Onward Technologies completes buyback, extinguishes 5.49 lakh shares
ONWARDTEC · price
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Onward Technologies has completed its buyback, extinguishing 5,48,780 equity shares (worth ₹54.88 lakh) through the tender offer route. Post-buyback, paid-up share capital stands at 2,22,11,890 shares of ₹10 each, down from 2,27,60,670. The buyback was open May 22-29, 2026, with shares extinguished on June 11. Promoter holding stays at 88.90 lakh shares, now 40.02% of capital post-buyback vs 39.07% earlier.
Reduces share count by ~2.4%, marginally boosting EPS. Promoter stake rises from 39.07% to 40.02%.