Joseph Sudheer Reddy Thumma | Business Upturn

Magellanic Cloud subsidiary secures Rs 3.44 crore contract with South Eastern Railway

Arunika Jain — Thu, 07 May 2026 13:55:04 +0000

Magellanic Cloud’s wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance (LOA) from South Eastern Railway, Kharagpur Division, for a project valued at ₹3.44 crore. The contract involves the provision of CCTV systems and the modernisation of infrastructure at Kharagpur and PKU Goods Sheds.

The scope of the project includes the supply, installation, commissioning, and integration of AI-led CCTV surveillance systems, along with networking infrastructure and centralised monitoring systems. This initiative is part of a broader move towards digitally connected railway ecosystems, where AI-based e-surveillance plays a crucial role in enhancing transport security and operational intelligence.

Joseph Sudheer Reddy Thumma, Global CEO and Managing Director of Magellanic Cloud, highlighted the importance of AI-based e-surveillance in large, high-movement zones such as goods sheds and cargo handling points. These systems can monitor movement patterns, detect unauthorised access, identify operational anomalies, and improve incident response in real-time.

The project reflects the increasing convergence of physical infrastructure with intelligent AI-powered digital systems, designed to support large-scale operational environments. Magellanic Cloud is focused on strengthening its presence in AI-powered e-surveillance, centralised monitoring systems, and critical infrastructure technology solutions across sectors like transportation and logistics.

This order marks a strategic expansion of Provigil’s surveillance capabilities, leveraging its expertise in high-reliability deployments. The contract is expected to be executed over a period of 15 months. Importantly, none of the promoter or promoter group companies have any interest in the entity that awarded the contract, and it does not fall within the purview of related party transactions.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Magellanic Cloud enters Rs 150 crore strategic agreement with Rayonix Tech

Business Desk — Tue, 28 Apr 2026 07:19:38 +0000

Magellanic Cloud Limited has announced a strategic investment and collaboration agreement with Rayonix Tech Private Limited, valued at up to ₹150 crore. The partnership aims to bolster India’s defence ecosystem by developing and supplying warfare-grade unmanned aerial vehicles (UAVs) and drones tailored to national security needs.

The agreement, dated 25 April 2026, focuses on local manufacturing, deployment, and scaling of next-generation UAV solutions. This initiative aligns with the Government of India’s Atmanirbhar Bharat vision, which seeks to enhance self-reliance in defence production. The collaboration is expected to significantly strengthen India’s indigenous defence manufacturing capabilities, providing access to advanced autonomous drone technologies for tactical operations, surveillance, reconnaissance, and security applications.

The terms of the agreement include the formation of a Special Purpose Vehicle (SPV) to facilitate the manufacturing and commercialisation of UAVs and drones in India. The partnership covers technology support, investment, and joint execution, aiming to enhance indigenous defence and security capabilities.

The agreement does not involve any change in management or control of Magellanic Cloud Limited. Additionally, there are no related party transactions, and none of the promoter or promoter group companies have any interest in the agreement.

The SPV will include board representation from both Magellanic Cloud and Rayonix Tech, ensuring a collaborative approach to the project’s execution. No potential conflicts of interest have been identified in this agreement.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Magellanic Cloud subsidiary secures Rs 8.21 crore order from North Western Railway

Yash Agarwal — Fri, 24 Apr 2026 11:27:32 +0000

Magellanic Cloud’s wholly owned subsidiary, Provigil Surveillance Limited, has received two significant orders from North Western Railway, Bikaner Division, amounting to approximately ₹8.21 crore. These orders involve the provision of comprehensive CCTV systems across various locations.

Provigil Surveillance Limited will supply, install, commission, and integrate CCTV cameras at all PRS and UTS cum PRS counters at 54 stations, covering 64 locations in the Bikaner Division. The contract for this project is valued at approximately ₹4.93 crore and is expected to be completed within nine months.

Additionally, the subsidiary will provide IP-based CCTV systems for remote surveillance of TRD installations, including Switching Posts, Sub Sectioning Posts, Traction Sub Stations, and Depots across the Bikaner Division. This project, valued at approximately ₹3.28 crore, includes the supply, installation, testing, commissioning, and integration of CCTV systems along with associated infrastructure such as NVRs, storage, networking equipment, UPS, and connectivity solutions. The execution period for this contract is six months.

These orders are part of ongoing contracts secured by Provigil Surveillance Limited, reflecting Magellanic Cloud‘s expanding footprint in the railway surveillance and security solutions sector. The repeat business highlights customer confidence in the company’s execution capabilities, further strengthening its consolidated order book and enhancing revenue visibility.

Magellanic Cloud has clarified that none of its promoters, promoter group, or group companies have any interest in the entity that awarded the orders. Furthermore, these contracts do not qualify as related party transactions.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Magellanic Cloud discloses over 10 crore pledged shares in revised SEBI filing

Business Desk — Mon, 20 Apr 2026 13:06:23 +0000

Magellanic Cloud Limited has submitted a revised disclosure to the National Stock Exchange of India, highlighting that a total of 10,78,55,554 equity shares are pledged as of 31st March 2026. This revision follows a previous submission that contained a typographical error.

