Onward Technologies Ltd. - AGM Information 2025

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Ref No.: OTL/Secretarial/SE/2025-26/23

Date: June 24,2025

To,

Bombay Stock Exchange Limited National Stock Exchange of India Ltd., Phiroz Jeejeebhoy Towers, Plot No. C/1 'G' Block Dalal Street, Mumbai – 400023 Bandra – Kurla Complex Bandra East, Mumbai 400051

Ref : Scrip Code - BSE: 517536  NSE: ONWARDTEC

Subject: Newspaper Advertisement- Notice of 34[th] Annual General Meeting (AGM) and E-voting Information of Onward Technologies Limited.

Dear Sir/Madam,

Pursuant to 47(1)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we hereby enclose copies of the newspaper advertisement regarding the Notice of 34[th] Annual General Meeting (AGM) and E-voting Information of Onward Technologies Limited. The advertisements are published in Free Press Journal (in English) and Navshakti (in Marathi) on June 24, 2025.

This will also be hosted on the Company’s website, at www.onwardgroup.com

This is for your information and records.

For Onward Technologies Limited

VINAV Digitally signed by VINAV AGARWAL AGARWAL Date: 2025.06.24 11:46:18 +05'30'

Vinav Agarwal Company Secretary & Compliance Officer Membership No :- A40751

Regd. address.: 2nd floor, Sterling Centre, Dr. A.B. Road, Worli, Mumbai 400018. Tel: +91 22 24926570 CIN: L28920MH1991PLC062542 | email: [email protected] | website : www.onwardgroup.com

www.freepressjournal.in

THE FREE PRESS JOURNAL

Mumbai, Tuesday, June 24, 2025

PALGHAR BRANCH :- Dandekar Building, Mahim Road, Palghar Branch, Station Road, Palghar(West), Dist: Palghar - 401404 Phone: (02525)253763/252142 Web: www.bankofbaroda.com NOTICE TO BORROWER

(Under Sub-Section (2) Of Section 13 Of The Sarfaesi Act, 2002)

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BRANCH OFFICE – MUMBRA NOTICE U/S 13(2) OF THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 To, MR. PAVAN BRIJWASI SINGH MR. PAVAN BRIJWASI SINGH Jai Jagdish Welfare Society, Flat No. 307, 3rd Floor, Bld.No. C, Tanda-Pada Road, Near Swami Kanhaiya Medows, Khanpada, Nr. Vivekanand School, Santosh Ganesh Kund, Palghar-(W) Bhuvan, Nallasopara East401404 401209

You are aware that we have, granted Housing Loan facility at our MUMBRA Branch for an aggregate amount of Rs. 2130000.00 to Mr. PAVAN BRIJWASI SINGH (Principal Debtor), and the details of said loan facility is as under.

Facility Scheme Loan Ace Amount of loan Sanctioned Name No. Sanctioned Home Loan Cent Home 5668322401 21,30,000/Loan

We inform you that out of total amount of Rs. 2195510.00, due to us as on 22/05/2025 (date of this notice) the principal debtor has/have merely paid Rs. Nil, and hence they have defaulted in repayment of an amount of Rs. 2195510.00 (which represents the principal plus interest due on the date of this notice) 3. As the principal debtor has/have defaulted in repayment of his/their full liabilities, we have classifled his/their dues as nonperforming Asset on 21.05.2025 in accordance with the guidelines of the Bank/-directions or guidelines issued by the Reserve Bank of India. 4. We also inform you that in spite of bur repeated demand notices & oral requests for repayment of the entire amount due to us they/you have not so far paid the same. 5. You are aware that the various limits granted by us are secured by the following assets/security agreements (Secured assets) Flat No. 307, 3rd Floor, C Wing, Kanhaiya Medows, Survey No. 13, Hissa No. 6, Village- Palghar (E) , Distt- Palghar - 401404. Built up Area : 72.06 Sq. Mtr.
For the reasons stated above, we hereby call upon you to discharge in full your liabilites to us within a period of 60 days from the date of receipt of this notice, failing which we will be exerciaing the powers under section 13(4) of the Securitizations and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002 (Act), against the secured assets mentioned above. The powers available to us under section 13(4) of the Act, interalia, includes powers to (i) to take possession of the secured assets of the borrower including the right to transfer by way of lease, assignment or sale for realizing the secured asset, (ii) take over the management of the secured assets including the right to transfer by way of lease, assignment or sale and realize the secured asset and to apoint any person as Manager to manage the secured assets the possession of which has been taken over by us (secured creditor) and any transfer of secured asset by us shall vest in the transferee all rights in, or in relation to, the secured asset transferred as if the transfer had been made by you. (iv) require at any time by notice in writing, any person who has acquired any of the secured assets from you and from whom any money is due or may become due to you, to pay to us (Secured Creditor), so much of the money as sufficient to pay the secured debt.
The amount realized from the exercising of the powers mentioned above, will first be applied in payment of all costs, charges and expenses which in the opinion of us have been properly incurred by us or any expenses incidental thereto, and secondly applied in discharge of the dues of us as mentioned above with contractual interest from the date of this notice till the date of actual realization, and the residue of the money, if any, shall be paid to the person entitled thereto in accordance with his right and interest, if no person is entitled to receive such amount, shall be paid to you. 8. Please take note that after receipt of this notice, you shall not transfer by way of sale, lease or otherwise any of the secured assets referred to in this notice, without prior consent of the secured creditor. We draw your attention to section 29 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, which awards imprisonment upto one year, or with fine, or with both, if you contravene the provisions of the Act. 9. We also inform you that, notwithstanding our action of proceeding under SARFAESI Act, 2002 we reserve our right either i) to simultaneously file, proceed & pursue suits/Applications/cases against you & or guarantors, before DRT/Court, as the case may be, to realize the dues from you or guarantor/s, & or ii) to proceed against you & or guarantor/s before Debt Recovery Tribunal/Court for recovery of the balance amount due to our bank, if the entire outstanding amount together with contractual rate of interest, are not fully satisfied with the sale proceeds of the secured assets. (iii) to Proceed against you and or guarantor/s for initiating Criminal action for the acts, or omission committed by you under the provisions of Law. 10. Your attention is invited to the provisions of sub sec (8) of sec (13) of the act in respect of time available to you to redeem the secured assets.

