Onward Technologies Limited has informed the Exchange regarding allotment of 24400 securities pursuant to ESOP/ESPS at its meeting held on Jun 02, 2025
ONWARDTEC · price
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Onward Technologies has allotted 24,400 equity shares to eligible employees who exercised their stock options under the Employee Stock Option Scheme (ESOP) 2019. The shares were issued at ₹20 per share (₹10 face value + ₹10 premium) on June 2, 2025. After this allotment, the total issued shares stand at 2,27,15,970, taking the total share capital to ₹22.71 crore. The Nomination and Remuneration Committee approved the allotment via a circular resolution.
This is a routine ESOP allotment with negligible dilution — only 24,400 new shares against an existing base of over 2.27 crore shares (roughly 0.1% dilution). No material impact on share price or shareholder value is expected.