TechD Cybersecurity confirms Rs 3.61 crore Australian contract

TechD Cybersecurity Limited confirmed on 6 November 2026 a two-year Australian managed-security services contract valued at USD 380,000, or approximately Rs 3.61 crore, with services due to commence on or before 15 November 2026. The committed work will be delivered from its Ahmedabad Security Operations Centre on a 24x7x365 basis.

What contract did TechD Cybersecurity confirm?

TechD Cybersecurity confirmed that it received written acceptance of its commercial proposal from an international customer on 6 November 2026 at 09:10 Indian Standard Time. The two-year committed engagement is valued at USD 380,000, equivalent to approximately Rs 3.61 crore at the Rs 95-per-USD reference rate stated in the filing.

The customer is described as a large global enterprise software-as-a-service, or SaaS, management-platform provider headquartered in Sydney, Australia. It serves customers across North America, Europe, Asia-Pacific and the Middle East, including Fortune 500 retailers and brands, but TechD Cybersecurity withheld its identity under confidentiality undertakings binding the parties.

The company classified the award as material under Regulation 30 of the Securities and Exchange Board of India’s Listing Obligations and Disclosure Requirements Regulations, 2015. It said the 6 November disclosure was made within 24 hours of becoming aware of the award through the customer’s written acceptance of the commercial terms.

The documentary basis is the customer’s written acceptance of TechD Cybersecurity’s commercial proposal, reference TechD-MIXED-2026-1104-829 (v2), dated 4 November 2026. The confirmation does not represent a completed Master Services Agreement, or MSA, because the MSA and a formal purchase order remain to be executed.

What security services will TechD Cybersecurity provide?

TechD Cybersecurity will provide an end-to-end managed security service from Ahmedabad through four workstreams: 24x7x365 Security Operations Centre monitoring, administration of client-owned tools, an incident-response and digital-forensics retainer, and security testing. The filing describes this as part of TechD Cybersecurity’s core Managed Security Services Provider, or MSSP, offering.

The monitoring service will use a dual Security Information and Event Management, or SIEM, delivery platform. TechD Cybersecurity will administer five customer-owned security tools covering Endpoint Detection and Response for 100 devices, Network Detection and Response, email security, Domain Name System security, and security-awareness and phishing functions.

The testing scope includes vulnerability assessment and penetration testing, or VAPT, including penetration testing and red teaming. The contract also includes an incident-response and digital-forensics retainer, while the filing identifies the testing pool as CREST and OSCP accredited.

TechD Cybersecurity said the 100-device deployment is in its ordinary course of business because it relates to the company’s MSSP offering. The announcement does not disclose staffing levels, delivery costs, contract margin or the allocation of revenue among monitoring, tool administration, testing and incident-response services.

How will TechD Cybersecurity bill the Rs 3.61 crore contract?

TechD Cybersecurity disclosed annual contract value of USD 190,000, or approximately Rs 1.805 crore, in each of the two committed years. The stated Rs 3.61 crore total is therefore the sum of two equal annual contract values rather than a contract with a disclosed change in annual pricing between Year 1 and Year 2.

The filing separates annual billing into upfront and recurring components. VAPT, the SIEM platform licence and the incident-response retainer will be invoiced in full upfront with the purchase order at USD 97,500 per year, while the MSSP line for monitoring, tool administration and awareness services will be billed monthly in advance at USD 7,708.33.

Invoices are payable within 15 days, according to the announced terms. The engagement is a cross-border export of services invoiced in United States dollars, and TechD Cybersecurity said Indian goods and services tax does not apply to the contract.

The Rs 3.61 crore figure is indicative rather than a fixed rupee collection amount. It is calculated at Rs 95 per USD, but the filing says actual rupee realisation will depend on the Reserve Bank of India reference rate applicable on each invoice date during the two-year term.

What remains pending before TechD Cybersecurity starts work?

TechD Cybersecurity said services are to commence on or before 15 November 2026, nine days after the 6 November contract confirmation. However, the MSA and formal purchase order are pending, and the company said it would update the exchange about any material modifications when those documents are executed.

The committed period is two years from go-live, covering Year 1 and Year 2. A third year is not committed because it is available only at the Australian customer’s option on renewal, with a price uplift capped at 10%.

The award was placed by a private-sector enterprise rather than an Australian government or government agency. TechD Cybersecurity also stated that its promoters, promoter group, group companies, directors and key managerial personnel have no financial or other interest in the customer, and that the transaction is on an arm’s-length basis rather than a related-party transaction.

The unidentified counterparty limits what can be assessed about the customer relationship from the 6 November disclosure. TechD Cybersecurity said the name was withheld solely due to confidentiality obligations, while identifying the customer as a Sydney-headquartered SaaS management-platform provider and the work as an Australian export-services engagement.

Conclusion

TechD Cybersecurity has disclosed a committed two-year managed-security order with an indicative value of Rs 3.61 crore and equal annual values of approximately Rs 1.805 crore. The scope combines continuous monitoring, administration of five customer-owned security tools, incident response, digital forensics, VAPT and red teaming from Ahmedabad for an Australian customer.

The next disclosed milestones are execution of the MSA, issuance of the formal purchase order and service commencement on or before 15 November 2026. Investors can watch for any material modification disclosed by TechD Cybersecurity and whether the customer exercises the optional third-year renewal at an uplift capped at 10%.