Onward Technologies director Jay Sonawala completes term

1 min read Updated on 19 Jul 2026, 09:58 AM

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Suketu GScanX News Team

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Onward Technologies Limited announced that Independent Director Jay Sonawala will complete his tenure with the company at the end of the day on July 20, 2026. The cessation is due to the completion of his term. The company expressed appreciation for his contributions in a regulatory filing.

*this image is generated using AI for illustrative purposes only.

Onward Technologies Limited announced that Independent Director Jay Sonawala will complete his tenure with the company at the end of the day on July 20, 2026. The cessation of his directorship is attributed to the completion of his term. The Board of Directors and management acknowledged his contributions during his association with the firm.

The disclosure was made to the stock exchanges in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the requisite details regarding the change have been submitted as per the regulatory framework.

The filing specified that the terms of appointment for the outgoing director were not applicable following the cessation. Additionally, the document noted that further disclosures regarding relationships between directors were not required in this instance.

Details of Cessation

Sr No	Details of Events	Mr. Jay Sonawala
1	Reason for change	Retirement due to Completion of Tenure as an Independent Director
2	Date of cessation	Completion of Tenure as an Independent Director with effect from end of day on July 20, 2026.
3	Brief profile	Not Applicable
4	Disclosure of relationships between directors	Not Applicable

Historical Stock Returns for Onward Technologies

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.63%	+0.22%	+2.04%	-10.23%	-11.22%	+16.54%

Who will Onward Technologies appoint to replace Jay Sonawala, and how might this influence the board's strategic direction?

Will the departure of the Independent Director impact the company's governance committees, such as the audit or remuneration committees?

What is the timeline for the search process to identify a successor to ensure a smooth transition before July 2026?

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Onward Technologies shareholders approve all resolutions at 35th AGM

1 min read Updated on 17 Jul 2026, 04:11 PM

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Suketu GScanX News Team

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Onward Technologies Limited held its 35th Annual General Meeting on July 16, 2026, via video conferencing, where shareholders approved all proposed resolutions. The meeting ratified the audited standalone and consolidated financial statements for the year ended March 31, 2026, and declared a final dividend. Furthermore, the re-appointment of Mr. Harish Mehta as Executive Chairman, Mr. Jigar Mehta as Managing Director, and Independent Directors Mr. Dhanpal Jhaveri and Mr. Jai Diwanji was approved.

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[Onward Technologies Limited](onward technologies) shareholders approved all resolutions during its 35th Annual General Meeting (AGM) held on July 16, 2026, through video conferencing. The meeting saw the adoption of audited financial statements for the year ended March 31, 2026, and the re-appointment of key leadership positions, including Mr. Harish Mehta as Executive Chairman and Mr. Jigar Mehta as Managing Director.

The remote e-voting process, conducted by National Securities Depository Limited (NSDL), was open from July 13, 2026, to July 15, 2026. A total of 89 members cast their votes through remote e-voting, while 2 members voted during the AGM. The scrutinizer, Prajakta V. Padhye of Nilesh A. Pradhan & Co., LLP, oversaw the process.

Financial Results and Dividend

Shareholders approved the adoption of the audited financial statements and the declaration of a final dividend for the year ended March 31, 2026. The resolution received overwhelming support with 99.9997% of votes in favour.

Resolution	Votes in Favour	Votes Against	Total Votes	% in Favour
Adoption of Financial Statements	13,851,161	38	13,851,199	99.9997
Declaration of Final Dividend	13,851,159	38	13,851,197	99.9997

Re-appointment of Directors

The re-appointment of Mr. Harsha Raghavan as a Director liable to retire by rotation was approved with 99.9380% of votes in favour. The re-appointment of Mr. Harish Mehta as Executive Chairman and Mr. Jigar Mehta as Managing Director, both special resolutions, were passed with 99.8737% approval.

Resolution	Votes in Favour	Votes Against	Total Votes	% in Favour
Re-appointment of Harsha Raghavan	13,842,613	8,586	13,851,199	99.9380
Re-appointment of Harish Mehta	13,833,710	17,489	13,851,199	99.8737
Re-appointment of Jigar Mehta	13,833,710	17,489	13,851,199	99.8737

Independent Directors

The re-appointment of Mr. Dhanpal Jhaveri and Mr. Jai Diwanji as Independent Directors for a second term of three years was also approved. Mr. Jhaveri's re-appointment received 97.5698% votes in favour, while Mr. Diwanji's received 99.9380%.