Onward Technologies Approves Audited FY26 Results, Recommends ₹8 Dividend, Reappoints Directors
Onward Technologies Limited's Board approved audited standalone and consolidated financial results for FY26. A final dividend of ₹8 per share is recommended, pending shareholder approval. Key re-appointments include Mr. Harish Mehta as Executive Chairman and Mr. Jigar Mehta as Managing Director for five years each, effective May 14, 2026. Mr. Dhanpal Jhaveri and Mr. Jai Diwanji were re-appointed as Independent Directors for three years, effective May 12, 2026.
The approval of financial results and dividend recommendation are material events. The re-appointment of directors provides management stability, impacting the company's strategic direction.
The company approved audited financial results and recommended a dividend, which are positive indicators. The re-appointment of key directors also signals stability.
Onward Technologies Limited announced the outcome of its Board Meeting held on May 5, 2026. The Board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, with an unmodified opinion from statutory auditors M/s BSR & Co. LLP.
The Board recommended a final dividend of ₹8 per equity share of face value ₹10 for the financial year ended March 31, 2026. This recommendation is subject to shareholder approval at the upcoming 35th Annual General Meeting (AGM).
Furthermore, the Board approved the re-appointment of key management personnel. Mr. Harish Mehta was re-appointed as Whole-time Director, designated as Executive Chairman, for a further period of five years effective May 14, 2026. Mr. Jigar Mehta was re-appointed as Managing Director for a further period of five years, also effective May 14, 2026. Both re-appointments are subject to shareholder approval at the AGM. Additionally, Mr. Dhanpal Jhaveri and Mr. Jai Diwanji were re-appointed as Non-Executive Independent Directors for a further period of three years, effective May 12, 2026, also subject to shareholder approval at the AGM.
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Onward Technologies Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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