Onward Technologies Limited's board of directors, at its meeting held on May 5, 2026, recommended the re-appointment of Mr. Harish Mehta as Whole-time Director designated as Executive Chairman and Mr. Jigar Mehta as Managing Director, each for a further period of five years effective May 14, 2026. The recommendations were made on the basis of the Nomination and Remuneration Committee's guidance and remain subject to approval by shareholders at the company's ensuing Annual General Meeting. The disclosures were made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Re-appointment Details

The key particulars of the re-appointments, as disclosed in Annexure A of the regulatory filing, are presented below:

In addition to the re-appointments, the board has approved revised terms and conditions of remuneration for both directors for a period of three years with effect from May 14, 2026, also subject to shareholder approval at the Annual General Meeting.

Profiles of the Re-appointed Directors

Mr. Harish Mehta — Executive Chairman

Mr. Harish Mehta is a co-founder of NASSCOM and is credited with being a driving force behind the growth of the Indian IT industry. He has founded, led, and mentored Onward Technologies across two generations. He is the author of The Maverick Effect, recognised as a National Bestseller in 2022, and is also credited with introducing The Indus Entrepreneurs (TiE) to India. Mr. Mehta has received multiple Lifetime Achievement Awards, including recognition from Deccan Herald (2004), IMC Chamber of Commerce and Industry (2018), and DataQuest ICT Business Awards (2023). He has also been honoured by India's Prime Minister, Mr. Narendra Modi, in recognition of his contributions to the IT industry over 25 years. Academically, he holds a Bachelor's degree in Electrical Engineering from the College of Engineering, Pune, and a Master's degree in Computer Science from Brooklyn Polytechnic Institute, New York (USA).

Mr. Jigar Mehta — Managing Director

Mr. Jigar Mehta is a second-generation entrepreneur who was appointed Managing Director of the company in May 2016. He has been instrumental in transforming the company from a 300-employee organisation to a 2,500+ strong team with operations across India, USA, UK, Germany, and Canada. Mr. Jigar Mehta is a graduate of the Owner/President Management (OPM) program at Harvard Business School, an alumnus of Boston University, Massachusetts, and St. Xavier's College, Mumbai. He is also an active member of the YPO Bombay chapter.

Regulatory Compliance

The intimation was filed by Aakash Joshi, Company Secretary and Compliance Officer (Membership No.: A60953), on May 5, 2026, in accordance with the SEBI Master Circular dated November 11, 2024. Both Mr. Harish Mehta and Mr. Jigar Mehta have been confirmed as not debarred from holding the office of Director pursuant to any order of SEBI or any other authority.

Onward Technologies Limited has submitted its quarterly compliance certificate to stock exchanges, fulfilling mandatory regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The filing, dated April 14, 2026, covers the quarter ended March 31, 2026.

Regulatory Filing Details

The company filed the certificate with both major Indian stock exchanges under reference number OTL/Secretarial/SE/2026-27/03. Company Secretary and Compliance Officer Aakash Joshi, with membership number A60953, signed the submission on behalf of Onward Technologies Limited.

SEBI Regulation 74(5) Compliance

The certificate pertains to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, which mandates quarterly confirmation of dematerialisation processes. This regulation ensures proper handling of securities conversion from physical to electronic form and maintains transparency in depository operations.

Registrar Confirmation

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, serves as the company's Registrar and Share Transfer Agent (RTA). The registrar provided confirmation on April 3, 2026, certifying compliance with dematerialisation requirements.

Compliance Confirmation

The registrar confirmed that all securities received from depository participants for dematerialisation during the quarter were properly processed. Key compliance aspects include:

• Securities received for dematerialisation were confirmed or rejected to depositories within prescribed timelines
• Security certificates were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners
• All securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed

This quarterly filing demonstrates Onward Technologies Limited's adherence to SEBI regulations governing depository operations and securities dematerialisation processes, ensuring investor protection and market transparency.