Attached herewith the Disclosure Under Regulation 30
MCLOUD · price
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Magellanic Cloud's wholly owned subsidiary Provigil Surveillance Limited has received a Letter of Acceptance (LOA) from South Eastern Railway, Kharagpur Division for an order worth approximately ₹3.44 crore. The project involves supply, installation, commissioning, and integration of AI-led CCTV surveillance systems at Goods Sheds in Kharagpur and PKU, along with networking infrastructure and centralized monitoring systems. The infrastructure modernization project has a completion timeline of 15 months. This is a domestic order with no related party involvement. The company sees this as a strategic expansion in AI-powered e-surveillance for transportation and logistics sectors.
A positive development showcasing the company's growing presence in AI-based railway surveillance, though the ₹3.44 crore order size is modest relative to the company's scale. Shareholders may view this as a validation of the firm's strategic focus on intelligent monitoring solutions for critical infrastructure.