Onward Technologies logo

Onward Technologies MD, chairman, board of directors and AGM

NSE: ONWARDTECBSE: 517536IT - ServicesSmall Cap

Last close ₹436.45down ₹23.30 (5.07%)BSE ₹438.55

Share price at the NSE close on 23 Oct 2026. Previous close ₹459.75.

52-week range of traded prices to 23 Oct 2026
₹208.25Low, 30 Mar 2026₹495.65High, 19 Oct 2026
Market cap
₹971 Cr1,754th largest listed
P/E
20.4
P/B
3.9
Dividend yield
1.83%
ROE
19.9%
ROCE
25.1%
Debt to equity
0.00
Volume, NSE
2,80,12342.1% delivered

Onward Technologies board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonHarish MehtaRelated to the promoter
  • Managing directorJigar Mehta
  • Company Secretary and Compliance OfficerAakash Joshi

6 directors3 independent2 executive1 non-executive

  • Harish Mehta · ChairpersonExecutive · joined Jul 1991 · reappointed Jul 2026 · 1 listed board
  • Jigar Mehta · Managing directorExecutive · joined May 2016 · reappointed Jul 2026 · 1 listed board · 1 committee seat
  • Harsha RaghavanNon-executive · joined Jun 2021 · 63 months as independent · 4 listed boards · 3 committee seats
  • Niranjani ChandramouliIndependent · joined Sep 2022 · reappointed Jul 2025 · 48 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Jai DiwanjiIndependent · joined May 2023 · reappointed Jul 2026 · 40 months as independent · 4 listed boards · 4 as independent · 6 committee seats, 1 as chair
  • Dhanpal JhaveriIndependent · joined May 2023 · reappointed Jul 2026 · 40 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • Jay Sonawala, left 20 Jul 2026: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 28 Sep 20265 of 6 present2 independent
    • 16 Jul 20266 of 7 present3 independent
    • 12 May 20265 of 7 present3 independent
    • 5 May 20267 of 7 present4 independent

  • Audit Committee

    Chair Dhanpal Jhaveri

    Harsha Raghavan, Niranjani Chandramouli, Jai Diwanji

    • 25 Aug 20263 of 4 present2 independent · 39 days in between
    • 16 Jul 20263 of 4 present2 independent · 71 days in between
    • 5 May 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Niranjani Chandramouli

    Harsha Raghavan, Dhanpal Jhaveri

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair Dhanpal Jhaveri

    Jigar Mehta, Jai Diwanji

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Jai Diwanji

    Niranjani Chandramouli, Jigar Mehta

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair Harish Mehta

    Jigar Mehta, Jai Diwanji

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • M/s BSR & Co. LLPPeer-review certificate valid to Jul 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Onward Technologies AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Onward Technologies dividend history

Annual general meeting, 16 Jul 2026

22,793 shareholders on the register on 9 Jul 2026; present: 5 promoters and 47 others; votes counted by Prajakta V. Padhye / Nilesh A. Pradhan & Co, LLP.The company's voting result (opens in a new tab)

  1. Adoption of audited Standalone Financial Statements (including Audited Consolidated Financial Statements) for the year ended 31st March, 2026 and the Directors and Auditors Report
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 62.27% · promoters 100.00% · institutions 93.31% · other public 9.85%

  2. Declaration of final dividend
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 62.27% · promoters 100.00% · institutions 93.31% · other public 9.85%

  3. Re-appointment of Mr. Harsha Raghavan (DIN: 01761512) as Director of the Company, liable to retire by rotation
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.97%

    Turnout: all 62.27% · promoters 100.00% · institutions 93.31% · other public 9.85%

  4. Re-appointment of Mr. Harish Mehta as a Whole time Director designated as Executive Chairman of the Company and approval of remuneration
    SpecialPromoters have an interest in it
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.22% · other public 0.97%

    Turnout: all 62.27% · promoters 100.00% · institutions 93.31% · other public 9.85%

  5. Re-appointment of Mr. Jigar Mehta as Managing Director of the Company and approval of remuneration
    SpecialPromoters have an interest in it
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.22% · other public 0.97%

    Turnout: all 62.27% · promoters 100.00% · institutions 93.31% · other public 9.85%

  6. Re-appointment of Mr. Dhanpal Jhaveri (DIN: 02018124), as an Independent Director on the Board of the Company for a second term of three years
    Special
    97.57% for2.43% against

