Onward Technologies board approved buyback of 5.48 lakh equity shares at ₹328 per share via tender offer route.
Total buyback size is ₹18 crore excluding expenses; promoters will not participate in the offer.
Company appointed Centrum Broking as manager and formed buyback committee to oversee the process.
Pre-buyback shareholding shows promoters hold 39.07% while public holds 59.57% of equity.