To, Date : 30.04.2025

• By Hand delivery • By Registered post with AD • By Courier M/s. Global Cans. (Partnership 昀rm through partners), Plot No. 7, Ground Floor, Gala No D & E, Suncity Industrial Park, Poonam Industry, Umroli, Padghe, Palghar 401404. Mr. Manish Ganesh Thakur (Partner), Flat no 101, 1st Floor, Building No 3/A/1, Ashirwad CHSL, Mhada Colony, Vinoba Bhave Nagar, Masrani Lane, Kurla West, Mumbai 400 070

Mr. Jignesh Vikas Patil. (Partner), H.No.541, New Chinchpada, Boisar-Tarapur Road, Opp CISF Colony, Kudan, Palghar, Maharashtra 401502 SUB: Notice under Section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, hereinafter called “Act”. Account of M/s. Global Cans.

Sir/Madam,

Re: Credit facilities with our Mahim Road Palghar Branch,

We refer to our letter No. DBPALG/ADV/2021-22/173/2021-22 dated 10.03.2022 conveying sanction of various credit facilities and the terms of sanction. Pursuant to the above sanction you have availed and started utilizing the credit facilities after providing security for the same, hereinafter stated. The present outstanding in various loan/credit facility accounts and the security interests created for such liability are as under:

Nature and type of Limit Rate of O/s as on 29.04.2025 (inc. of interest up facility (in Rupees) Interto 29.04.2025) plus Future interest w.e.f. est 30.04.2025 costs, charges and expenses Cash Credit Rs. 9.6% Rs. 81,45,995.88/(Hypothec ation) 80,00,000/-

Security agreement with brief description of securities: • Hypothecatio n Of Secured stocks and book debts in the name of M/s Global Cans • Equitable Mortgage OF Flat No. 101, 1st Floor, Building No 3A, A Wing, Ashirwad CHSL, New MHADA Colony, Masrani Lane, Vinoba Bhave Nagar, Kurla West, Mumbai 400070 . standing in the name of Mr Manish Ganesh Thakur

In the letter of acknowledgement of debt dated 15/02/2025 you have acknowledged your liability to the Bank to the tune of Rs. 79,47,732.48/- lakhs as on 14/02/2025. The outstanding’s as stated above, include further drawings and interest upto 29/04/2025and Other charges debited to the account. As you are aware, you have committed defaults in payment of interest on above loans/outstanding for the Quarter ended SEPT 2024 and DEC 2024..
Consequent upon the defaults committed by you, your loan account has been classi昀ed as non-performing asset on 28.11.2024 in accordance with the Reserve Bank of India directives and guidelines. In spite of our repeated requests and demands you have not repaid the overdue loans including interest thereon. 4. Having regard to your inability to meet your liabilities in respect of the credit facilities duly secured by various securities mentioned in para 1 above, and classi昀cation of your account as a non- performing asset, we hereby give you notice under sub-section (2) of section 13 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, and call upon you to pay in full and discharge your liabilities to the Bank aggregating Rs.81,45,995.88/-- (Rupees Eighty One Lakh Forty

Five thousand nine hundred and ninety 昀ve and eighty eight paise) As On Dated 29-04.2025, as stated in para 1 above, within 60 days from the date of this notice. We further give you notice that failing payment of the above amount with interest till the date of payment, we shall be free to exercise all or any of the rights under sub-section (4) of section 13 of the said Act, which please note.A3 A 5. Please note that, interest will continue to accrue at the rates speci昀ed in para 1 above for each credit facility until payment in full.