    Against: promoters 0.00% · institutions 8.05% · other public 0.97%

    Turnout: all 62.27% · promoters 100.00% · institutions 93.31% · other public 9.85%

  7. Re-appointment of Mr. Jai Diwanji (DIN:00910410), as an Independent Director on the Board of the Company for a second term of three years
    Special
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.97%

    Turnout: all 62.27% · promoters 100.00% · institutions 93.31% · other public 9.85%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 16 Jul 2025, 5 resolutions

23,979 shareholders on the register on 9 Jul 2025; present: 5 promoters and 76 others; votes counted by Prajakta V. Padhye / Nilesh A. Pradhan & Co, LLP.The company's voting result (opens in a new tab)

  1. Adoption of audited Standalone Financial Statements (including Audited Consolidated Financial Statements) for the year ended 31st March, 2025 and the Directors and Auditors Report
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 62.35% · promoters 100.00% · institutions 96.10% · other public 6.23%

  2. Declaration of final dividend
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 62.35% · promoters 100.00% · institutions 96.10% · other public 6.23%

  3. Re-appointment of Mr. Harsha Raghavan (DIN: 01761512) as Director of the Company, liable to retire by rotation
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.04% · other public 1.80%

    Turnout: all 62.35% · promoters 100.00% · institutions 96.10% · other public 6.23%

  4. Re-appointment of Ms. Niranjani Chandramouli, as an Independent Director on the Board of the Company for a second term of three years
    Special
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.80%

    Turnout: all 62.35% · promoters 100.00% · institutions 96.10% · other public 6.23%

  5. Appointment of Secretarial Auditors
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.80%

    Turnout: all 62.35% · promoters 100.00% · institutions 96.10% · other public 6.23%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 23 Jan 2025, 5 resolutions

23,037 shareholders on the register on 20 Dec 2024; votes counted by Prajakta V. Padhye / Nilesh A. Pradhan & Co, LLP.The company's voting result (opens in a new tab)

  1. Approval of the ‘Onward Employee Stock Option Scheme 2024’ (“ESOS 2024”/ ‘Scheme”).
    Special
    96.68% for3.32% against

    Against: promoters 0.00% · institutions 14.07% · other public 0.02%

    Turnout: all 63.41% · promoters 100.00% · institutions 95.01% · other public 22.83%

  2. Approval of grant of employee stock options to the eligible employees of the subsidiary company(ies) and/or its holding company under ‘Onward Employee Stock Option Scheme 2024’ (“ESOS 2024” / “Scheme”).MoreLess
    Special
    92.85% for7.15% against

    Against: promoters 0.00% · institutions 30.31% · other public 0.02%

    Turnout: all 63.41% · promoters 100.00% · institutions 95.01% · other public 22.83%

  3. Approval of grant of employee stock options to the eligible employees of the group company including associate company(ies) of the Company under ‘Onward Employee Stock Option Scheme 2024’ (“ESOS 2024” / “Scheme”)MoreLess
    Special
    92.85% for7.15% against

    Against: promoters 0.00% · institutions 30.31% · other public 0.01%

    Turnout: all 63.41% · promoters 100.00% · institutions 95.01% · other public 22.83%

  4. Approval of secondary acquisition of Shares through Trust route for the implementation of ‘Onward Employee Stock Option Scheme 2024’ (“ESOS 2024”/ ‘Scheme”).
    Special
    96.68% for3.32% against

    Against: promoters 0.00% · institutions 14.07% · other public 0.02%

    Turnout: all 63.41% · promoters 100.00% · institutions 95.01% · other public 22.83%

  5. Provision of money by the Company for purchase of its own Shares by the Trust under the ‘Onward Employee Stock Option Scheme 2024’ (“ESOS 2024”/ ‘Scheme”).
    Special
    96.68% for3.32% against

    Against: promoters 0.00% · institutions 14.07% · other public 0.02%

    Turnout: all 63.41% · promoters 100.00% · institutions 95.01% · other public 22.83%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 19 Jul 2024, 5 resolutions

Present: 4 promoters and 49 others.The company's voting result (opens in a new tab)

  1. Adoption of audited Standalone Financial Statements (including Audited ConsolidatednFinancial Statements) for the year ended 31st March, 2024 and the Directors’nand Auditors’ Report
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 66.82% · promoters 100.00% · institutions 93.35% · other public 38.35%

