additional Director (Non-Executive, Non-Independent) effective April 11, 2026. An entrepreneur and global investor, Mr. Janarthanan brings expertise in aerospace, defense, AI, and energy sectors. This appointment strengthens the board's strategic oversight and innovation capabilities.