GMP IPO
📋 Filings Intelligence
About Contact
LIVE — Auto-updated every 10 mins · Equity segment

Company Filings, Explained Simply

AI-powered plain-English analysis of every important corporate announcement — financial results, order wins, dividends, mergers and more. Updated live.

—
Filed today
—
Companies tracked
NSE & BSE
Listed on
Sign in free to search by company
Filing Type
Market Cap
Sector
All Sectors

Latest Filings —

📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Magellanic Cloud Ltd
Magellanic Cloud Subsidiary Emerges as L1 Bidder in Bank of Maharashtra Tender
ORDERS ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 22 Oct 2026, 09:17 AM IST  ·  BSE ID: c216f1c4-2305-4391-b7e8-a578264b7c2f
View Original BSE Filing (PDF)
💡
In Simple Terms
Magellanic Cloud's subsidiary is the top bidder for a large e-surveillance project with Bank of Maharashtra, valued around ₹115 Crore.
🤖 AI Summary
  • Provigil Surveillance Limited is the L1 bidder for Bank of Maharashtra's e-surveillance tender valued at approx. ₹115 Crore.
  • The tender covers e-surveillance solutions across 1,550+ sites, including a 24/7 Central Monitoring Station.
  • Magellanic Cloud's subsidiary's bid value is approximately ₹115 Crore.
  • This development aims to enhance Magellanic Cloud's position in the BFSI e-surveillance segment upon contract award.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Bid Value
approx. ₹115 Crore
Number of Sites
1,550+
🏢 How This Affects the Company
📈
Business Impact
Securing this tender would significantly expand Magellanic Cloud's footprint in the Banking, Financial Services, and Insurance (BFSI) e-surveillance market. The scale of over 1,550 sites indicates a substantial addition to the company's project pipeline.
💰
Financial Impact
Upon successful award, the approx. ₹115 Crore project value presents a notable revenue opportunity. This could positively impact future financial results, subject to contract terms and project execution.
⚙️
Operational Impact
The tender scope includes supply, installation, commissioning, and operation of e-surveillance systems with AI features and a 24/7 monitoring station, necessitating robust operational capabilities.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders at this time. The company has announced its L1 bidder status, with a formal award pending.
👤
Who Is Affected
All shareholders of Magellanic Cloud Limited are potentially affected by this development, as it pertains to a significant business opportunity for its subsidiary.
🔍
Management Signal
This indicates management's proactive pursuit of large-scale projects within the BFSI sector, aiming to expand service offerings and market share.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Formal award notification from Bank of Maharashtra.
Magellanic Cloud's quarterly results for revenue recognition.
Details on project execution timeline and scope.
MEDIUM RISK L1 bidder status is not a confirmed order; formal award and execution are pending.
💡 Investor Takeaway
Magellanic Cloud's subsidiary, Provigil Surveillance Limited, is the lowest bidder for a Bank of Maharashtra e-surveillance tender with a project value of approximately ₹115 Crore, covering 1,550+ sites.
⚖️ Strengths & Concerns

✅ Positives

  • Provigil Surveillance Limited emerged as the L1 bidder in Bank of Maharashtra's e-surveillance tender.
  • The tender project value is approximately ₹115 Crore, covering over 1,550 sites and a 24/7 monitoring station.
📅 Company Track Record
Magellanic Cloud's subsidiary has recently secured other surveillance orders, including ₹29.13 Crore for Kumbh Mela 2027 and ₹12.13 Crore from Western Railway.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the value of the Bank of Maharashtra e-surveillance tender that Magellanic Cloud's subsidiary is bidding for?
The project value for the Bank of Maharashtra e-surveillance tender is approximately ₹115 Crore.
Which subsidiary of Magellanic Cloud is the L1 bidder?
Provigil Surveillance Limited, a wholly owned subsidiary of Magellanic Cloud Limited, is the L1 bidder.
How many sites does the Bank of Maharashtra e-surveillance tender cover?
The tender covers e-surveillance solutions across 1,550+ sites.
What is included in the scope of the Bank of Maharashtra e-surveillance tender?
The scope includes supply, installation, and commissioning of e-surveillance systems with AI features, and operation of a 24/7 Central Monitoring Station.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
🔍
Sign in to use filters
Sign in free with Google to filter filings by category, market cap and sector — takes 5 seconds.