MAGELLANIC CLOUD LIMITED

Magellanic Cloud Limited was originally incorporated with Registrar of Companies, Kolkata dated December 4, 1981 as 'South India Projects Limited'. The name of the Company was changed to 'Magellanic Cloud Limited' on October 8, 2018 confirmed by the Ministry of Corporate Affairs. The Company is engaged in the business of IT solutions, E - Surveillance and Human Capital. Prior to this, it was engaged in the business of securities trading and investment. During the Financial Year 2014-15, the total issued and paid-up Capital of the Company increased from Rs. 1,99,56,500/- to Rs. 3,03,33,880/- of face value of Rs. 10/- each pursuant to allotment 10,37,738 bonus shares of face value of Rs. 10/- each on 21st May 2014 at a ratio of 13:25 (i.e., thirteen equity shares for every twenty five equity shares already held) to the members of the Company. The Company received the listing approval from the BSE Limited vide their Notice No. 20150119-19 dated 19th January, 2015 for the enlistment of entire equity and paid-up share capital of 30,33,388 equity shares of the face value of Rs. 10/- each of the Company on the BSE Limited. Thus, the equity shares of the Company are presently listed on both The Calcutta Stock Exchange Ltd. [CSE] and BSE Limited [BSE]. During the financial year under review 2016, in order to diversify the business of the company the new object clause was inserted in Main object clause of the Company, to commence the Information Technology and software related businesses. During the financial year under review 2015-16, Mr. Joseph Sudheer Reddy Thumma and Mr. Jagan Mohan Reddy Thumma had entered into Share Purchase Agreement dated April 08, 2015 with the earlier Promoters/ Promoter Group of the Company to acquire in aggregate 1,229,346 equity shares of Rs. 10/- each representing 40.53% of the total equity and voting share capital of the Company at a price of Rs. 25/- per fully paid-up equity share. The Open Offer was made for acquisition of more than 26% of the equity and voting share capital of the Company in compliance with SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. During the financial year 2015-16, in order to diversify the business of the Company, the New Object Clause was inserted in Main object Clause of the Company, to commence the Information Technology and software related businesses. In order to diversify the business of the Company the new object clause was inserted in Main object Clause of the Company, to commence the Human resource related businesses along with existing business activities in 2016-17. The Company has diversified its business plan in the field related with providing Manpower placement and recruiting, Selecting, Interviewing, Training and Employing all types of executives, Middle Management Staff, Junior Level Staff, Workers, Labor's Skilled/Unskilled required by various Industries and organizations. The Company has also entered into Food and Beverage business by insertion of new business activities in the MOA in 2019-20. The Company also opened a Branch office in USA in the name of 'Magellanic Cloud USA, Inc.' in 2019. In 2022, the Company acquired the entire equity stake in IVIS International Private Limited and thereby became its wholly-owned subsidiary on 1st May, 2022 and similarly acquired entire equity stake in Provigil Surveillance Limited in May, 2022. During the year 2022-23, the Company has added new activities in their main object clause such as to develop, provide, undertake, design, import, export, distribute and deal in Systems and application software for microprocessor based information systems, off shore software development projects, internet service provider, and solutions in all areas of application including those in Emerging niche segments like Internet and Intranet website applications solutions software enterprise, resource planning, e-commerce, value added products, Remotely Piloted Aircraft System (RPAS) like Drones and others, Metaverse Technologies such as Virtual reality (VR), augmented reality (AR) and Internet of Things (IoT) technologies. The Company acquired 70% shares of Scandron Private Limited in 2023. In 2024, iVIS, the subsidiary of the Company, has experienced a five-fold expansion from production to commissioning by leveraging technology and automation to enhance efficiency and increase production scale. The Company's subsidiary company received design and specification license i.e. type certification from Directorate General of Civil Aviation for Cargo and Logistic Drones on 02nd February 2024. Magellanic Cloud vide its subsidiary Scandron Private Limited has secured its first major logistics drone order from an Indian robotics firm, valued at Rs 43 crore in FY24. In FY 2024-25, Company embedded GenAI accelerators across verticals-from software delivery to e-surveillance analytics and intelligent drone command systems. It secured DGCA-type certification for the logistics UAVs. Further, it launched India's most powerful 200kg-payload drone. It acquired the Motivity Labs business vertical to become the digital transformation backbone for global enterprises. E- Surveillance business has expanded its footprints rapidly across industrial ecosystems, in capital-intensive sectors such as manufacturing, mining, cement, and railway infrastructure. Scanalitix, the flagship product launched in Dubai in October, 2024. The company's SaaS platform Scanalitix reached new international markets with deployments in the United States and expanded coverage across Dubai, Oman, and Canada. The Company's drone subsidiary, Scandron, received its second DGCA certification reporting for small category agri drone in FY 2025. Company initiated a new project focused on Oracle ERP migration, enhancing its enterprise cloud service delivery. Meanwhile, IVIS, Magellanic Cloud's e-surveillance arm, gained high visibility by participating in three major expos in Delhi and Mumbai, and also secured ONVIF certifications for Profile, G, T, & S.