Magellanic Cloud partners with XTEND and Rayonix for drone ventureMagellanic Cloud partners with XTEND and Rayonix for drone venture

Introduction

Leading technology enterprise announced an $11 million UAV joint venture with defence partners to manufacture AI-enabled drones in India for surveillance and mission operations.

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Share price movement of Magellanic Cloud

On April 29, 2026, Magellanic Cloud Ltd opened at ₹27.01, up 0.04% from its previous close of ₹27.00. The stock reached a high of ₹27.50 (1.85%) and a low of ₹26.05. By 15:17 PM, it traded at ₹26.10, a -3.33% change, with a market cap of ₹1,537.47 crore.

Magellanic Cloud UAV Joint Venture

Magellanic Cloud Limited announced an $11 million joint venture with Rayonix Tech and XTEND to manufacture advanced UAV systems in India under defence and security technology expansion plans.

The JV will invest around ₹100 crore to build manufacturing testing and distribution facilities in India. UAVs will support surveillance reconnaissance and mission critical defence operations.

XTEND’s XOS operating system will power UAV platforms with AI navigation mission planning and control. The venture includes SCORPIO XTENDER HONEY BADGER and WOLVERINE drone systems portfolio.

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

Magellanic Cloud Ltd delivered a 1-week return of 4.53%, a 6-month return of -55.6%, and a 1-year return of -60.4%.

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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%
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, operating across Europe, USA, and Asia in technology sector.

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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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