Onward Technologies Receives ₹10 Lakh SOFTEX Penalty

Onward Technologies received Order-in-Original from SEEPZ-SEZ imposing ₹10,00,000 penalty for delayed SOFTEX form filings.
The penalty relates to procedural delays in filing 270 SOFTEX forms for export transactions, with all export proceeds duly realized.
The authority condoned the delays and closed the issue, with no allegations of fund diversion or export realization problems.
Financial impact is limited to the penalty amount, with no material operational or financial impact on the company.