Magellanic Cloud enters defence UAV partnership with Rayonix TechMagellanic Cloud enters defence UAV partnership with Rayonix Tech

Introduction

Leading technology firm entered strategic agreement with Rayonix Tech on April 25 2026 for UAV manufacturing and defence drone development under Atmanirbhar Bharat initiative.

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Share price movement of Magellanic Cloud

On April 28, 2026, Magellanic Cloud Ltd opened at ₹27.25, up 1.38% from its previous close of ₹26.88. The stock reached a high of ₹27.95 (3.98%) and a low of ₹26.77. By 4:01 PM, it traded at ₹26.94, a 0.22% increase, with a market cap of ₹1,586.95 crore.

Magellanic Cloud UAV Partnership Deal

Magellanic Cloud Limited announced strategic investment and collaboration agreement with Rayonix Tech Private Limited dated April 25, 2026. Partnership focuses on UAV development under Atmanirbhar Bharat defence manufacturing initiative.

The agreement involves up to 150 crore rupees investment through a Special Purpose Vehicle. It covers manufacturing, deployment, and commercialization of unmanned aerial vehicle technology projects in India.

The collaboration aims to strengthen indigenous defence capabilities and develop autonomous drone systems for surveillance and reconnaissance. No change in management or control reported, SPV will include joint board representation.

Stock performance of Magellanic Cloud for period of 1 week, 6 months, and 1 year

Magellanic Cloud Ltd delivered a 1-week return of 2.56%, a 6-month return of -55.4%, and a 1-year return of -59.9%.

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Shareholding pattern of Magellanic Cloud

Particulars	Mar 2026	Dec 2025	Sep 2025
Promoter	54.00%	54.00%	58.30%
FII	0.20%	0.30%	0.40%
DII	0.00%	0.00%	0.00%
Public	45.70%	45.70%	41.30%

About Magellanic Cloud

Magellanic Cloud Ltd (NSE: MCLOUD) provides IT services including software development, consulting, and HR solutions across Europe, USA, and Asia for global clients.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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