Magellanic Cloud Announces UAV Facility Readiness; Phased Operations Planned

Mumbai, November 03: Magellanic Cloud Limited (NSE: MCLOUD | BSE: 538891) announced that the premises for its advanced Unmanned Aerial Vehicle (UAV) manufacturing and testing facility under its joint venture, MCRAY XTEND INDIA PRIVATE LIMITED (MCRAY), are ready. The company plans to deploy production and testing capabilities in phases, with commercial operations scheduled to commence progressively.

The facility is part of a joint venture announced in April 2026 with Rayonix Tech, in collaboration with Israel-based XTEND. It is designed to support the manufacturing, assembly, system integration, testing and distribution of tactical drone systems powered by XTEND’s XOS autonomy platform.

Magellanic Cloud UAV Facility: Key Details

Magellanic Cloud holds a 60% equity stake in MCRAY. The joint venture is positioned as the exclusive manufacturing and distribution partner in India for selected platforms running on XTEND’s XOS operating system.

The facility is structured to support the phased rollout of production, calibration, system integration and flight-testing capabilities. The planned tactical drone portfolio includes:

• Wolverine: AI-assisted tactical and combat operations.
• Scorpio 500 and Scorpio 1000: Precision-strike capabilities and extended-range reconnaissance.
• XTENDER: Micro-ISR indoor and outdoor surveillance in GPS-denied environments.
• Honey Badger: Operations in harsh, mission-critical environments.

Business Model and Operational Plans

The proposed business model includes tactical platform sales, potential software licensing, localised maintenance, repair and overhaul (MRO), and lifecycle support services.

The company also highlighted potential synergies between the UAV platforms and its existing AI surveillance ecosystem, including iVIS and Scandron. Future export opportunities may be explored subject to applicable approvals, regulatory requirements and market conditions.

Stock Market Snaphshot

The Magellanic Cloud share price was trading at ₹24.67, up ₹0.01 or 0.04% on Tuesday, November 3, 2026, at 9:21:01 AM IST. The stock opened at ₹24.69, compared with the previous close of ₹24.66.

The share price remained largely unchanged in early trading following the facility-readiness announcement.

About Magellanic Cloud

Magellanic Cloud Limited is a technology company headquartered in Hyderabad, India, with operations across digital transformation, artificial intelligence, cloud computing, e-surveillance and drone technologies. Its solutions serve sectors including infrastructure, defence, fintech and enterprise IT.

Conclusion

Magellanic Cloud has completed the readiness of the premises for its UAV manufacturing and testing facility under the MCRAY joint venture. The company plans to roll out operational capabilities in phases, covering manufacturing, assembly, integration and testing of tactical drone platforms.

Source:

• https://www.nseindia.com/get-quote/equity/MCLOUD/Magellanic-Cloud-Limited
• https://nsearchives.nseindia.com/corporate/MCLOUD_03112026091422_Press_Release.pdf