Onward Technologies promoter acquires 30,127 equity shares

0 min read Updated on 18 Aug 2026, 04:59 PM

Reviewed by

Shriram SScanX News Team

AI Summary

Onward Technologies Ltd announced that promoter Mrs Prachi Mehta acquired 30,127 equity shares, comprising 0.13% of the paid-up capital, from the open market. The move does not alter the company's control structure.

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

Onward Technologies disclosed that Mrs Prachi Mehta, a promoter of the company, acquired 30,127 equity shares from the open market. The transaction was reported on August 18, 2026, via a communication to the Bombay Stock Exchange and the National Stock Exchange of India.

The acquisition represents 0.13% of the company’s total paid-up share capital. The company stated that this purchase does not result in any change in control and is in compliance with applicable Securities and Exchange Board of India regulations.

Transaction Details

Metric	Value
Promoter Name	Mrs Prachi Mehta
Shares Acquired	30,127
Percentage of Paid-up Capital	0.13%
Source of Acquisition	Open Market
Date of Disclosure	August 18, 2026

The disclosure was signed by Aakash Joshi, Company Secretary and Compliance Officer of Onward Technologies Limited.

Historical Stock Returns for Onward Technologies

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.08%	-0.39%	-0.75%	-2.05%	-10.27%	+17.79%

Does this open market purchase signal broader insider confidence in Onward Technologies' upcoming earnings or strategic initiatives?

How might this acquisition influence retail investor sentiment and short-term trading volume for the stock?

Are there any pending regulatory filings or lock-in period expirations that coincide with this timing of share acquisition?

Read Next Article

Onward Technologies receives ₹10.6 lakh penalty from Income Tax Dept

1 min read Updated on 14 Aug 2026, 03:11 PM

Reviewed by

Riya DScanX News Team

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AI Summary

Onward Technologies Limited faces a **₹10,59,664** penalty from the Income Tax Department for FY19-20 tax assessment issues. The fine arises from disallowed expenses and relief claims due to retrospective law changes. The company asserts no material operational impact and plans to appeal.

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Onward Technologies received a penalty order of ₹10,59,664 from the Income Tax Department on July 31, 2026. The order, dated July 28, 2026, imposes the fine under Section 270A of the Income-tax Act, 1961, concerning tax assessments for FY19-20.

The penalty stems from the disallowance of certain expenses and taxation relief claims for the fiscal year 2019-20. The department cited a change in taxation law applied retrospectively and a specific interpretation of the law as the basis for the reassessment of declared income for that period.

Regulatory Disclosure

The company disclosed the development pursuant to Regulation 30 read with Para A(20) of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made to the BSE and NSE on August 14, 2026.

Particulars	Details
Authority	Income Tax Department
Penalty Amount	₹10,59,664
Relevant Section	Section 270A, Income-tax Act, 1961
Order Date	July 28, 2026
Receipt Date	July 31, 2026
Violation Basis	Disallowance of expenses/relief claims for FY19-20

Financial Impact and Recourse

Onward Technologies stated that the penalty will have a corresponding financial impact on the company but confirmed there is no material impact on its operations. The company noted it has the recourse to file an appeal against the order.

Managing Director Jigar Mehta signed the disclosure letter, confirming the details of the regulatory action taken by the tax authority.

Historical Stock Returns for Onward Technologies