Onward Technologies shareholders approve all resolutions at 35th AGM
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.
*this image is generated using AI for illustrative purposes only.
[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%.
| Resolution | Votes in Favour | Votes Against | Total Votes | % in Favour |
|---|---|---|---|---|
| Re-appointment of Dhanpal Jhaveri | 13,514,587 | 336,612 | 13,851,199 | 97.5698 |
| Re-appointment of Jai Diwanji | 13,842,613 | 8,586 | 13,851,199 | 99.9380 |
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% |
What strategic growth initiatives does Onward Technologies plan to pursue under the renewed leadership of Mr. Harish Mehta and Mr. Jigar Mehta?
How does the company plan to utilize its capital reserves following the approval of the audited financials and dividend declaration?
What impact will the re-appointment of the independent directors have on the company's governance and future strategic direction?
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