Analysts/Institutional Investor Meet/Con. Call Updates

Ref No.: OTL/Secretarial/SE/2026-27/48 Date: July 22, 2026 BSE Limited National Stock Exchange of India Ltd., Phiroz Jeejeebhoy Towers, Plot No. C/1 'G' Block Dalal Street, Mumbai – 400023 Bandra – Kurla Complex Bandra East, Mumbai 400051 Ref: Scrip Code - BSE: 517536 NSE: ONWARDTEC Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Investor’s Conference Dear Sir, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose the transcript of Analyst and Investor Conference Call for the quarter ended June 30, 2026, held on Thursday, July 16, 2026. The link to access the transcript of the earnings conference call Q1 FY 2026-27 Earnings Call Transcript.pdf Request you to take the same on record. For Onward Technologies Limited Aakash Joshi Company Secretary & Compliance Officer Membership No:- A60953 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 “Onward Technologies Limited Q1 FY27 Earnings Conference Call” July 16, 2026 MANAGEMENT: MR. JIGAR MEHTA – MANAGING DIRECTOR – ONWARD TECHNOLOGIES LIMITED MODERATOR: MR. LUV GUPTA – GO INDIA ADVISORS Page 1 of 13 Onward Technologies Limited July 16, 2026 Moderator: Ladies and gentlemen, good day and welcome to Q1 FY27 Earnings Conference Call for Onward Technologies Limited hosted by Go India Advisors. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star, then zero on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference call over to Mr. Luv Gupta from Go India Advisors. Thank you and over to you, sir. Luv Gupta: Thank you, Iqra. Good afternoon, everybody, and welcome to Onward Technologies Limited Earnings Conference Call to discuss the Q1 FY27 results. We have on the call Mr. Jigar Mehta, Managing Director. We must remind you that the discussion on today's call may include certain forward-looking statements and therefore, must be viewed in conjunction with the risks that the company may face. May I now request Mr. Jigar Mehta to take us through the company's business outlook and performance, subsequent to which we will open the floor for questions and answers. Thank you, and over to you, sir. Jigar Mehta: Thank you, Luv. Good evening, everyone, and thank you for joining us today. Q1 FY27 marks an important milestone for Onward Technologies’ journey and represents a strong start to a new financial year. We delivered our highest ever quarterly revenue of INR 151.2 crore, crossing the INR 150 crore milestone for the first time, with revenue growing 11.5% year-on-year and 8.7% sequentially. Our EBITDA increased to INR 18.4 crore, growing 20% quarter-on-quarter, while EBITDA margins improved by 113 basis points sequentially to 12.3%. Profit after tax stood at INR 11.2 crore, up 16.9% sequentially, demonstrating improving operational momentum as we enter FY27. Beyond the financial performance, we continue to strengthen the quality of our business with our existing clients. During the quarter, we won an INR 33 crore contract with a leading global power management company from North America and also increased the number of customers generating over $1 million in annual revenue from 16 to 18, reflecting deeper account penetration and stronger strategic relationships with our customers. We do believe that the majority of our customers, if not all, have the potential to reach $10 million per year. What excites me most is that these Q1 results are not driven by a single client, a single geography or a one-time event. These are the outcomes of strategic investments we have made over the last few years in digital engineering, ER&D, and offshore delivery expansion, leadership capability, and account mining. Today, we are beginning to see these investments translate into greater scale, stronger execution and improving operating leverage. We continue to invest in subject matter experts across all three lines of business, which is mechanical engineering, embedded and digital, and also in lab Page 2 of 13 Onward Technologies Limited July 16, 2026 infrastructure, proof-of-concept development, engineering accelerators and reusable IP that enhance our ability to win larger, higher-value engagements across our targeted industry segments. These investments are strengthening our competitive differentiation, improving speed to value for customers and creating a scalable platform for future growth. We are also seeing increased demand from global enterprises investing in software-defined products, AI-enabled engineering, automation, digital manufacturing and intelligent products. The huge expansion taking place across North America and Europe in data centers, AI, and energy are the areas where Onward Tech is focusing now to build newer and stronger capabilities, and where we believe, we are well positioned to capture a large share of customer spending over the coming years. Importantly, we also completed our first-ever buyback programmeme during the quarter, reinforcing our confidence in the business, our cash generation capabilities and our long-term growth outlook. As committed, the promoters did not participate in the buyback programme. As we look ahead, our focus remains unchanged, accelerating revenue growth, expanding margins, increasing wallet share within our strategic clients, scaling our offshore delivery model and continuing our evolution into a digital engineering and ER&D partner for our global industrial enterprises. While macroeconomic uncertainties remain, we enter the balance of FY27 with record revenues, a stronger client portfolio, a growing pipeline, and significant opportunities ahead. What's even more exciting for me to share with all of you today is that our order book, or ACV, for this year has crossed last year's revenue. We have an amazing trajectory, as I said, and a strong sales funnel, as we deliver Q2, Q3, and Q4 of this financial year. Before I hand it over back to Luv, I just want to give you three key takeaways. We have delivered a strong start to FY27 with record revenue, improving sequential profitability, and continued momentum across our strategic customers. Second, the quality of our business continues to improve, as evidenced by the growth in our strategic customer base, increased offshore opportunities and larger engagement wins. Third, and most importantly, we believe we are building a company that is significantly stronger, more scalable, and better positioned than ever before. Our investments in talent, engineering capabilities, offshore delivery and strategic accounts are creating a solid foundation for sustainable growth and long-term value for everybody in our ecosystem. While we remain disciplined and realistic about the evolving macroeconomic environment, we are optimistic about the opportunities ahead. We have entered FY27 with record revenues and improving operational momentum. We crossed INR 150 crore this quarter. Our ambition is much bigger. We are building the capabilities, customer relationships, and operating platform required for the next chapter of Onward Tech's growth journey, and we believe the best is yet to come. Thank you again for your continued trust and support. Page 3 of 13 Onward Technologies Limited July 16, 2026 With that, I hand it over back to Luv. Thank you. Moderator: Thank you very much. We will now begin the question-and-answer session. The first question is from the line of Hitaindra Pradhan from Maximal [Showing first 8,000 characters — download PDF for full document]