TechD Cybersecurity Limited has signed a Memorandum of Understanding (MoU) with Shree Warana Vibhag Shikshan Mandal's Warana University to jointly establish a Centre of Excellence (CoE) in Cybersecurity and Artificial Intelligence. The agreement was executed on 12 May 2026 and is valid for three years, extendable by mutual written agreement. This collaboration aims to address the shortage of skilled professionals and the growing complexity of digital threats by integrating academic rigor with industry application.

Partnership Overview

The MoU brings together TechD Cybersecurity Limited, a CERT-In empanelled and ISO/IEC 27001:2022 certified Managed Security Service Provider (MSSP), and Warana University, Maharashtra's first State Public University established under the Cluster University concept. The partnership focuses on establishing a fully equipped live Cybersecurity Lab at Tatyasaheb Kore Institute of Engineering & Technology (TKIET), a constituent institute of Warana University. Warana University is not a Related Party of TechD Cybersecurity Limited as defined under Section 2(76) of the Companies Act, 2013.

Key Collaboration Components

The partnership encompasses a broad range of academic, research, and industry initiatives designed to enhance student employability and industry readiness. The following table outlines the major components of the MoU:

Commercial Terms

The MoU includes structured commercial arrangements expected to generate recurring revenue for TechD. The key financial terms are detailed below:

All commercial engagements are governed by the terms of the MoU and definitive agreements executed thereunder. The financial impact on the Company's revenues will depend on the actual deployment of faculty and the volume of enterprise consultancy engagements.

Expected Impact

The MoU is expected to create a recurring and scalable revenue stream from faculty deployment retainer fees and generate additional enterprise consultancy revenues through the CoE. It aims to build a pipeline of industry-trained cybersecurity talent aligned to TechD's service verticals and strengthen TechD's brand as a leading MSSP with deep academic engagement across India. The Company does not anticipate any adverse financial or operational impact arising from this MoU.

TechD Cybersecurity Limited (formerly known as TechDefence Labs Solutions Limited) has been empanelled by Bharat Sanchar Nigam Limited (BSNL), a Government of India Enterprise under the Ministry of Communications, as a National Skill Development Partner (SDP Partner) under BSNL's "Kaushalam" Skill Development Program. The company disclosed this development to the National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The empanelment enables TechD Cybersecurity to jointly undertake skill development initiatives across India in collaboration with BSNL.

Nature and Scope of the Empanelment

The empanelment designates TechD Cybersecurity as a delivery partner for training programs spanning Artificial Intelligence (AI), Machine Learning (ML), Cybersecurity, Information Security, and next-generation digital technologies. The program is domestic in nature and will be executed as per mutually agreed project timelines and empanelment terms under the Kaushalam framework.

The following table summarises the key details of the empanelment as disclosed:

Execution Responsibilities

Under the empanelment, TechD Cybersecurity is responsible for end-to-end execution of the program. BSNL, in turn, will provide branding, outreach, and billing support under the framework. The key responsibilities assigned to TechD include:

• Training Delivery
• Candidate Mobilization
• Infrastructure Management
• Placement Assistance
• Skill Development Operations and Ecosystem Enablement

Eligible Beneficiaries

The Kaushalam program is designed to serve a broad spectrum of beneficiaries across government and private sectors. Eligible participants under the program include:

• Central Government Ministries
• State Government Departments
• Public Sector Undertakings (PSUs)
• SPVs and Government Bodies
• Corporate Enterprises
• NGOs and Skill Development Organizations
• Private Companies
• Individual trainees and beneficiaries under various Government schemes

Revenue Sharing and Financial Structure

The empanelment operates on a revenue sharing model on revenues generated under the program. As per the disclosed terms, TechD Cybersecurity Limited will retain 70% of revenues, while Bharat Sanchar Nigam Limited (BSNL) will receive 30%. No specific order value or total contract size has been disclosed. The empanelment has been confirmed to be on an arm's length basis, with no interest of the promoter, promoter group, or group companies in BSNL.

Strategic Significance

According to the regulatory disclosure, the empanelment is expected to strengthen the strategic partnership between TechD and BSNL, enable participation in nationwide Government and PSU skilling initiatives, create long-term recurring revenue opportunities in India's AI, ML, and Cybersecurity skill development ecosystem, and align with the Government of India's vision of empowering the nation with next-generation technology skills and digital workforce readiness. The disclosure was signed by Dipen Ashit Dalal, Company Secretary and Compliance Officer of TechD Cybersecurity Limited, bearing membership number A46747.