Magellanic Cloud Limited has informed the Exchange about Receipt of order for E-surveillance System.
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Magellanic Cloud Limited's wholly-owned subsidiary, Provigil Surveillance Limited, has received a purchase order to implement E-surveillance systems across approximately 1,300 sites. The order is valued at Rs. 7.5 crores annually, with a total potential value of around Rs. 22.5 crores over a three-year period. The order has been awarded by a regular customer and is not a related-party transaction. The disclosure has been made under SEBI Regulation 30, indicating that the company views it as a material event. The order strengthens the order book of Provigil Surveillance in the electronic surveillance segment.
Positive near-term sentiment as the order provides multi-year revenue visibility for the subsidiary's surveillance business. For a small-cap company, a Rs. 22.5 crore order is meaningful, though execution across 1,300 sites will be key to tracking actual benefits.