Magellanic Cloud Limited has informed the Exchange about Bagging/Receiving of orders/contracts
MCLOUD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Magellanic Cloud Limited's step-down US subsidiary, Motivity Labs Inc., has won multiple purchase orders from a leading multinational company valued at approximately USD 4.70 million (around INR 39 crores). The scope covers advanced data engineering, analytics, infrastructure support, and program management services. The orders are international in nature and are expected to be executed over calendar year 2026. The company clarified that the order is not a related party transaction and that promoters have no interest in the awarding entity. The win is positioned as strengthening the company's global technology and data engineering footprint.
This is a positive development that adds meaningful revenue visibility (~INR 39 crores) for FY2026 and reinforces the company's credibility with global enterprise clients. The international, USD-denominated order also diversifies revenue geographically and in hard currency, which may be viewed favorably by the market.