Press Release

October 22, 2026 Bombay Stock Exchange Limited, National Stock Exchange of India Ltd., Dept. of Corporate Services, Dept. of Corporate Services, S1c4ri pF lCooodr,e P: .5J. 3T8o8w9e1r/s,S Dcrailpal ISDtr: eMetC, L OUD ESyxmchbaongl:e M PClaLzOa,U BDa/nSderrai-e Ks:u ErlQa Complex, F ort, Mumbai - 400001 B andra (East), Mumbai - 400051 Sub: Submission of Press Release – Magellanic Cloud Limited’s Wholly Owned Subsidiary, Provigil Surveillance Limited, Emerges as L1 Bidder in Bank of Maharashtra’s E-Surveillance Tender with a Bid Value of approx. ₹228 Crore. Please find enclosed here with the Press Release regarding the L1 (lowest) bidder status of Provigil Surveillance Limited, a wholly owned subsidiary of Magellanic Cloud Limited, in the tender issued by Bank of Maharashtra for e-surveillance solutions across 1,550+ sites, with a project value of approximately ₹115 Crore. The same will be made available on the website of the Company, i.e. www.magellanic-cloud.com We request you to kindly take the above on record Thanking You, For Magellanic Cloud Limited Y ours faithfully, Joseph Sudheer Reddy Thumma Chairman & Managing Director DIN: 07033919 MAGELLANIC CLOUD LIMITED Formerly known as South India Projects Limited CIN: L72100TG1981PLC169991 Registered Office: 6th Floor, Dallas Center, 83/1, Plot No A1 Knowledge City, Rai Durg Hyderabad Rangareddi TG 500032 Telephone No.: 040-46515454 www.magellanic-cloud.com info@magellanic-cloud.com Magellanic Cloud’s Wholly Owned Subsidiary Provigil Surveillance Limited Emerges as L1 Bidder in Bank of Maharashtra’s E-Surveillance Tender with a Bid Value of approx. ₹228 Crore Scope Spans E-Surveillance Across 1,550+ Sites and Operation of a 24/7 Central Monitoring Station Upon Award, the Opportunity Would Further Strengthen Magellanic Cloud’s Presence in the BFSI E- Surveillance Segment Hyderabad, India | October 22, 2026: Provigil Surveillance Limited L1 (lowest) bidder in the tender issued b yM Baagnelkla onfic M Calohuadr aLshimtritaed (NSE: MCLOUD | BSE: 538891) announced that its wholly owned subsidiary, ₹115 Crore, has emerged as the for the provision of e-surveillance solutions across 1,550+ sites, with a project value of approximately . The scope of work under the tender includes the supply, installation, and commissioning of e-surveillance systems with advanced AI features, along with the operation of a 24/7 Central Monitoring Station. The aEw-Saurrdv oefi ltlhaen ccoen itnr aBcat nrkeminagi:n Sse scuubrjiencgt tDo itshter iibsusuteandc Ne eotfw ao forkrms al order by Bank of Maharashtra. Banks operate large, geographically distributed networks of sites that require round-the-clock security and monitoring. E-surveillance lets these sites be monitored remotely from a centralized station, so oversight is consistent, and incidents can be responded in time across locations. As banks continue to modernize their security infrastructure, centrally monitored e-surveillance has become an important part oKfe hyo Hwi gshecliugrhittys is managed across their networks. L1 Bidder with a Project Value of approx. ₹115 Crore: • Coverage Across 1,550+ Sites: Provigil Surveillance Limited has emerged as the L1 (lowest) bidder in the tender issued by Bank of Maharashtra. • Scope of Work: The tender covers the provision of e-surveillance solutions across 1,550+ sites. • Subject to Form Saul pApwlya, rinds:tallation and commissioning of e-surveillance systems with advanced AI features, along with the operation of a 24/7 Central Monitoring Station. • The award of the contract remains subject to the issuance of a formal Strengthoerdneinr gb yP Breasnekn ocfe M inah BaFrSasI hEt-rSau. rveillance This development represents a significant opportunity for Provigil Surveillance Limited. Upon award, it would further strengthen Magellanic Cloud’s presence in the Banking, Financial Services and Insurance (BFSI) e-surveillance segment. The bid is in the ordinary course of business of Provigil and is aligned with its core business of providing integrated surveillance, telecommunications and security infrastructure solutions. Magellanic Cloud remains committed to delivering high-quality, efficient and reliable solutions and will continue to pursue similar opportunities across the BFSI, transportation, government and critical infrastructure sectors. MAGELLANIC CLOUD LIMITED Formerly known as South India Projects Limited CIN: L72100TG1981PLC169991 Registered Office: 6th Floor, Dallas Center, 83/1, Plot No A1 Knowledge City, Rai Durg Hyderabad Rangareddi TG 500032 Telephone No.: 040-46515454 www.magellanic-cloud.com info@magellanic-cloud.com Management Commentary From the Chairman & Managing Director’s Desk M“Wr.e J oasree pphle Sausdedh ethera tR Perdodvyi gTilh Suumrvmeail,l aCnhcaeir Lmimanit e&d M haans aegminegrg Deidr eacst othre, M L1ag beildladneirc i Cn lBouadnk L oimf Miteadh,a sraaisdh: tra’s e-surveillance tender covering 1,550+ sites. The scope includes the operation of a 24/7 Central Monitoring Station and is closely aligned with Provigil’s core business of integrated surveillance and security infrastructure solutions. Subject to the formal award, this opportunity would further strengthen our presence in the BFSI e-surveillance segment. We remain focused on delivering high-quality, efficient and reliable solutions.” M agellanic Cloud Limited will keep the stock exchanges and shareholders informed of any further mAbaoteurti aMl daegveelllaonpimc eCnlotsu idn Lthimis irteegda rd, in accordance with applicable regulatory requirements. Magellanic Cloud Limited (NSE: MCLOUD | BSE: 538891), headquartered in Hyderabad, India, is a global technology company specializing in digital transformation, Generative Artificial Intelligence (AI), cloud computing, e-surveillance, and drone technologies. The company delivers advanced solutions across industries, including smart infrastructure, defense, fintech, and enterprise IT, serving over 100 clients across the USA, Europe, and Asia. With a strong ecosystem of subsidiaries - Motivity Labs, Provigil Surveillance Limited, IVIS International, Scandron, MCRAY Xtend India and JNIT Technologies - Magellanic Cloud offers integrated capabilities across IT services and AI-driven surveillance systems. Its solutions are widely deployed in critical infrastructure projects, including railways, highways, BFSI, PSUs, and urban security systems. T he company is backed by a team of over 1,600 professionals and has achieved CMMI Maturity Level 3 cSearftei fHicaartiboonr. Statement This press release may contain forward-looking statements, including statements about the potential award of the contract. These statements are based on current expectations. They are subject to risks and uncertainties, including the Bank’s procurement and approval processes, that could cause actual outcomes to differ materially. Magellanic Cloud Limited undertakes no obligation to publicly update any forward-looking statements to reflect subsequent events or circumstances, except as required under aMpepdliicaa &bl eIn lavwesst aonrd R reelgautiloatnios ns. Magellanic Cloud Limited Contact Person: Aman Kumar Email: aman.k@magellanic-cloud.com Website: www.magellanic-cloud.com MAGELLANIC CLOUD LIMITED Formerly known as South India Projects Limited CIN: L72100TG1981PLC169991 Registered Office: 6th Floor, Dallas Center, 83/1, Plot No A1 Knowledge City, Rai Durg Hyderabad Rangareddi TG 500032 Telephone No.: 040-46515454 www.magellanic-cloud.com info@magellanic-cloud.com