Buyback of shares

Corporate Actions View source PDF Explain this filing

ONWARDTEC · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.6%Reaction day

₹273.98

prior close

₹267.46

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-3.1%+0.5% vs market

IT Enabled Services peers, median of 72sector-3.5%+1.0% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250 and 1.0 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.0

10m

+0.8

15m

+0.0

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.6-3.1+0.5-3.5+1.0

Next day

-1.7-2.4+0.7-3.1+1.4

-2.2-2.2-0.1-4.2+2.0

-1.5-2.5+1.1-4.9+3.4

-8.8-3.8-4.9-5.9-2.8

-5.3-3.4-1.9-5.4+0.1

-4.9-1.8-3.2-3.7-1.2

15d

-5.4+0.1-5.5-3.8-1.5

-8.8+1.2-10.0-5.2-3.6

+5.7+7.9-2.2-6.0+11.7

+5.5+10.3-4.8-6.9+12.4

UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 72Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Onward Technologies Ltd has approved a buyback of up to 5,48,780 equity shares (2.41% of total paid-up capital) at ₹328 per share, aggregating up to ₹18 crore. The buyback will be conducted through the tender offer route on a proportionate basis under SEBI Buyback Regulations. Promoters and promoter group have confirmed they will not participate in the buyback. Centrum Broking Limited has been appointed as the manager to the buyback. The public announcement and letter of offer will be released in due course. Pre-buyback shareholding shows promoters hold 39.07% while public shareholders hold 59.57% of the company.

Likely market impact

The buyback at ₹328 per share signals management confidence and provides a premium exit opportunity to public shareholders. Since promoters are not participating, the buyback will exclusively benefit public shareholders, potentially supporting the stock price near the buyback level.