Orient Technologies shares touched a day high of ₹274.50 on 11 September after signing a major three year cybersecurity deal with Securonix.

The rally followed news that Orient Technologies has signed a $3.15 million, three year contract with Securonix, expanding its role in the cybersecurity business.

The deal, disclosed in a regulatory filing dated 10 September, takes the company well beyond its earlier position as a managed security service provider for Securonix.

Under the new arrangement, Orient Technologies becomes Securonix’s exclusive Value Added Distributor and joint go to market partner across India.

This means the company will now lead distribution efforts, support regional partners, and help enterprise customers implement and integrate Securonix’s security platform.

To back this expansion, Orient Technologies plans to scale up its total investment to around $5 million and hire about 100 cybersecurity professionals. The company is targeting 12% growth in its customer base as part of this push.

Chairman and Managing Director Ajay Sawant said the expanded relationship marks the next stage of the company’s cybersecurity journey, moving from a managed security role into distribution, implementation and full scale security operations support.

This update comes shortly after the company’s first quarter results, where revenue slipped 6% year on year to ₹199 crore, and net profit fell 55% to ₹4.50 crore.

Against that backdrop, the Securonix expansion gives investors a clearer growth story to watch heading into the rest of the year.

Orient Technologies shares closed at ₹249.64 on the NSE on 11 September, up 6.07% for the day. Even with today’s gain, the stock remains down more than 37% since the start of the year.

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