Submission of letter of offer for Buyback of fully paid-up equity shares of Onward Technologies Limited
ONWARDTEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Onward Technologies Limited has announced a share buyback offer of up to 5,48,780 equity shares (2.41% of total paid-up capital) at ₹328 per share, totaling up to ₹18 Crores. The buyback represents 8.53% and 7.49% of the company's standalone and consolidated free reserves respectively, well within the statutory 10% limit. The record date is May 18, 2026, with the buyback window opening on May 22, 2026 and closing on May 29, 2026. Small shareholders receive a preferential ratio of 39 shares per 985 held versus 34 shares per 859 for general shareholders. Notably, the promoters have confirmed they will not participate in the buyback, which is being conducted via the stock exchange mechanism through BSE.
The buyback signals management confidence in the company's fundamentals, as evidenced by the promoters staying away. At ₹328 per share, it offers immediate liquidity to shareholders wishing to exit. The relatively small size (2.41% of shares) limits the price impact but may provide minor support to the stock price during the tender period.