  2. Declaration of final dividend
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 66.82% · promoters 100.00% · institutions 93.35% · other public 38.35%

  3. Re-appointment of Mr. Harsha Raghavan (DIN: 01761512) as Director of the Company, liable to retire by rotation
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 66.82% · promoters 100.00% · institutions 93.35% · other public 38.35%

  4. Revision in Remuneration of Mr. Harish Mehta as a Whole-Time Director and an Executive Chairman of the company
    Special
    91.80% for8.20% against

    Against: promoters 0.00% · institutions 61.76% · other public 0.88%

    Turnout: all 66.82% · promoters 100.00% · institutions 93.35% · other public 38.35%

  5. Revision in Remuneration of Mr. Jigar Mehta as Managing Director of the company
    Special
    91.80% for8.20% against

    Against: promoters 0.00% · institutions 61.76% · other public 0.88%

    Turnout: all 66.82% · promoters 100.00% · institutions 93.35% · other public 38.35%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 23 Jan 2024, 5 resolutions

23,037 shareholders on the register on 20 Dec 2024; votes counted by Prajakta V. Padhye / Nilesh A. Pradhan & Co, LLP.The company's voting result (opens in a new tab)

  1. Approval of the ‘Onward Employee Stock Option Scheme 2024’ (“ESOS 2024”/ ‘Scheme”).
    Special
    96.68% for3.32% against

    Against: promoters 0.00% · institutions 14.07% · other public 0.02%

    Turnout: all 63.41% · promoters 100.00% · institutions 95.01% · other public 22.83%

  2. Approval of grant of employee stock options to the eligible employees of the subsidiary company(ies) and/or its holding company under ‘Onward Employee Stock Option Scheme 2024’ (“ESOS 2024” / “Scheme”).MoreLess
    Special
    92.85% for7.15% against

    Against: promoters 0.00% · institutions 30.31% · other public 0.02%

    Turnout: all 63.41% · promoters 100.00% · institutions 95.01% · other public 22.83%

  3. Approval of grant of employee stock options to the eligible employees of the group company including associate company(ies) of the Company under ‘Onward Employee Stock Option Scheme 2024’ (“ESOS 2024” / “Scheme”)MoreLess
    Special
    92.85% for7.15% against

    Against: promoters 0.00% · institutions 30.31% · other public 0.01%

    Turnout: all 63.41% · promoters 100.00% · institutions 95.01% · other public 22.83%

  4. Approval of secondary acquisition of Shares through Trust route for the implementation of ‘Onward Employee Stock Option Scheme 2024’ (“ESOS 2024”/ ‘Scheme”).
    Special
    96.68% for3.32% against

    Against: promoters 0.00% · institutions 14.07% · other public 0.02%

    Turnout: all 63.41% · promoters 100.00% · institutions 95.01% · other public 22.83%

  5. Provision of money by the Company for purchase of its own Shares by the Trust under the ‘Onward Employee Stock Option Scheme 2024’ (“ESOS 2024”/ ‘Scheme”).
    Special
    96.68% for3.32% against

    Against: promoters 0.00% · institutions 14.07% · other public 0.02%

    Turnout: all 63.41% · promoters 100.00% · institutions 95.01% · other public 22.83%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 17 Jul 2023, 6 resolutions

Present: 5 promoters and 60 others.The company's voting result (opens in a new tab)

  1. Adoption of audited financial statements (including audited consolidatednfinancial statements) for the year ended 31st March, 2023 and the Directors’nand Auditors’ Report
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 71.21% · promoters 100.00% · institutions 0.00% · other public 47.59%

  2. Declaration of final dividend
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 71.21% · promoters 100.00% · institutions 0.00% · other public 47.58%

  3. Re-appointment of Mr. Harsha Raghavan (DIN: 01761512) as Director of the Company, liable to retire by rotation
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 71.21% · promoters 100.00% · institutions 0.00% · other public 47.58%

  4. Re-appointment of Mr. Jay Sonawala (DIN: 01401445) as an Independent Director on the Board of the Company for a second term of three years.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 71.21% · promoters 100.00% · institutions 0.00% · other public 47.58%

  5. Appointment of Mr. Jai Diwanji (DIN: 00910410), appointed as an Additional Director as on May 12, 2023, as a Non-Executive Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 71.21% · promoters 100.00% · institutions 0.00% · other public 47.58%

