Magellanic Cloud’s arm secures LoI worth Rs 1.55 crore from RailTel

Magellanic Cloud Ltd. | IT - Software | IT & ITES | BSE: 538891 | NSE: MCLOUD

18 Mar 2026 Evaluate

Magellanic Cloud’s wholly owned subsidiary -- Provigil Surveillance has secured Letter of Intent (LoI) worth around Rs 1.55 crore (inclusive of taxes) from RailTel Corporation of India. The LoI pertains to installation of CCTV surveillance system including supply, installation, testing and commissioning. The LoI is to be executed within one month from commencement / issuance of formal ERP Purchase Order.

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Peers

Company Name	CMP
TCS	2071.70
Infosys	1003.00
HCL Technologies	1253.70
Wipro	161.70
Tech Mahindra	1543.30
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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