Onward Technologies Limited disclosed that its promoters and promoter group have not created any encumbrance on their shareholdings during the financial year ended March 31, 2026. This confirmation, submitted on April 06, 2026, covers all shares held directly or indirectly by the promoters, including Persons Acting in Concert (PACs). The declaration ensures that the share capital remains free from charges such as pledges or hypothecation, which is critical for maintaining ownership stability and regulatory compliance.

The filing was made in accordance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates that promoters annually confirm the status of their holdings to prevent covert accumulation or disposal of stakes that could trigger takeover codes or affect market liquidity. The document was signed by Jigar Mehta, a promoter of the company, on behalf of the entire promoter group.

Aakash Joshi, Company Secretary & Compliance Officer of onward technologies , submitted the declaration to both BSE Ltd. and National Stock Exchange of India Ltd. The submission included specific reference numbers and was addressed to the respective regulatory heads at the exchanges. The filing was formally acknowledged and recorded by the exchanges on the same date.

The disclosure provides transparency regarding the financial standing of the company's key shareholders. By confirming the absence of encumbrances, the promoters signal that there are no immediate risks related to margin calls or forced sales of shares, which could otherwise lead to volatility in the stock price. This information is material for investors assessing the governance and risk profile of the entity.

Key Filing Details

Onward Technologies Limited has completed the dispatch of the Letter of Offer for its buyback of up to 5,48,780 fully paid-up equity shares at a price of ₹328 per share, aggregating up to ₹18,00,00,000. The company submitted a copy of the newspaper advertisement published on May 21, 2026, to the stock exchanges, confirming the completion of the dispatch process. The Letter of Offer was filed with SEBI and stock exchanges on May 20, 2026, and subsequently dispatched to eligible shareholders as on the Record Date of Monday, May 18, 2026. The buyback offer is being conducted through the tender offer route using the stock exchange mechanism.

Buyback Schedule and Entitlement

The buyback opening date is Friday, May 22, 2026, and the closing date is Friday, May 29, 2026. The last date for receipt of tender forms by the Registrar is May 29, 2026, by 5:00 PM IST. The buyback size represents 2.41% of the total paid-up equity share capital. The Promoters and Promoter Group have confirmed they will not participate in the buyback.

The entitlement ratio for the Reserved Category for Small Shareholders is 39 Equity Shares for every 985 Equity Shares held on the Record Date. For the General Category for all other Eligible Shareholders, the ratio is 34 Equity Shares for every 859 Equity Shares held on the Record Date. Eligible shareholders can check their entitlement on the website of the Registrar to the Buyback by visiting the specified link and entering their DPID CLID, Folio Number, or PAN.

Financial Context and Appointments

For the financial year ending March 31, 2026, Onward Technologies reported a net profit after tax of ₹32.16 crores on a standalone basis and ₹44.32 crores on a consolidated basis. The company has been debt-free for the last three years. Centrum Broking Limited has been appointed as the Manager to the Buyback, and MUFG Intime India Private Limited has been appointed as the Registrar to the Buyback.