Onward Technologies Approves Audited Results, Recommends 8% Dividend, Re-appoints Directors
Onward Technologies approved audited financial results for FY26. The company recommended a final dividend of ₹8 per share. Key re-appointments include Mr. Harish Mehta as Executive Chairman and Mr. Jigar Mehta as Managing Director, both for five-year terms starting May 14, 2026. Independent Directors Mr. Dhanpal Jhaveri and Mr. Jai Diwanji were re-appointed for three-year terms.
The approval of financial results and dividend recommendation are significant for shareholders. The re-appointment of key directors provides continuity, impacting medium-term strategic direction.
The announcement includes positive news such as the approval of audited financial results, recommendation of a dividend, and re-appointment of key directors, indicating stability and continued leadership.
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. The Statutory Auditors, M/s BSR & Co. LLP, expressed an unmodified opinion on these results.
The Board recommended a Final Dividend of ₹8 per equity share (face value of ₹10 each) for the financial year ended March 31, 2026, subject to shareholder approval at the upcoming Annual General Meeting (AGM).
Furthermore, the Board approved the re-appointment of key managerial personnel, subject to shareholder approval at the AGM. Mr. Harish Mehta was re-appointed as Whole-time Director, designated as Executive Chairman, for a five-year term effective May 14, 2026. Mr. Jigar Mehta was re-appointed as Managing Director for a five-year term effective May 14, 2026. Additionally, Mr. Dhanpal Jhaveri and Mr. Jai Diwanji were re-appointed as Non-Executive Independent Directors for three-year terms, effective May 12, 2026.
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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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