Onward Technologies Limited has informed the Exchange regarding 'Intimation under Regulation 30 of the Securities and Exchange Board of India (ListingObligations and Disclosure Requirements) Regulations, 2015 ( the SEBI Listing Regulations )'.
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Onward Technologies Limited's Board of Directors, in its meeting held on May 5, 2026, recommended the re-appointment of Mr. Harish Mehta as Executive Chairman and Mr. Jigar Mehta as Managing Director, both for a period of five years starting May 14, 2026. Both directors have been leading the company for several years—Harish Mehta is the founder who helped build the Indian IT industry, while Jigar Mehta has grown the company from 300 to over 2,500 employees across multiple global locations. The Board also approved revised remuneration terms for both directors for a period of three years. All these recommendations are subject to approval by shareholders at the upcoming Annual General Meeting.
The re-appointment of the founding Mehta family members provides continuity in leadership, which may be viewed positively by investors who value stability. However, since both directors are related parties (father and son), shareholders may scrutinize the revised remuneration terms closely during the AGM approval process.