Annual Secretarial Compliance report for the period year ended March 31, 2026
ONWARDTEC · price
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Onward Technologies Ltd has submitted its Annual Secretarial Compliance Report for FY2026, examined by M/s Nilesh A Pradhan & Co., LLP. The company largely maintained compliance with SEBI regulations including LODR, Insider Trading, and Takeover regulations. One minor deviation was identified: a trustee of the company's Employee Welfare Trust was simultaneously a director of a subsidiary, which violates Regulation 3(4) of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The trustee resigned from the subsidiary directorship before the report was signed, and management stated the appointment was inadvertent and was promptly rectified. No fines were imposed, and no actions were taken by SEBI or stock exchanges against the company during the review period.
The compliance report is largely positive with one minor procedural violation that was self-corrected. The absence of regulatory actions and the rectification of the trust appointment issue suggests no material negative impact on shareholders or the stock.