Onward Technologies Limited (OTL) has officially announced its audited financial results for the quarter and financial year ended March 31, 2026. The Board of Directors, meeting on May 5, 2026, approved the consolidated and standalone results, which received an unmodified opinion from statutory auditors M/s BSR & Co. LLP. In a significant move for shareholders, the Board recommended a final dividend of ₹8 per equity share (80% of face value) for the 2025-26 fiscal year. Additionally, the company approved the re-appointment of several key board members, including Mr. Harish Mehta as Executive Chairman and Mr. Jigar Mehta as Managing Director, both for five-year terms starting May 14, 2026.

Onward Technologies is a prominent Indian engineering and IT services provider with a global footprint across India, the USA, UK, Germany, and Canada. The company has evolved from a family-led business of 300 employees to a robust team of over 2,500 professionals. Led by industry pioneer Mr. Harish Mehta—a co-founder of NASSCOM—the firm continues to expand its reach in specialized sectors. Recent developments include a legal victory in the United States where ex-parte orders restricting the bank balances of its subsidiary, Onward Technologies Inc., were vacated and the restrictions lifted, allowing the company to contest the underlying proceedings on merit.

The company’s financial performance for the quarter ended March 31, 2026, shows steady operational growth despite some margin pressure. Revenue from operations reached ₹137.12 Crores, representing a 1.86% increase from the previous quarter and a 7.72% increase from the same period last year. However, net profit for the quarter stood at ₹9.55 Crores, a decline of 5.45% sequentially and 8.26% year-on-year. Notably, the company recognized an exceptional item of ₹3.16 Crores during the year related to the incremental impact of new Indian Labour Codes on employee benefit obligations. A key figure in the company’s governance and investment landscape is Vice Chairman of Everstone Group, Mr. Dhanpal Jhaveri, who serves as an Independent Director and brings extensive expertise in private equity and sustainable infrastructure to the board.