Onward Technologies 35th AGM Approves Dividend, Director Reappointments

Event Details

Onward Technologies Limited held its 35th Annual General Meeting (AGM) on Thursday, July 16, 2026 through Video Conference/Other Audio Visual Means (VC/OAVM). The meeting commenced at 3:00 PM and concluded at 3:34 PM.

Meeting Conduct

Mr. Harish Mehta, Executive Chairman, presided over the meeting as Chairman. Quorum was present as required. The Chairman introduced the directors present and addressed members with a welcome speech.

Mr. Jigar Mehta, Managing Director, presented the business and financial performance of the Company and provided future outlook commentary.

Voting Arrangements

Remote e-voting was available to members from July 13, 2026 (9:00 AM) to July 15, 2026 (5:00 PM). Members who had not voted were given an additional 15 minutes after the meeting to cast their votes.

M/s Nilesh A. Pradhan & Co. LLP, Practicing Company Secretaries, were appointed as Scrutinizer to scrutinize the voting through electronic means (remote e-voting and voting at the meeting using electronic system).

Business Transacted

The following agenda items were approved at the AGM:

1. Approval of Financial Statements: Audited Standalone Financial Statements for the financial year ended March 31, 2026, together with Reports of Board of Directors and Auditors thereon.

2. Approval of Consolidated Financial Statements: Audited Consolidated Financial Statements for the financial year ended March 31, 2026, together with Report of Auditors thereon.

3. Dividend Declaration: Declaration of final dividend on equity shares for the financial year ended March 31, 2026. [Dividend amount per share not specified in disclosure]

4. Director Reappointment: Reappointment of Mr. Harsha Raghavan (DIN: 01761512) who retired by rotation, as an Ordinary Resolution.

5. Executive Chairman Reappointment: Reappointment of Mr. Harish Mehta (DIN: 00153549) as Whole-time Director designated as Executive Chairman and approval of his remuneration, as a Special Resolution.

6. Managing Director Reappointment: Reappointment of Mr. Jigar Mehta (DIN: 06829197) as Managing Director and approval of his remuneration, as a Special Resolution.

7. Independent Director Reappointment: Reappointment of Mr. Dhanpal Jhaveri (DIN: 02018124) as Independent Director for a second term of three years, as a Special Resolution.

8. Independent Director Reappointment: Reappointment of Mr. Jai Diwanji (DIN: 00910410) as Independent Director for a second term of three years, as a Special Resolution.

Results Communication

The result of the e-voting will be communicated separately to the exchanges.