Intimation under Regulation 30 of SEBI ( LODR) Regulations, 2015
ONWARDTEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Onward Technologies' Board has recommended re-appointing Mr. Harish Mehta as Executive Chairman and Mr. Jigar Mehta as Managing Director for another five years each, effective May 14, 2026. The board also approved revised remuneration terms for both directors for a period of three years. Both appointments and the revised pay package are subject to shareholder approval at the upcoming Annual General Meeting. Mr. Harish Mehta founded the company and is a prominent figure in the Indian IT industry, having co-founded NASSCOM. Mr. Jigar Mehta, his son, joined as MD in 2016 and has grown the company from 300 to over 2,500 employees across India, USA, UK, Germany, and Canada. The board meeting to consider these matters was held on May 5, 2026.
The re-appointment of the Mehta family leadership provides continuity in company management, which may reassure investors about stability. However, since the revised remuneration terms are pending shareholder approval, investors should monitor the details and voting outcome at the AGM.