Newspaper Publication with respect to completion of dispatch of Letter of Offer
ONWARDTEC · price
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Onward Technologies Ltd has published newspaper advertisements confirming the completion of dispatch of the Letter of Offer to all eligible shareholders for its ongoing buyback offer. The buyback involves up to 5,48,780 fully paid-up equity shares of face value ₹10 each at a price of ₹328 per share, with a maximum aggregate consideration of ₹18 Crores. The advertisements were published on May 21, 2026 in three newspapers: Financial Express (English), Jansatta (Hindi), and Navshakti (Marathi). The Letter of Offer was originally submitted on May 20, 2026, dated May 19, 2026, and includes tender forms for both demat and physical shareholders.
This is a procedural update confirming that shareholders have received the Letter of Offer. Shareholders who wish to participate in the buyback should now have received their tender forms and can submit their acceptance. The stock may see increased trading activity as the tender window opens.