Onward Technologies Limited allotted 31,000 equity shares pursuant to exercise of options under Employee Stock Option Scheme, 2019 ('ESOP 2019'). The shares have a face value of ₹10 each and were issued at an exercise price of ₹20 per share (₹10 face value + ₹10 premium per share).
The paid-up share capital increased from the previous amount to ₹22,24,28,900 after this issue, representing 2,22,42,890 equity shares total outstanding.
The allotment was made under the 'Onward Employees Stock Option Plan 2019 (ESOP 2019)' in compliance with Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The scheme was originally filed with BSE on October 15, 2019 (DCS/IPO/SD/ESOP-IP/295/2019-20) and with NSE on September 30, 2019 (NSE/LIST/21914).
The shares carry ISIN INE229A01017 and are listed on both BSE Limited and National Stock Exchange of India Limited. The distinctive numbers range from 2,22,11,891 to 2,22,42,890. The newly allotted shares rank pari-passu with the existing equity shares of the Company.
There are no lock-in restrictions applicable to these shares, and no listing fees are payable for this allotment.
Additional Announcements:
The document serves solely as an intimation of ESOP allotment with no additional corporate updates provided.