Meeting Details

The 35th Annual General Meeting (AGM) of Onward Technologies Limited was held on Thursday, July 16, 2026 at 3:00 p.m. (IST) through video conferencing (VC) / other audio visual means (OAVM). The cut-off date for determining shareholder eligibility to vote was July 9, 2026.

Proposed Resolutions and Implications

The AGM considered seven resolutions:

1. Ordinary Resolution: Adoption of audited financial statements (including audited consolidated financial statements) for the year ended March 31, 2026 and the Directors' and Auditors' Report

2. Ordinary Resolution: Declaration of final dividend for the year ended March 31, 2026

3. Ordinary Resolution: Re-appointment of Mr. Harsha Raghavan (DIN: 01761512) as Director liable to retire by rotation

4. Special Resolution: Re-appointment of Mr. Harish Mehta as a Wholetime Director designated as Executive Chairman of the Company

5. Special Resolution: Re-appointment of Mr. Harish Mehta as Managing Director of the Company

6. Special Resolution: Re-appointment of Mr. Dhanpal Jhaveri (DIN: 02018124) as an Independent Director for a second term of three years

7. Special Resolution: Re-appointment of Mr. Jai Diwanji (DIN: 00910410) as an Independent Director for a second term of three years

Voting Process and Methods

The Company appointed National Securities Depository Limited (NSDL) as the service provider for the voting process. Remote e-voting was conducted from Monday, July 13, 2026 at 9:00 a.m. to Wednesday, July 15, 2026 at 5:00 p.m. Additionally, e-voting facilities were provided during the AGM for members who had not voted remotely. The remote e-voting facility was unblocked in the presence of two witnesses not employed by the Company.

Key Voting Outcomes

Participation Statistics:

  • 89 members cast votes through remote e-voting
  • 2 members cast votes through e-voting during the AGM

Resolution-wise Results:

Resolution 1 (Ordinary - Financial Statements):

  • Votes in favor: 13,851,161 (99.9997%)
  • Votes against: 38 (0.0003%)
  • Total votes: 13,851,199 (100%)

Resolution 2 (Ordinary - Final Dividend):

  • Votes in favor: 13,851,159 (99.9997%)
  • Votes against: 38 (0.0003%)
  • Total votes: 13,851,197 (100%)

Resolution 3 (Ordinary - Re-appointment of Harsha Raghavan):

  • Votes in favor: 13,842,613 (99.9380%)
  • Votes against: 8,586 (0.0620%)
  • Total votes: 13,851,199 (100%)

Resolution 4 (Special - Re-appointment of Harish Mehta as Executive Chairman):

  • Votes in favor: 13,833,710 (99.8737%)
  • Votes against: 17,489 (0.1263%)
  • Total votes: 13,851,199 (100%)

Resolution 5 (Special - Re-appointment of Harish Mehta as Managing Director):

  • Votes in favor: 13,833,710 (99.8737%)
  • Votes against: 17,489 (0.1263%)
  • Total votes: 13,851,199 (100%)

Resolution 6 (Special - Re-appointment of Dhanpal Jhaveri as Independent Director):

  • Votes in favor: 13,514,587 (97.5698%)
  • Votes against: 336,612 (2.4302%)
  • Total votes: 13,851,199 (100%)

Resolution 7 (Special - Re-appointment of Jai Diwanji as Independent Director):

  • Votes in favor: 13,842,613 (99.9380%)
  • Votes against: 8,586 (0.0620%)
  • Total votes: 13,851,199 (100%)

Scrutinizer's Role and Findings

Prajakta V. Padhye, Partner of Nilesh A Pradhan & Co., LLP, was appointed as Scrutinizer by the Board of Directors at its meeting held on May 5, 2026. She conducted the remote e-voting process and assumed responsibility for e-voting at the AGM upon the Chairman's request. The scrutinizer confirmed the voting process was conducted properly and submitted this consolidated report.

Compliance Confirmation

The voting process was conducted in compliance with Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, as amended by the Companies (Management and Administration) Amendment Rules, 2015 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.