Magellanic Cloud 2025: merger reset, Rs 100-crore drone JV

Why Magellanic Cloud is in focus

Magellanic Cloud Limited is an India-based software and IT services company that also operates in e-surveillance, human capital solutions, and drones. The company describes its portfolio as covering software development, cloud computing, cybersecurity, enterprise IT consultancy, managed services, and digital transformation work. It also lists offerings such as product engineering, quality assurance, DevOps, data analytics, multi-cloud and DevOps automation, and process automation. Alongside IT services, it highlights drone solutions and e-security and surveillance as part of its business mix.

Recent disclosures and data points bring attention to two developments: a reset of its merger plan with IVIS International Private Limited, and a Rs 100-crore joint venture linked to drone manufacturing in India. Separately, deal consideration numbers for IVIS International Private Limited and Provigil Surveillance Limited also appear in the provided information, which adds context to the company’s inorganic growth track.

Business overview and operating segments

Magellanic Cloud Limited is engaged in IT solutions, e-surveillance and human capital, according to the company description provided. Its segments are listed as IT-Surveillance, IT/ information technology enabled services (ITES) Services, and Drone. The customer portfolio is described as spanning banking and financial services, logistics, public infrastructure, manufacturing, information technology, and the government sector.

Through its IT services vertical, the company says it supports organisations pursuing digital transformation through customised solutions in cloud computing, data analytics, AI/ML integration, enterprise application development, and infrastructure management. The same material also lists enterprise solutions and enterprise security as service lines.

Merger update: IVIS scheme cancelled, fresh scheme approved

A corporate announcement dated 26 March 2025 states that the board of directors met at 02:30 PM and concluded at 04:00 PM (IST). In that meeting, the board took note that the scheme of merger of Magellanic Cloud Limited (transferee company) with IVIS International Private Limited (transferor company) under Section 233 of the Companies Act 2013, which had been approved in the company’s 43rd AGM held on 15 July 2024, “hereby stands cancelled.”

The same announcement states that the board considered and approved a fresh scheme of merger between Magellanic Cloud Limited and IVIS International Private Limited as per Section 233 and relevant rules, along with SEBI regulations as applicable. The fresh scheme is stated to be “subject to the approval of shareholders and other regulatory authorities as may be applicable.”

This sequence is a procedural reset rather than a completed merger, based on the wording provided. The next steps, as described, depend on shareholder approval and regulatory clearances.

Drone push: Rs 100-crore JV for India manufacturing

The provided text also includes a separate news line: “Magellanic Cloud forms Rs 100-crore JV with Rayonix Tech, Israel's Xtend to make drones in India.” Beyond this line, no additional terms, timelines, or capacity details are included in the material.

Even with limited disclosure in the extract, the headline links Magellanic Cloud to drone manufacturing initiatives in India, alongside Rayonix Tech and Israel’s Xtend. This aligns with the company’s stated segment exposure to “Drone” and its listing of drone solutions in its service portfolio.

Deal considerations mentioned: IVIS and Provigil

Two consideration figures are included in the provided text:

• IVIS International Private Limited: total consideration approximately INR 291,03,00,000, subject to closing adjustments based on a share purchase agreement.
• Provigil Surveillance Limited: total consideration approximately INR 35,97,00,000, subject to closing adjustments based on a share purchase agreement.

Normalised to a single base unit (INR crore), these amounts work out to approximately:

• IVIS International Private Limited: Rs 291.03 crore
• Provigil Surveillance Limited: Rs 35.97 crore

The extract does not specify whether these considerations are completed, proposed, or linked to the merger scheme, and it does not provide dates for these transactions.

Stock and trading snapshot from the provided data

The material contains multiple price points. One snippet shows “Currency in INR” with 29.24, and a move of -2.29 (-7.26%), marked as “Closed.” Another snippet states Magellanic Cloud Ltd. share price moved up 0.30% from the previous close of Rs 26.89, with last traded price shown as Rs 26.97.

Because these appear as separate snapshots, they should be read as different points in time or different screens within the source data. The extract does not provide timestamps for these price readings.

Key company identifiers and leadership

The company is incorporated in 1981 and is based in Hyderabad, India. It was formerly known as South India Projects Limited. The material states the company was originally incorporated on 4 December 1981 with the Registrar of Companies Kolkata under the name “South India Projects Limited,” and the name change to “Magellanic Cloud Limited” took effect on 8 October 2018 as confirmed by the Ministry of Corporate Affairs.

It also lists:

• CIN: L72100TG1981PLC169991
• Listing reference: BSE Limited security code 538891 and security ID MCLOUD
• NSE symbol: MCLOUD
• Managing Director: Mr. Joseph Thumma

Independent directors listed include Priyanka Dharmesh Pandey (2025), Mayank Mahendra Shukla (2025), and Narasimha Rao Chundu (2026).

Contact and registered office details

The registered office address is given as: 6th Floor, Dallas Center, 83/1, Plot No A1, Knowledge City, Rai Durg, Hyderabad, Telangana 500032. The provided contact also includes phone 91 40 4336 6058 and website www.magellanic-cloud.com. For grievance redressal and investor matters, the material specifies contact to Mr. Sameer Lalwani, Company Secretary, at compliance@magellanic-cloud.com.

The registrars’ address is listed at 7th Floor, Room No. 7A & 7B, 3A, Auckland Place, Kolkata 700017, West Bengal, with telephone numbers 033-22806616, 22806617, 22806618.

Key numbers table: market metrics and deal values

Timeline recap of disclosed events

What these developments mean for investors to track

The merger reset indicates that the company’s combination plan with IVIS moved back into an approval cycle, with the fresh scheme explicitly subject to shareholder and regulatory approvals. Separately, the Rs 100-crore drone JV headline places drones alongside IT-surveillance as a visible strategic theme in the available material.

For investors following MCLOUD, the most concrete near-term triggers mentioned are procedural: shareholder actions and regulatory decisions related to the fresh merger scheme. Any additional impact from the drone JV or the referenced deal considerations would depend on further disclosures that are not included in the provided extract.

Conclusion

Magellanic Cloud Limited’s March 2025 board update cancelled the earlier IVIS merger scheme approved in July 2024 and approved a fresh scheme subject to shareholder and regulatory clearances. Alongside this, a Rs 100-crore drone JV headline and the company’s stated drone and surveillance segments keep attention on its diversification beyond core IT services. The next confirmed milestones in the extract are approvals and clearances for the fresh merger scheme, if and when pursued.