Onward Technologies Limited has informed the Exchange that Board of Directors at its meeting held on May 16, 2025, recommended Final Dividend of 5 per equity share.
ONWARDTEC · price
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Onward Technologies' Board, at its May 16, 2025 meeting, approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with statutory auditors BSR & Co. LLP issuing an unmodified (clean) opinion. The Board recommended a Final Dividend of ₹5 per equity share (face value ₹10), subject to shareholder approval at the 34th AGM, implying a 50% payout on face value. Ms. Niranjani Chandramouli was re-appointed as a Non-Executive Independent Director for 3 years effective September 29, 2025. Additionally, Nilesh A. Pradhan & Co. LLP was appointed as Secretarial Auditor for a 5-year term spanning FY2025-26 to FY2029-30.
A clean audit opinion and consistent dividend declaration signal financial stability and shareholder-friendly policy; the dividend of ₹5 per share is a positive return for investors, while the governance changes (director re-appointment and new secretarial auditor) are routine compliance matters with no material impact expected on the stock price.