NSEBagging/Receiving of orders/contracts1d ago · 21 Sept 2026, 03:11 pm
Bagging/Receiving of orders/contracts
Onward Technologies Limited · ONWARDTEC
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Onward Technologies Limited has informed the Exchange about the renewal of a multi-year Managed Digital Services contract with a leading manufacturer of construction and mining equipment, valued at ₹44.46 Crores, representing a 72% increase in value compared to the previous contract.
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Growth Catalyst6/10
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Onward Technologies Limited has informed the Exchange about Bagging/Receiving of orders/contracts
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MD11015_21092026151047_Updated_Stock_Exchange_Intimation_-_Contract_Renewal.pdf
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Ref No.: OTL/Secretarial/SE/2026-27/54
Date: September 21, 2026
BSE Limited National Stock Exchange of India
Corporate Relationship Department Exchange Plaza
1st Floor, New Trading Ring, Bandra Kurla Complex
Rotunda Building, P. J. Towers, Bandra (E)
Dalal Street, Fort, Mumbai 400 051
Mumbai – 400 001
Script Code BSE 517536 Code ONWARDTEC
Sub: Intimation of Renewal of Digital Engineering Services Contract under Regulation 30 of SEBI
(LODR) Regulations, 2015
Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, we are pleased to inform you that Onward Technologies Limited,
leading provider of Digital and ER&D services, announces the renewal of a multi-year Managed Digital
Services contract with increased scope valued at ₹44.46 Crores (Rupees Forty Four Crores and Forty Six
Lakhs Only) with one of the world's leading manufacturers of construction and mining equipments. The
contract tenure extends from August 2026 to August 2029.
The renewed engagement represents a 72% increase in value compared to the previous contract and
reflects the customer's continued confidence in Onward Technologies' delivery excellence, digital
engineering capabilities, and strategic partnership.
Under the agreement, Onward Technologies will provide Managed Digital Services supporting the
client's global e-commerce and aftermarket business platforms. The scope includes application
development and enhancement, cloud-native engineering, microservices architecture, API
development, DevOps-enabled delivery, testing, deployment and integration services.
The details required under applicable SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated
November 11, 2024, are enclosed herewith as Annexure-A.
Kindly take the above information on record.
For Onward Technologies Limited
Jigar Mehta
Managing Director
DIN:- 06829197
Regd. address.: 2nd floor, Sterling Centre, Dr. A.B. Road, Worli, Mumbai 400018. Tel: +91 22 24926570
CIN: L28920MH1991PLC062542 | email: compliance@onwardgroup.com | website: www.onwardgroup.com
Mumbai | Pune | Chennai | Bengaluru | Hyderabad | Chicago | Detroit | Birmingham | Munich | Toronto
Annexure-A
Disclosure of Information pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI
circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
Name of the entity awarding the World’s leading manufacturer of construction
order(s)/contract(s) and mining equipment.
Significant terms and conditions of Contract type: Managed Digital Services
order(s) / Contracts(s) awarded in Brief contract
Commercial construct: Outcome based Services
Contract duration: 3 years
Delivery Location: 100% Offshore based
delivery from our India Delivery Centers
Whether order(s) / contract(s) have been Domestic
awarded by domestic/ international entity
Nature of Order / Contract Managed Digital Services contract for the
application development, enhancement,
testing, deployment, integration and application
support of e-commerce platform for their
aftermarket business, including cloud-native
application engineering, microservices, APIs and
DevOps-enabled delivery.
Whether domestic or international Domestic
Time period by which the From August 2026 to August 2029
order(s)/contract(s) is to be executed
Broad consideration or size of the Aggregate contract value of ₹44.46 Crore over
order(s)/contract(s); the contract tenure
Whether the Promoter / Promoter Group / No
group companies have any interest in the
entity that awarded the order / contract
Whether the order / Contract would fall Not Applicable
within related party Transactions. If yes,
whether the same is done at “arm’s
length”.
Regd. address.: 2nd floor, Sterling Centre, Dr. A.B. Road, Worli, Mumbai 400018. Tel: +91 22 24926570
CIN: L28920MH1991PLC062542 | email: compliance@onwardgroup.com | website: www.onwardgroup.com
Mumbai | Pune | Chennai | Bengaluru | Hyderabad | Chicago | Detroit | Birmingham | Munich | Toronto