India, March 25 -- The order entails deployment of integrated e-surveillance systems at ATMs and cash recycling machines (CRMs).

The scope includes end-to-end implementation, covering installation, commissioning and maintenance of the systems under an OPEX model for a period of five years, the company said in a regulatory filing.

The contract is slated to be executed over five years.

The company added that the deal does not fall under related party transactions and that neither the promoter nor promoter group has any interest in the awarding entity.

Magellanic Cloud specializes in offering services pertaining to software development, digital transformation, generative artificial intelligence (GenAI), the internet of things (IoT), e-s...