ONWARDTEC

Management Guidance & Outlook - Upgraded FY27 revenue growth guidance to 15% to 18% (from previous expectations). - Revised full-year EBITDA margin guidance to range between 13.8% and 14.3%. - Target of reaching $10 million in recurring annual revenue per customer over the long term. Growth Drivers & Demand - Strong growth in North America and Europe driven by digital engineering, AI-led transformation programs, and data center infrastructure engineering. - Expansion of $1M+ billing customers from 16 to 18. - Renewal of a 3-year digital engineering contract with a global construction and mining leader valued at INR44.5 crores (70% higher than previous term). - Rail transportation vertical showing strong momentum, alongside growth in industrial and HCLS segments. Capex & Investments - Significant investments in hiring subject matter experts and expanding seating capacity (opened 4th design center in Pune, leased additional seats). - Setting up an AI lab in Chennai, expected to be fully operational by Q4 2027. - Capital expenditure increased due to hardware purchases for new design centers and the acquisition of an office property in Worli, Mumbai. Operational Metrics - Q2 FY27 revenue reached an all-time high of INR170.2 crores (up 22.4% YoY, 13.9% QoQ). - EBITDA grew 33.7% YoY to INR26.6 crores with a margin expansion to an all-time high of 15.6%. - PAT increased 41.2% YoY to INR16.8 crores. - DSO (Days Sales Outstanding) stretched to around 80 days due to fast growth and delayed approvals, expected to normalize to 65-70 days in the next 2 quarters.

- Onward Technologies Limited has submitted the audio recording link of the conference call held on October 16, 2026. - The call was conducted post the announcement of financial results for the quarter and half year ended September 30, 2026. - The recording has been made available on the company website.

- Q2 FY27 Total Revenue grew 22.2% YoY to ₹171.2 Cr; EBITDA rose 33.7% YoY to ₹26.6 Cr (margin 15.6%). - PAT increased 41.2% YoY to ₹16.8 Cr. - Upgraded FY27 guidance: 15–18% revenue growth and 13.8–14.3% EBITDA margin. - Secured ₹44.46 Cr contract renewal; remains debt-free with net cash of ₹97.1 Cr.

- Q2 FY27 Total Revenue grew 22.2% YoY to ₹171.2 Cr; EBITDA rose 33.7% YoY to ₹26.6 Cr (margin 15.6%). - PAT increased 41.2% YoY to ₹16.8 Cr with PAT margin at 9.9%. - Renewed a ₹44.5 Cr managed digital services contract over 3 years (up 72%). - Management expressed confidence in delivering sustainable growth over next 3 years.

Q2 FY27 Consolidated Revenue ₹170.18 Cr vs ₹138.97 Cr (▲22% YoY) EBITDA ₹26.54 Cr vs ₹19.87 Cr (▲34% YoY) PAT ₹16.77 Cr vs ₹11.94 Cr (▲40% YoY) EBITDA Margin 15.6% vs 14.3% (▲129bps)

- Onward Technologies Limited has approved the grant of 38,000 employee stock options (ESOPs) to eligible employees under the Onward Employee Stock Option Scheme 2024. - The exercise price is set at a 20% discount to the market price on the grant date. - The vesting period ranges from 1 to 4 years, with a maximum exercise period of 2 years.

Concall Schedule Concall Date: October 16, 2026 Concall Time: 4:30 PM IST

- Onward Technologies Limited approved an investment of up to ₹13.10 Crores in its wholly-owned subsidiary, OT Park Private Limited. - The investment is made via subscription to up to 1,05,000 1% Optionally Convertible Redeemable Preference Shares (OCRPS) through a rights issue. - Proceeds will fund business requirements, strengthen long-term operating infrastructure, and upgrade workplace facilities.

- Trading window closed with effect from Thursday, October 01, 2026. - To reopen 48 hours after the declaration of Unaudited Financial Results for the quarter ended September 30, 2026. - Applicable to all Designated Persons and their immediate relatives.

- Concall Schedule - Concall Date: September 30, 2026 - Concall Time: 1:00 pm - 2:00 pm

- Order Win: Onward Technologies Limited renewed a multi-year Managed Digital Services contract from a leading global manufacturer of construction and mining equipment. - Order Value: ₹44.46 Crore (representing a 72% increase in value compared to the previous contract). - Completion Timeline: August 2026 to August 2029 (3 years).

- Promoter group, JHM Enterprises Private Limited, acquired 25,000 equity shares (0.11% of total paid-up capital) from the open market on September 17, 2026. This acquisition caused no change in control.

- Meeting Schedule - Date: September 07, 2026 - Time: 4:00 pm - 6:00 pm - Interaction with: Institutional Investors - Type of Meeting: Group meeting - Venue: Pune

- Allotment of 6,500 Equity Shares under Employee Stock Option Scheme, 2019 (ESOP 2019). - Allotted on August 21, 2026. - Each share has a face value of ₹10/-, with a premium of ₹10/-, totaling an exercise price of ₹20/-.

- Promoter Mrs Prachi Mehta acquired 30,127 Equity Shares, representing 0.13% of the total paid-up share capital, from the open market on August 18, 2026. This acquisition does not result in a change in control of the company.

- Onward Technologies received an Income Tax Department order on July 31, 2026, imposing a penalty of ₹10,59,664/- for FY 2019-20 related to disallowance of expenses. - This results in a financial impact of ₹10,59,664/-, with no material operational impact. The company can appeal the order.

