Onward Technologies to Invest up to ₹13.1 Crore in Subsidiary OT Park
Onward Technologies Limited will invest up to ₹13.10 crore in its wholly-owned subsidiary, OT Park Private Limited, by subscribing to 1,05,000 1% Optionally Convertible Redeemable Preference Shares. The funds will support OT Park's infrastructure and workplace facilities for Onward Technologies and general corporate purposes. The investment was approved by the Board on September 28, 2026.
The investment of ₹13.10 crore is a significant amount for the company and is aimed at improving operational infrastructure, which can have a medium-term impact on its business performance.
The investment in a wholly-owned subsidiary to strengthen infrastructure and facilities is a positive development for the company's operational capabilities and future growth.
Onward Technologies Limited announced that its Board of Directors, in a meeting held on September 28, 2026, approved an investment of up to ₹13,10,40,000 (Rupees Thirteen Crores Ten Lakhs Forty Thousand Only) in its wholly-owned subsidiary, OT Park Private Limited. This investment will be made through the subscription of up to 1,05,000 1% Optionally Convertible Redeemable Preference Shares (OCRPS) of OT Park, pursuant to a Rights Issue. The proceeds from this Rights Issue are intended to fund OT Park's business requirements, including the strengthening of long-term operating infrastructure and workplace facilities for Onward Technologies, as well as for other general corporate purposes.
OT Park Private Limited is engaged in the ownership, management, and leasing of infrastructure and workplace facilities. Its authorized share capital includes equity shares, 1% Optionally Convertible Redeemable Preference Shares, and 7.5% Redeemable Cumulative Preference Shares. The company's paid-up share capital stands at ₹25,37,500, and its audited turnover is ₹237.98 Lakhs. This investment is considered a related party transaction as OT Park is a wholly-owned subsidiary. The acquisition, which is a cash consideration, is expected to be completed upon fulfillment of applicable corporate and statutory formalities. Onward Technologies will maintain its control over OT Park post-investment.
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Onward Technologies Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. 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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