Onward Technologies Limited has informed the Exchange regarding 'Submission of Letter of Offer for Buyback of fully paid-up Equity Shares of Onward Technologies Limited'.
ONWARDTEC · price
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Onward Technologies Limited is launching a buyback of up to 5,48,780 equity shares (2.41% of outstanding shares) at ₹328 per share, totaling up to ₹18 Crores. The buyback opens on May 22, 2026 and closes on May 29, 2026. Record date was May 18, 2026. Small shareholders get preferential entitlement ratio of 39 shares per 985 held versus 34 shares per 859 for general category. The buyback size represents 8.53% (standalone) and 7.49% (consolidated) of paid-up capital and free reserves. Promoters have indicated they will not participate in the buyback. The company will use internal cash accruals to fund the buyback, which is being conducted via stock exchange mechanism through BSE.
The buyback offers shareholders a cash exit opportunity at ₹328 per share. Promoters not participating signals confidence in company value and protects minority shareholder participation. The ₹18 crore buyback should support the stock price near the buyback level during the offer period.