The revised disclosure, made under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirms that no new encumbrances have been created by the promoters or the promoter group during the financial year ending March 31, 2026. The company has ensured that all encumbrances have been duly reported to the stock exchanges in compliance with the applicable regulations.

The shareholding details of the promoters and promoter group as of 31st March 2026 are also provided in the filing. Joseph Sudheer Reddy Thumma, a promoter, holds 21,14,66,356 shares, representing a 35.899% stake in the company. Jagan Mohan Reddy Thumma, another promoter, holds 47,000,000 shares, accounting for 7.979% of the shareholding. Other members of the promoter group, including Innamma Thumma and Dennis Reddy Thumma, hold 25,292,980 shares (4.294%) and 34,141,740 shares (5.796%), respectively.

The filing was signed by Joseph Sudheer Reddy Thumma, a promoter of the company, and was submitted from Hyderabad on 20th April 2026.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Magellanic Cloud reports 10.94 crore equity shares pledged by promoters

Yash Agarwal — Tue, 07 Apr 2026 12:29:22 +0000

Magellanic Cloud Limited has disclosed that its promoters and promoter group have pledged a total of 10,94,83,767 equity shares as of 31st March 2026. This information was revealed in a regulatory filing under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The filing confirmed that all encumbrances created by way of pledging equity shares have been duly disclosed to the stock exchanges during the financial year ended March 31, 2026. Additionally, the promoters assured that no new encumbrances were created during this period, apart from those already disclosed.

The shareholding details as of 31st March 2026 indicate that Joseph Sudheer Reddy Thumma, a promoter, holds 211,466,356 shares, accounting for 35.899% of the total shareholding. Jagan Mohan Reddy Thumma, another promoter, holds 47,000,000 shares, representing 7.979%. The promoter group members, including Innamma Thumma and Dennis Reddy Thumma, hold 25,292,980 shares (4.294%) and 34,141,740 shares (5.796%), respectively. Boyapati Inna Reddy, also part of the promoter group, holds 437,760 shares, which is 0.074% of the total shareholding.

The company has requested the stock exchanges to take note of this disclosure and acknowledge receipt.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Magellanic Cloud secures Rs 2 crore contract from Central Railway

Arunika Jain — Wed, 25 Mar 2026 09:56:41 +0000

Magellanic Cloud Limited’s wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance from Central Railway, Bhusawal Division, for a contract valued at approximately ₹2 crore. The contract involves the supply, installation, commissioning, and maintenance of CCTV cameras mounted on metallic poles, with video data stored in Network Video Recorders (NVRs) installed inside LC Gate buildings.

Each station and LC Gate will have independent equipment for control and monitoring, along with a centralised command and control centre at Bhusawal for monitoring and operation of the CCTV systems. The system will also be equipped with AI-based surveillance features to enable smarter monitoring and improved operational efficiency.

The contract has been awarded by a domestic entity, Central Railway, and is expected to be executed within a six-month timeframe. Importantly, none of the promoter or promoter group companies have any interest in the entity that awarded the contract, and the order does not fall under related party transactions.

Magellanic Cloud Limited, formerly known as South India Projects Limited, continues to expand its portfolio with this new contract, further establishing its presence in the surveillance and security sector.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Magellanic Cloud subsidiary secures Rs 10 crore order from Indian Bank

Business Desk — Wed, 25 Mar 2026 09:43:03 +0000

Magellanic Cloud’s wholly owned subsidiary, Provigil Surveillance Limited, has secured a significant purchase order from Indian Bank valued at approximately ₹10 crore. The order entails the deployment of advanced AI-powered, centrally monitored electronic surveillance systems across multiple branch locations under an OPEX model. This initiative is expected to enhance smart monitoring, real-time visibility, and security management across the bank’s network.

The contract, awarded by a domestic entity, involves the supply, installation, commissioning, and maintenance of the electronic surveillance systems. The project is scheduled to be executed over a period of three years.

Importantly, none of the promoter, promoter group, or group companies of Magellanic Cloud have any interest in the entity that awarded the contract, and the order does not fall within the realm of related party transactions.

This development underscores Magellanic Cloud’s strategic focus on leveraging technology to provide innovative solutions in the surveillance sector, further solidifying its position in the industry.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Magellanic Cloud secures Rs 39 crore order from multinational company

Arunika Jain — Fri, 20 Mar 2026 13:51:26 +0000

Magellanic Cloud Limited’s step-down subsidiary, Motivity Labs Inc. (USA), has secured significant purchase orders from a leading multinational company, with a combined contract value of approximately USD 4.70 million (around ₹39 crores). This strategic order win underscores the company’s strong positioning in the global technology and data engineering sector.

The scope of work for these contracts includes advanced data engineering, analytics, infrastructure support, and programme management services. These engagements are part of large-scale projects, reflecting the continued trust of global enterprises in Magellanic Cloud‘s capabilities and execution strength.

The orders are expected to be executed over the calendar year 2026, contributing significantly to the company’s revenue visibility and growth momentum. Magellanic Cloud continues to focus on expanding its global footprint and strengthening relationships with marquee clients, thereby enhancing long-term shareholder value.

Importantly, none of the promoter or promoter group companies have any interest in the entity that awarded the order, and the transaction does not fall under related party transactions.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

This article is written by Arunika Jain and reviewed by Aman Shukla before publication.