Onward Technologies Limited has confirmed that its promoters and promoter group have not created any encumbrance, either directly or indirectly, on the shares held by them during the financial year ended March 31, 2026. This declaration was submitted to the stock exchanges on April 06, 2026, in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The confirmation was provided by Jigar Mehta on behalf of all promoters and Persons Acting in Concert (PACs).

The disclosure ensures that the shareholding of the promoter group remains free from charges such as pledges or hypothecation for the specified period. The filing is a mandatory requirement under the takeover regulations to provide transparency regarding the holding status of key shareholders.

The declaration covers the following members of the promoter and promoter group:

The document was signed by Aakash Joshi, Company Secretary & Compliance Officer of onward technologies . The filing was addressed to BSE Ltd and the National Stock Exchange of India Ltd to update their records.

Onward Technologies Limited has successfully completed the extinguishment of 5,48,780 fully paid-up equity shares, representing 2.41% of its total paid-up equity share capital. The company repurchased the shares at a price of ₹328 per share, aggregating to a consideration of ₹18,00,00,000, excluding transaction costs. The offer was subscribed 4.50 times, with the tendering period open from May 22, 2026, to May 29, 2026.

Buyback Details and Subscription

The Registrar to the Buyback, MUFG Intime India Private Limited, considered 3,457 valid applications for 24,69,566 equity shares. The subscription level was approximately 4.50 times the maximum number of shares proposed to be bought back. The settlement of all valid bids was completed by the Indian Clearing Corporation Limited and the National Securities Clearing Corporation Limited on June 5, 2026.

Capital Structure Changes

The extinguishment of 5,48,780 equity shares was completed on June 11, 2026. The company's issued and subscribed paid-up capital has reduced to 2,22,11,890 equity shares of ₹10 each, amounting to ₹22,21,18,900. This figure includes an allotment of 6,800 equity shares to employees who exercised options under the Onward Employee Stock Option Plan 2019 on May 19, 2026.

Shareholding Pattern

The shareholding pattern post-buyback indicates an increase in the promoter group's holding percentage to 40.02%, up from 39.07% previously. Foreign investors now hold 59.98% of the post-buyback equity share capital. Shares were accepted from several major shareholders, including Infinity Direct Holdings and Infinity Portfolio Holdings, which accounted for 14.28% and 13.85% of the total shares bought back, respectively.

Regulatory Compliance

The buyback was conducted pursuant to the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018. Centrum Broking Limited acted as the Manager to the Buyback Offer. The Board of Directors of Onward Technologies Limited has accepted full responsibility for the accuracy of the information contained in the Post Buyback Public Announcement.