Magellanic Cloud Limited has informed the Exchange regarding 'Pursuant to Regulation 30 read with Schedule III Part A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015, we would like to inform you that our subsidiary company, i.e., Scandron Private Limited has received an Order worth Rs. 5,00,00,000 (Five Crore Rupees) basic value for supply of Drones.None of the promoter/promoter group/group companies have any interest in the entity that awarded the order/contract. Further, the order/contract would not fall within the purview of related party transaction.We request you to kindly take the above information on your records.'.
MCLOUD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.5 pts more than Nifty Microcap 250 and 3.8 pts more than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Magellanic Cloud Limited informed the exchanges that its subsidiary, Scandron Private Limited, has received an order valued at Rs. 5 Crore (basic value) for the supply of drones. The disclosure was made under SEBI Listing Obligations and Disclosure Requirements (Regulation 30, Schedule III Part A). The company clarified that no promoter, promoter group entity, or group company has any interest in the entity that awarded the order. The transaction is not a related party transaction.
This is a positive business update showing the subsidiary is winning orders in the drone segment, which could support future revenue growth. However, without details on the buyer or the size relative to the company's overall revenue, the near-term stock impact is likely to be modest.