  6. Appointment of Mr. Dhanpal Jhaveri (DIN: 02018124). appointed as an Additional Director as on May 12, 2023, as a Non-Executive Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 71.21% · promoters 100.00% · institutions 0.00% · other public 47.58%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 10 Nov 2022, 1 resolution

The company's voting result (opens in a new tab)

  1. Appointment of Ms. Niranjani Chandramouli (DIN:07128770) as an IndependentnDirector of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 72.65% · promoters 100.00% · institutions 0.00% · other public 50.05%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 18 Jul 2022, 6 resolutions

Present: 6 promoters and 59 others.The company's voting result (opens in a new tab)

  1. The Audited Consolidated and Standalone Financial Statements of the Company for the financial year ended March 31, 2022 together with the reports of Board of Directors and the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  2. To declare final dividend on Equity Shares for the financial year ended March 31, 2022.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  3. To appoint a Director in place of Mrs. Prachi Mehta (DIN: 06811085), who retires by rotation and being eligible, offers herself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  4. To consider the appointment of M/s. BSR & Co. LLP, Chartered Accountants as the Statutory Auditors of the Company and if thought fit, to pass the following resolution, with or without modification(s), as an Ordinary Resolution.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  5. To consider the appointment of Mr. Harsha Raghavan ( DIN 01761512), appointed as an Additional Director as on June 30, 2021, as a Non-Executive Director of the Company as an Ordinary Resolution.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  6. To consider Mr. S. K. Mitra (DIN:00029961) as a Non-Executive Independent Director of the Company, as he attains the age of 75 (Seventy Five) years during the tenure and if thought fit, to pass with or without modification, if any, the following resolution as a Special Resolution.MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 16 Jul 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)

  • Adoption of audited Standalone Financial Statements (including Audited Consolidated Financial Statements) for the year ended 31st March, 2026 and the Directors and Auditors Report
    1 for0 against
  • Declaration of final dividend
    1 for0 against
  • Re-appointment of Mr. Harsha Raghavan (DIN: 01761512) as Director of the Company, liable to retire by rotation
    1 for0 against
  • Re-appointment of Mr. Harish Mehta as a Whole time Director designated as Executive Chairman of the Company and approval of remuneration
    1 for0 against
  • Re-appointment of Mr. Jigar Mehta as Managing Director of the Company and approval of remuneration
    1 for0 against
  • Re-appointment of Mr. Dhanpal Jhaveri (DIN: 02018124), as an Independent Director on the Board of the Company for a second term of three years
    Against ICICI Prudential Mutual Fund
    • ICICI Prudential Mutual FundMr. Dhanpal Jhaveri has low attendance in Board meetings, Audit Committee meetings and General meetings. Thus, the AMC has voted against the resolution.
    0 for1 against
  • Re-appointment of Mr. Jai Diwanji (DIN:00910410), as an Independent Director on the Board of the Company for a second term of three years
    1 for0 against

Mutual fund votes, meeting of 16 Jul 2025, 2 fund houses

  • Adoption of audited Standalone Financial Statements (including Audited Consolidated Financial Statements) for the year ended 31st March, 2025 and the Directors and Auditors Report
    2 for0 against
  • Declaration of final dividend
    2 for0 against
  • Re-appointment of Mr. Harsha Raghavan (DIN: 01761512) as Director of the Company, liable to retire by rotation
    2 for0 against
  • Re-appointment of Ms. Niranjani Chandramouli, as an Independent Director on the Board of the Company for a second term of three years
    2 for0 against
  • Appointment of Secretarial Auditors
    2 for0 against
2 earlier meetings

