Magellanic Cloud Limited Announce Amalgamation of IVIS International and Detail Preferential Allotment Plan

Magellanic Cloud Limited Announce Amalgamation of IVIS International and Detail Preferential Allotment Plan​

Magellanic Cloud Limited has announced significant corporate developments following its Board meeting held on June 25, 2026. The company confirmed the merger with IVIS International Private Limited, outlined details of a major capital raising through preferential allotment, and approved strategic provisions for subsidiary lending.

The company is undergoing an amalgamation process with IVIS International Private Limited. The Scheme of Merger involves IVIS International, which was previously known as South India Projects Limited, merging into Magellanic Cloud Limited. The Appointed Date for the merger is April 1, 2026.

The rationale for the amalgamation centers on streamlining the overall corporate framework and achieving operational synergies. As a wholly-owned subsidiary of Magellanic Cloud Limited (the Transferee Company), the merger aims to eliminate a separate legal entity, thus reducing administrative overheads and duplication of statutory compliances. This consolidation is intended to integrate the surveillance, monitoring, and security service operations of IVIS International with the diversified business activities of Magellanic Cloud Limited, thereby enhancing service delivery and resulting in cost optimization through economies of scale. The merger is expected to strengthen the financial position of Magellanic Cloud Limited by consolidating assets, liabilities, and cash flows.

Capital Raising and Strategic Provisions​

During the Board meeting, the company approved several key corporate actions aimed at expanding its operational scope and securing finances. These decisions are subject to the approval of members in an upcoming Extra Ordinary General Meeting (EGM).

The Board decided on a preferential allotment structure involving both equity shares and convertible warrants. The plan includes issuing 37,428,573 Equity Shares to Non-Promoters at an issue price of Rs. 30/- each. These shares, which have a face value of Rs. 2/- and a premium of Rs. 28/-, aggregate to Rs. 112,28,57,190/. Additionally, the company will allot 126,700,000 Convertible Warrants to Promoter/Promoter Group and Non-Promoters at an issue price of Rs. 30/- each (which is convertible into Equity Shares). This allotment aggregation amounts to Rs. 380,10,00,000/.

The company also approved the provision of a loan or guarantee or security up to Rs. 150,00,00,000 (Rupees Hundred and Fifty Crores only) each to three subsidiaries: MCRAY Xtend India Private Limited, Scandron Private Limited, and Motivity Labs Private Limited.

Mergers and Financial Data​

The financial details of the two companies involved in the scheme are as follows:


The company is expected to improve regulatory compliance efficiency following the merger, which will eliminate inter-company balances and related party transactions between the two entities. The shareholding pattern of Magellanic Cloud Limited remains unchanged pursuant to this Scheme.

Future Corporate Actions​

A meeting has been scheduled for Friday, July 24, 2026, to convene an Extra Ordinary General Meeting (EGM) to transact the aforementioned business. The cut-off date for determining eligibility to vote by electronic means for the EGM is set as Friday, July 17, 2026.

MCLOUD Stock Price Movement​

Magellanic Cloud Limited shares tumbled down by 3.36% on Thursday, settling at ₹27.13 in after-hours trading. The stock saw a total traded volume of 4.29 million shares during the session.