Magellanic Cloud will merge with its wholly-owned subsidiary, IVIS International, to streamline operations, reduce costs, and integrate surveillance services.

This move aims to strengthen Magellanic Cloud's financial position and expand its service portfolio.

For FY26, IVIS International reported a turnover of 114.25 Cr and a net worth of 180.71 Cr.

As it's a fully owned subsidiary, no new shares will be issued, ensuring no dilution for existing shareholders.

The merger's effective date is April 1, 2026, and it awaits necessary regulatory approvals from NCLT.