Magellanic Cloud revises FY26 promoter share pledge disclosure

magellanic cloud has revised its disclosure regarding the pledging of promoter shares for the financial year ended March 31, 2026. The company submitted the revised filing to the Bombay Stock Exchange and the National Stock Exchange on April 20, 2026, to correct a typographical error in its earlier submission under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The disclosure confirms that the details of encumbrances created by way of pledge over equity shares have been duly disclosed to the stock exchanges during the financial year. The promoters stated that, save and except the encumbrances already disclosed, no additional encumbrance has been created directly or indirectly during the said financial year.

Shareholding and Pledging Details

As on March 31, 2026, an aggregate of 10,78,55,554 equity shares held by the promoters and promoter group stand pledged. The total shareholding of the promoter and promoter group in the company is detailed below:

Name Category Total number of Shares held Percentage Shareholding JOSEPH SUDHEER REDDY THUMMA Promoter 211466356 35.899% JAGAN MOHAN REDDY THUMMA Promoter 47000000 7.979% INNAMMA THUMMA Promoter Group 25292980 4.294% DENNISREDDY THUMMA Promoter Group 34141740 5.796% BOYAPATI INNA REDDY Promoter Group 437760 0.074%

The filing was made on behalf of all promoters of Magellanic Cloud Limited by Joseph Sudheer Reddy Thumma. The company requested the exchanges to take the revised disclosure on record and acknowledge receipt of the same.

Magellanic Cloud Limited's wholly owned subsidiary, Provigil Surveillance Limited, has secured a Letter of Acceptance (LOA) from South-Western Railway, Bengaluru Division, for a CCTV surveillance project worth approximately ₹3.59 Crore. The disclosure, dated May 11, 2026, was made pursuant to Regulation 30 read with Schedule III (Para B) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI Circular dated November 11, 2024.

Project Scope and Key Details

The project entails the Replacement and Additional Provision of CCTV Surveillance System at Mysuru Railway Station under South-Western Railway. The scope of work is comprehensive, covering the supply, installation, testing, commissioning, and integration of advanced surveillance infrastructure. Key components of the system include:

VMS, VAS & FRS integration

PTZ, Bullet, Dome, and 4K UHD Cameras

Video Analytics Servers and Storage Systems

Networking Infrastructure and UPS Systems

Centralized monitoring infrastructure with failover architecture

The following table summarises the key parameters of the order as disclosed under the SEBI circular:

Parameter: Details Awarding Entity: South-Western Railway, Bengaluru Division Nature of Order: Supply, installation, testing, commissioning and integration of CCTV surveillance and networking systems Project Description: Replacement and Additional Provision of CCTV Surveillance System at Mysuru Railway Station Order Value: ₹3.59 Crore (approx.) Execution Timeline: 6 Months Order Type: Domestic Related Party Transaction: No Promoter/Group Interest: No

Management Commentary

Commenting on the development, Joseph Sudheer Reddy Thumma, Chairman & Managing Director, Magellanic Cloud Limited, stated, "Our growing presence in railway surveillance projects highlights the accelerating shift toward technology-driven infrastructure modernization across India. Large-scale transport environments today require surveillance systems that can do far more than record footage; they need intelligent systems capable of delivering real-time visibility, operational insights, and proactive monitoring. Through our AI-powered surveillance capabilities, we aim to support the creation of smarter, safer, and more digitally resilient public infrastructure for the future."

Compliance and Disclosures

The company has confirmed that none of the promoter, promoter group, or group companies have any interest in South-Western Railway, the entity that awarded the order. Additionally, the contract does not fall within the purview of related party transactions. The disclosure was filed in compliance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, read with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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