Under the agreement, Onward Technologies will establish a Dedicated Offshore Development Centre (ODC) aimed at accelerating execution and supporting the client's data centre business segment. The contract is scheduled to be executed over a period of three years.

The company stated that neither its promoters nor promoter group entities have any interest in the awarding of the contract.

Onward Technologies is a software outsourcing company specialising in digital and ER&D services.

The company’s consolidated net profit declined 8.26% to Rs 9.55 crore in the quarter ended March 2026 as against Rs 10.41 crore during the previous quarter ended March 2025. Sales rose 7.72% to Rs 137.12 crore in the quarter ended March 2026 as against Rs 127.29 crore during the previous quarter ended March 2025.