Outcome of Board Meeting
ONWARDTEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Onward Technologies' Board approved audited financial results for Q4 and FY ended March 31, 2026. Statutory auditors BSR & Co. LLP issued an Unmodified (clean) opinion on both standalone and consolidated results. The Board recommended a Final Dividend of Rs 8 per equity share (face value Rs 10), subject to shareholder approval at the 35th AGM. Four directors were re-appointed: Executive Chairman Harish Mehta and Managing Director Jigar Mehta (each for 5 years), and Independent Directors Dhanpal Jhaveri and Jai Diwanji (each for 3 years). Note that Harish Mehta is father of Jigar Mehta. Group subsidiaries contributed Rs 2,917 lakhs in assets, Rs 4,939 lakhs in revenue, and Rs 656 lakhs net profit during the year.
Clean audit results and maiden Rs 8 dividend signal financial stability. Related party director appointments (father-son duo leading the company) require shareholder scrutiny but appear routine. The stock should trade positively on the combination of clean audit, dividend declaration, and leadership continuity.