Onward Technologies Limited (the “Company”) has officially informed the stock exchanges of the outcome of its Board of Directors meeting held on May 12, 2026. During the session, the Board considered and approved a proposal to buy back up to 5,48,780 fully paid-up equity shares of the Company. This buyback represents approximately 2.41% of the total existing paid-up equity share capital as of May 8, 2026. The offer is structured through the “tender offer” route on a proportionate basis, in accordance with SEBI Buy-Back of Securities Regulations, 2018.

The approved buyback price is set at 328 per equity share, payable in cash. This results in a maximum buyback offer size of up to 18,00,00,000 (Rupees Eighteen Crores), excluding various transaction-related expenses such as brokerage, taxes, and professional fees. Notably, the Promoters and members of the Promoter Group have expressed their intention not to participate in this buyback process. To manage the execution, the Board has appointed Centrum Broking Limited as the Manager to the Buyback and designated Mr. Aakash Joshi as the Compliance Officer.

Onward Technologies is a prominent player in the digital engineering and IT consulting services sector, focusing on high-value sectors like Transportation and Industrial Equipment. Throughout 2025, the company aggressively pursued a strategic pivot toward becoming an AI-ready digital engineering services provider. In late 2025, management emphasized expanding its international footprint across US and European markets while optimizing its offshore-onshore delivery mix to manage rising costs. Recent updates include a planned 25 Crore capital expenditure over two years to establish dedicated AI labs and enhance infrastructure for long-term client contracts.

For the last quarterly results announced on May 5, 2026, for the period ended March 31, 2026, Onward Technologies reported a total income of 139.04 Crores. This marked a growth of 2.1% from the previous quarter’s 136.14 Crores and a 7.0% increase from the corresponding quarter of the previous year (129.98 Crores). However, the net profit for the quarter stood at 9.55 Crores, representing a 5.4% decline from the previous quarter and an 8.3% decrease year-on-year, primarily due to an 8.1% rise in total expenses. Notable institutional and famous investors in the company during 2025 and early 2026 include the ICICI Prudential Technology Fund and Whiteoak Capital Flexi Cap Fund, while Infinity Portfolio Holdings remains a significant foreign portfolio investor with a substantial holding.