Onward Technologies Ltd

OCRPS investment in OT Park

• Board approves investment up to ₹131.04 million via subscription to 105,000 OCRPS of OT Park.
• OT Park is a wholly-owned subsidiary; investment made through a Rights Issue, cash consideration.
• Cost up to ₹131.04 million; OCRPS: face value ₹10, issue price ₹1,248 per OCRPS.
• Control retained by Onward Technologies; OT Park remains wholly-owned subsidiary.
• Purpose: fund OT Park's long-term workplace infrastructure and other corporate needs.
• Indicative completion subject to corporate and statutory formalities.
• Regulatory approvals: Not applicable.
• Target entity: OT Park Private Limited; turnover ₹237.98 Lakhs.
• Related party transaction as OT Park is Onward’s wholly-owned subsidiary.

Onward Technologies Ltd: Trading window closed from October 01, 2026 and shall be reopened 48 hours after the declaration of Unaudited Financial Results for the quarter ended September 30, 2026.

Meeting Details

• Date and time: 30 September 2026, 1:00 pm – 2:00 pm.
• Type and mode: group meeting, virtual.
• Event/organiser: Bharat Connect Conference: Rising Stars – September 2026 by Arihant Capital.
• Purpose: general investor interaction; discussion on general business outlook.

Contract renewal details

• Awarding entity: World's leading manufacturer of construction and mining equipment (Domestic).
• Scope: Managed Digital Services for the ecommerce aftermarket platform, including development, testing, deployment, and integration.
• Contract value: ₹44.46 crore aggregate over the tenure.
• Duration: August 2026 to August 2029.
• Delivery model: 100% offshore delivery from India delivery centers.
• Promoter group: No interest; not a related party transaction.
• Material impact: 72% uplift vs prior contract; enhances revenue visibility.

Promoter share acquisition

• JHM Enterprises Private Limited acquired 25,000 equity shares (0.11% of paid-up capital) from open market.
• Acquisition does not change control and complies with SEBI regulations.

Meeting Details

• 7 September 2026, 4:00 pm–6:00 pm
• Group meeting with institutional investors
• Venue: Pune

Participants

• Role: Company Secretary & Compliance Officer

Purpose

• Discussion on general business outlook based on public information

Allotment Details

• 6,500 equity shares issued under ESOP 2019 to eligible employees.
• Exercise price ₹20 per share; premium ₹10 per share.
• Issue date: 21 August 2026.
• Total issued equity shares after issue: 22,249,390.
• Distinctive numbers: 2,27,91,671 to 2,27,98,170.
• ISIN: INE229A01017.
• Total issued share capital after this issue: ₹22,24,93,900.
• Par value: ₹10 per share.
• All shares rank pari-passu with existing equity shares.
• Lock-in not applicable.

Promoter share acquisition

• Promoter Prachi Mehta acquired 30,127 equity shares from open market.
• The stake represents 0.13% of the company's paid-up share capital.
• Acquisition does not change control and complies with SEBI regulations.

Tax penalty update

• Order dated 28 July 2026 imposes ₹10,59,664 penalty under Section 270A of the IT Act.
• Penalty relates to disallowance of expenses and taxation relief claim for FY2019-20.
• This is due to retrospective changes in tax law and interpretation, causing re-assessment of declared income for FY2019-20.
• The penalty will have a financial impact; no material impact on operations.
• Company has recourse to appeal the order.
• Receipt date of the order: 31 July 2026.