Mutual fund votes, meeting of 23 Jan 2025, 2 fund houses

  • Approval of the ‘Onward Employee Stock Option Scheme 2024’ (“ESOS 2024”/ ‘Scheme”).
    Against WhiteOak Capital Mutual Fund
    • WhiteOak Capital Mutual FundAs per ESOS 2024, the company proposes to issue 1.1 mn stock options. The exercise price per option shall be determined by the nomination and remuneration committee (NRC) at the time of grant subject to a maximum discount of up to 30% to the market price of shares as on the date of grant. ESOPs are ‘pay at risk’ options that employees accept at the time of grant, which is protected if the ESOPs are issued at significant discount to the market price. Such practices do not align the interests of investors and employees. The company has neither provided clarity regarding the vesting criteria nor the performance metrics on the basis of which the options will vest. Given the lack of clarity and discount in exercise price, we do not support the resolution.
    1 for1 against
  • Approval of grant of employee stock options to the eligible employees of the subsidiary company(ies) and/or its holding company under ‘Onward Employee Stock Option Scheme 2024’ (“ESOS 2024” / “Scheme”).MoreLess
    Against WhiteOak Capital Mutual Fund
    • WhiteOak Capital Mutual FundThrough a separate resolution, the company proposes to extend the ESOS 2024 scheme to the eligible employees of the subsidiary companies and/or its holding company. Our view on this resolution is linked to resolution #1. We do not support the resolution.
    1 for1 against
  • Approval of grant of employee stock options to the eligible employees of the group company including associate company(ies) of the Company under ‘Onward Employee Stock Option Scheme 2024’ (“ESOS 2024” / “Scheme”)MoreLess
    Against WhiteOak Capital Mutual Fund
    • WhiteOak Capital Mutual FundThrough a separate resolution, the company proposes to extend the ESOP 2024 scheme to the eligible employees of the group company including associate companies. We do not support the grant of ESOPs to be extended to employees of group companies, associates or listed holding companies. Further, our view on this resolution is linked to resolution #1. We do not support the resolution.
    1 for1 against
  • Approval of secondary acquisition of Shares through Trust route for the implementation of ‘Onward Employee Stock Option Scheme 2024’ (“ESOS 2024”/ ‘Scheme”).
    Against WhiteOak Capital Mutual Fund
    • WhiteOak Capital Mutual FundThe company proposes to authorize the board to acquire upto 1,125,000 equity shares by way of secondary acquisition through an employee welfare trust, ‘Onward Technologies Employee Welfare Trust’ (Trust), being set-up by the company, for the purpose of implementation of ESOS 2024. Our view on this resolution is linked to resolution #1. We do not support the resolution.
    1 for1 against
  • Provision of money by the Company for purchase of its own Shares by the Trust under the ‘Onward Employee Stock Option Scheme 2024’ (“ESOS 2024”/ ‘Scheme”).
    Against WhiteOak Capital Mutual Fund
    • WhiteOak Capital Mutual FundThe company proposes to authorize the board to grant a loan and provide guarantee or security to the Trust, upto 5% of the aggregate of the paid-up share capital and free reserves of the company, with a view to enable the Trust to subscribe and/or acquire equity shares of the company for ESOS 2024. The loan provided by the company shall be interest free with tenure of such loan based on the term of the scheme and shall be repayable to the company upon realization of proceeds on sale/ transfer of shares. Our view on this resolution is linked to resolution #1. We do not support the resolution.
    1 for1 against

Mutual fund votes, meeting of 19 Jul 2024, 2 fund houses

  • Adoption of audited Standalone Financial Statements (including Audited ConsolidatednFinancial Statements) for the year ended 31st March, 2024 and the Directors’nand Auditors’ Report
    2 for0 against
  • Declaration of final dividend
    2 for0 against
  • Re-appointment of Mr. Harsha Raghavan (DIN: 01761512) as Director of the Company, liable to retire by rotation
    2 for0 against
  • Revision in Remuneration of Mr. Harish Mehta as a Whole-Time Director and an Executive Chairman of the company
    Against ICICI Prudential Mutual Fund
    • ICICI Prudential Mutual FundThere is no absolute cap on the remuneration: therefore, as profitability increases, remuneration may be much higher over his tenure. There is no clarity on the performance metrics that will be used to determine variable pay. Hence, the AMC has voted against the resolution.
    1 for1 against
  • Revision in Remuneration of Mr. Jigar Mehta as Managing Director of the company
    Against ICICI Prudential Mutual Fund
    • ICICI Prudential Mutual FundThere is no absolute cap on the remuneration: therefore, as profitability increases, remuneration may be much higher over his tenure. There is no clarity on the performance metrics that will be used to determine variable pay. Hence, the AMC has voted against the resolution.
    1 for1 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Tax disputeex-employeeSince 13 Aug 2025
    There is no material update in the matter since the last disclosure. The Company continues to contest the matter on merits, and the disclosure as a contingent liability remains unchanged.
    At the filing before: The Company has filed a motion to dismiss the complaint. The matter continues to be contested on merits. Based on management's assessment, legal precedents and independent legal advice, an adverse outcome is not considered probable. Accordingly, no provision has been recognized, and the matter continues to be disclosed as a contingent liabilityMoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.