- Q1 FY27 recorded highest ever quarterly revenue of INR 151.2 crore, growing 11.5% YoY and 8.7% sequentially. - EBITDA increased to INR 18.4 crore (up 20% QoQ) with margins improving by 113 basis points sequentially to 12.3%. - Profit After Tax (PAT) stood at INR 11.2 crore, up 16.9% sequentially. - Secured an INR 33 crore contract from a global power management company and increased $1M+ annual revenue customers from 16 to 18. - Management expressed confidence in delivering double-digit revenue growth and EBITDA margin annually, with the order book crossing last year's revenue. - Outlook for mid-to-high teens EBITDA margins, with operational AI lab in Chennai and a new design center in Pune.

- Audio recording of the Conference Call held on July 16, 2026, regarding financial results for the quarter ended June 30, 2026, has been uploaded on the company's website.

- The 35th Annual General Meeting (AGM) of Onward Technologies Limited was held on July 16, 2026. - Shareholders approved all resolutions with an overwhelming majority. - Resolutions included the adoption of audited financial statements and the declaration of a final dividend for the year ended March 31, 2026. - Key re-appointments of directors, including the Executive Chairman and Managing Director, were also approved.

- Mr. Jay Sonawala, an Independent Director, will cease to be a Director of Onward Technologies Limited effective end of day on July 20, 2026, upon completion of his tenure.

- The 35th Annual General Meeting (AGM) of Onward Technologies Limited was held on July 16, 2026, and concluded at 03:34 P.M. - Members adopted the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026. - A final dividend on equity shares for FY ended March 31, 2026, was declared. - Re-appointments of Mr. Harisha Raghavan (Director), Mr. Harish Mehta (Executive Chairman), Mr. Jigar Mehta (Managing Director), Mr. Dhanpal Jhaveri (Independent Director), and Mr. Jai Diwanji (Independent Director) were approved.

- Consolidated Revenue ₹151.2 Cr vs ₹135.6 Cr (▲11.5% YoY) - EBITDA ₹18.4 Cr vs ₹17.1 Cr (▲7.2% YoY) - PAT ₹11.2 Cr vs ₹12.7 Cr (▼12.3% YoY) - EBITDA Margin 12.3% vs 12.9% (▼60bps)

- Consolidated Revenue ₹151.2 Cr vs ₹135.6 Cr (▲11.5% YoY) - EBITDA ₹18.4 Cr - EBITDA Margin 12.3% - Management targets double-digit revenue growth and double-digit EBITDA growth for FY27.

- Consolidated Revenue ₹14,942.97 Lakhs vs ₹13,315.08 Lakhs (▲12.22% YoY) - EBITDA ₹1,836.74 Lakhs vs ₹1,714.24 Lakhs (▲7.15% YoY) - PAT ₹1,116.94 Lakhs vs ₹1,273.09 Lakhs (▼12.27% YoY) - EBITDA Margin 12.29% vs 12.87% (▼58bps)

- Concall Schedule - Concall Date: 16th July, 2026 - Concall Time: 4:30 PM IST

- Trading window for Onward Technologies Limited will be closed from July 01, 2026. - It will reopen 48 hours after the declaration of unaudited financial results for the quarter ended June 30, 2026. - This is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

- Order Win: Onward Technologies Limited secured an engineering services contract to launch a Dedicated Offshore Development Centre (ODC) for a leading global power management company. - Order Value: Approximately ₹33 Crore. - Completion Timeline: 3 years. - Details: The ODC will provide dedicated R&D capacity to support the client's Data Center Segment/Business Unit.

- Order Win: Onward Technologies Limited won an engineering services contract from a leading global power management company. - Order Value: Approximately ₹33 Crore. - Completion Timeline: 3 years. - Details: The contract is to launch a Dedicated Offshore Development Centre (ODC) to support the client's Data Center Segment/Business Unit.

- Onward Technologies Limited submitted its Business Responsibility and Sustainability Report (BRSR) for Financial Year (FY) 2025-26. - This filing is made under Regulation 34(2)(f) of SEBI Listing Obligations and forms part of the Annual Report for FY 2025-26.

- Onward Technologies recommended a dividend of ₹8 per equity share for FY 2025-26, subject to AGM approval. - The Record Date for ascertaining dividend entitlement is Friday, July 3, 2026.

- 35th Annual General Meeting (AGM) to be held on July 16, 2026, at 3:00 PM IST via VC/OAVM. - Record date for final dividend (FY 2025-26) is July 03, 2026. - Agenda includes re-appointment of key directors and approval of strong FY26 financials: Consolidated Total Income ▲10.5% YoY, PAT ▲63.7% YoY.

- Allotment of 31,000 Equity Shares under Employee Stock Option Scheme, 2019 (ESOP 2019) on June 19, 2026. - Shares were allotted at an exercise price of ₹20/- per share (Face Value ₹10/-, Premium ₹10/-). - Post-allotment, the total issued shares stand at 2,22,42,890, with a total share capital of ₹22,24,28,900.

- Onward Technologies Limited completed the extinguishment of 5,48,780 equity shares. - These shares were bought back via the tender offer route, as per SEBI Buy-Back Regulations, 2018. - Pre-extinguishment, the share capital was 2,27,60,670 shares; post-extinguishment, it is 2,22,11,890 shares.

New Filing detected. See link for details.