Onward Technologies Limited announces a tender offer buyback of up to 5,48,780 equity shares at ₹328 per share for an aggregate consideration not exceeding ₹18 crores.
The buyback offers 39 shares for every 985 held by small shareholders and 34 shares for every 859 held by other eligible shareholders, with promoters expressing non-participation intent.
The buyback schedule runs from May 22 to May 29, 2026, with settlement completion by June 16, 2026, funded from company's surplus cash balances.
Post-buyback financial impact shows improved EPS from 14.25 to 14.61 (standalone) and 19.64 to 20.13 (consolidated), with promoter holding increasing from 39.07% to 40.02%.