Magellanic Cloud Ltd

UBO update for Balaji Malts

• NSE observed Balaji Malts' UBO details and triggered update.
• UBOs for Balaji Malts: Prasun Jodhani, Nirmal Kumar Jodhani, Sangita Jodhani.
• Additional UBOs: Saket Jodhani; Surendra Kumar Jodhani is UBO of Jodhani Papers Private Limited.
• Nos. 1–4 Balaji Malts UBOs also belong to Jodhani Papers Private Limited.
• Update forms part of EGM Notice (June 25, 2026) and Corrigendum (July 20, 2026).

LOA win and FY27 order momentum

• Provigil Surveillance Limited received LOA from Western Railway, Ratlam Division for ₹7,91,60,064.53.
• Scope includes supply, installation, testing and commissioning of integrated e-surveillance and telecom across 40+ gates.
• Group orders for FY27 now exceed ₹111 crore.
• Provigil strengthens railway, telecom, and critical infrastructure capabilities.
• Supports Indian Railways modernization by deploying surveillance backbone.

LOA details

• LOA awarded to Provigil Surveillance Limited for ₹7.92 crore e-surveillance project.
• Scope includes supply, installation, testing and commissioning of cameras, telecom gear, OFC, cabling.
• Contract covers 40+ manned non-interlocked level crossing gates in Ratlam Division.
• Group orders this year exceed ₹111 crore, indicating strong momentum.

Key Update

• IVIS International Private Limited, Magellanic Cloud's wholly owned subsidiary, received a second purchase order.
• Capri Global Capital Limited is the customer behind the order.
• The order expands pan-India deployment of Integrated E-Surveillance & Vault Operation Solution.
• Deployment will cover additional BFSI sites across India.
• MD Joseph Sudheer Thumma says the expansion strengthens BFSI presence and capabilities.

Capri Global PO to IVIS

• IVIS International Pvt Ltd, Magellanic Cloud subsidiary, received a second purchase order from Capri Global Capital Limited.
• Order covers deployment of Integrated E-Surveillance & Vault Operation Solution across additional sites pan-India.
• Contract awarded in ordinary course and aligns with core surveillance solutions business.
• No financial amount disclosed for the purchase order.
• Expansion reinforces BFSI sector engagement and AI-enabled surveillance capabilities.
• Company remains focused on expanding partnership with Capri Global Capital Limited.
• No regulatory approvals noted as pending.

Overview

• Press release reports continuous order wins totaling ₹111.04 Crore, boosting revenue visibility.

Key orders and milestones

• 24 Apr 2026 Northwestern Railway: ₹8.21 Crore surveillance project.
• 7 May 2026 Southeastern Railway: ₹3.44 Crore AI-led e-surveillance.
• 11 May 2026 South-Western Railway: ₹3.59 Crore surveillance.
• 29 May 2026 South Central Railway: ₹7.64 Crore e-surveillance.
• 2 Jun 2026 East Coast & South Western Railway: ₹4.31 Crore; order book beyond ₹250 Crore.
• 20 Jun 2026 East Central Western Railway: ₹3.13 Crore surveillance order.
• 30 Jun 2026 Manappuram Finance: LOI for AI-powered e-surveillance across 1,000+ branches.
• 6 Jul 2026 South Central Railway: ₹6.25 Crore order.
• 13 Jul 2026 South Central Railway: ₹6.93 Crore order; weekly total ₹13.18 Crore.
• 29 Jul 2026 Global Technology Giant: PO US$1.21m (~₹11.62 Crore).
• 30 Jul 2026 GAIL (India) Limited: ₹12.76 Crore order.
• 7 Aug 2026 Western Railway: ₹12.13 Crore order.
• 12 Aug 2026 PNB: ₹18.4 Crore e-surveillance across 1,000 ATM sites.
• 13 Aug 2026 DFCCIL LOA: ₹3.73 Crore for CCTV across Western DFC.
• 18 Aug 2026 DFCCIL: ₹8.90 Crore IP-based CCTV order.

Management commentary

• MD highlights ongoing order momentum and increased revenue visibility from diversified, scalable platform.

Outlook

• Company aims to build on momentum through FY27 across technology, e-surveillance and digital infrastructure.

Contract win

• Provigil Surveillance Limited received LOA from DFCCIL for ₹8.90 crore.
• Engagement covers five years of SITC and O&M for IP-based CCTV systems.
• Scope includes Command and Control Centre infrastructure and surveillance systems.

LOA win details

• Provigil Surveillance Limited, a wholly owned Magellanic Cloud subsidiary, receives LOA from DFCCIL.
• Contract value: ₹8,89,99,860 (~₹8.89 crore) for 5-year IP-based CCTV project.
• Scope: SITC and O&M on OPEX basis for 5 years.
• Locations: DFCCIL sites between New Palanpur and New Gothangam under CGM/ADI, WDFC.
• Tech features: IP-based CCTV with AI-enabled analytics, central storage, and surveillance management.
• Strategic impact: strengthens order book and expands footprint in transportation.
• Contract awarded in ordinary course of business; aligns with core offerings.
• No revenue or profitability figures disclosed.
• LOA status: awarded; project execution to follow as per normal course.
• Subsidiary structure unchanged; Provigil Surveillance Limited remains wholly owned.

Financial results approved

• Unaudited standalone and consolidated results for quarter ended 30 June 2026 approved, with Limited Review Reports.

Auditor remarks

• Independent auditor concluded no material misstatement in the standalone results.

Strategic investment / joint venture

• Entered into Strategic Investment and Collaboration Agreement with Rayonix; USD 160 million capex/opex commitment; ₹12.50 crore paid.

Subsidiary rights issue

• Scandron Private Limited right issue; stake raised to 92.11%; NCI reduced to 7.89%.

Labour codes impact

• New Labour Codes require one-time past service cost; recognised as consolidated exceptional item (₹164.18 Lakhs).