Centrum Broking Limited ("Manager to the Buyback") has submitted to BSE a copy of Letter of Offer for the attention of Equity Shareholders of Onward Technologies Ltd ("the Company").

Buyback Premium Above 10pctCorporate 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

+0.6%Reaction day

₹258.90

prior close

₹263.95

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.1%-0.5% vs market

IT Enabled Services peers, median of 69sector+0.3%+0.3% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 0.3 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

-0.7

10m

-0.7

15m

-0.7

30m

-1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.6+1.1-0.5+0.3+0.3

Next day

+0.7+1.2-0.5-0.0+0.7

+5.1+2.8+2.3+0.5+4.6

+4.5+3.5+1.0+1.8+2.7

+5.0+3.5+1.6+1.8+3.3

+2.0+2.8-0.9+0.0+1.9

+4.6+2.8+1.7+0.3+4.3

15d

-3.5+4.2-7.7+0.1-3.5

+1.6+10.1-8.5+1.6+0.0

+13.1+10.0+3.1-3.0+16.1

+9.9+14.6-4.7-6.4+16.3

UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 69Pending

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

AI summary

Onward Technologies Ltd has announced a buyback of up to 5,48,780 fully paid-up equity shares (2.41% of total shares) at ₹328 per share, payable in cash, for an aggregate amount not exceeding ₹18 crores. The buyback will be conducted via tender offer through BSE and is open from May 22 to May 29, 2026. The buyback represents 8.53% and 7.49% of standalone and consolidated free reserves respectively, within the statutory 10% limit. Promoters have indicated they will not participate in the buyback. Small shareholders (holding up to ₹2 lakh market value) are reserved 15% of the buyback offer with a slightly better entitlement ratio.

Likely market impact

Shareholders can tender up to their entitled proportion of shares at ₹328 per share, which may provide a liquidity opportunity. The buyback will reduce the total number of outstanding shares, potentially benefiting earnings per share. Since promoters are not participating, public shareholders will receive the full benefit.