We invite your attention to sub-section 13 section 13 of the said Act in terms of which you are barred from transferring any of the secured assets referred to in para 1 above by way of sale, lease or otherwise (other than in the ordinary course of business), without obtaining our prior written consent. We may add that non- compliance with the above provision contained in section 13(13) of the said Act, is an offence punishable under section 29 of the Act.
e further invite your attention to sub section (8) of section 13 of the said Act in terms of which you may redeem the secured assets, if the amount of dues together with all costs, charges and expenses incurred by the Bank is tendered by you, at any time before the date of publication of notice for public auction/inviting quotations/tender /private treaty. Please note that after publication of the notice as above, your right to redeem the secured assets will not be available.
Please note that this demand notice is without prejudice to and shall not be construed as waiver of any other rights or remedies which we may have, including without limitation, the right to make further demands in respect of sums owing to us.

Yours faithfully, Chief Manager / Authorised Of昀cer Bank of Baroda

POSSESSION NOTICE

Whereas, the authorized officer of Jana Small Finance Bank Limited under the Securitization And Reconstruction of Financial Assets And Enforcement Of Security Interest Act, 2002 and in exercise of powers conferred under section 13 (12) read with rule 3 of the Security Interest (Enforcement) Rules 2002 issued demand notices to the borrower(s)/ Co-borrowers(s) calling upon the borrowers to repay the amount mentioned against the respective names together with interest thereon at the applicable rates as mentioned in the said notices within 60 days from the date of receipt of the said notices, along with future interest as applicable incidental expenses, costs, charges etc. incurred till the date of payment and/or realisation. Sr. Borrower/ 13(2) Notice Date/ Date/ Time No. Loan No. Co-Borrower/ Outstanding Due & Type of Guarantor/ Mortgagor (in Rs.) as on Possession 1 16.04.2025 Date: 1) Vishal Shantaram Rs.38,87,349.96 (Rupees 21-06-2025 Garade (Borrower), Thirty Eight Lakhs Time: 45709610000467 Eighty Seven Thousand 2) Shivanjali Malhari 11:15 AM Three Hundred Forty Bhor (Co-Borrower) Nine and Ninety Six Paisa Symbolic Only) as of 14.04.2025 Possession Description of the Property: All that piece and parcel of the Property bearing Village Somatne, Tal. Maval, Dist. Pune, Gat Nos.169, 170, 252/1, 252/2, 320, 321, 322 & 323/1 on Sanctioned Layout Plot No.G having Area 30249.62 Sq.mtr., Constructed on "Daffodils Avenue A-Building Co-Op Housing Society Ltd", Flat No.A-1101, 11th Floor, Wing-A having Carpet Area 704 Sq.ft., i.e. 65.40 Sq.mtr., terrace area 53 Sq.ft., i.e. 4.92 Sq.mtr. & Car Parking No.A-01 having area 100 Sq.ft., i.e. 9.29 Sq.mtr. having Grampanchayat Milkat No.1767/78. On or towards: Towards East by: 15 Meter wide Shirgaon Road and thereafter by Plot No.H of the Layout, Towards West by: 15 Meter wide Somatane Road, Towards South by: Plot No.D of the Layout, Towards North by: 15 Meter wide Shirgaon Road and beyond that by Adjoining Gat No.181 & 182.

Whereas the Borrower's/ Co-Borrower's/ Guarantor's/ Mortgagors, mentioned herein above have failed to repay the amounts due, notice is hereby given to the Borrower's mentioned herein above in particular and to the Public in general that the authorised officer of Jana Small Finance Bank Limited has taken symbolic possession of the properties/ secured assets described herein above in exercise of powers conferred on him under Section 13(4) of the said act read with Rule 8 of the said rules on the dates mentioned above. The Borrower's/ Co-Borrower's/ Guarantor's/ Mortgagors mentioned herein above in particular and the Public in general are hereby cautioned not to deal with the aforesaid properties/ Secured Assets and any dealings with the said properties/ Secured assets will be subject to the charge of Jana Small Finance Bank Limited. Place: Pune/ Maharashtra Sd/- Authorised Officer[,] Date: 24.06.2025 For Jana Small Finance Bank Limited JANA SMALL FINANCE BANK (A Scheduled Commercial Bank) Registered Office: The Fairway, Ground & First Floor, Survey No.10/1, 11/2 & 12/2B, Off Domlur, Koramangla Inner Ring Road, Next to EGL Business Park, Challaghatta, Bangalore-560071. Branch Office: Office No.704/705, Modi Plaza, Opp. Laxminarayan Theatre, Mukund Nagar, Satara Road, Pune-411037.

STRESSED ASSET MANAGEMENT DIVISION (SAMD), HEAD OFFICE PLOT NO.4, SECTOR-10, DWARKA, Together for the better NEW DELHI-110075 Email: [email protected] SHOW CAUSE NOTICE

Date: 22.05.2025

To,

M/s Cubatics Garments Pvt. Ltd. (Borrower) 1006 B Wing, Express Zone Western Express Highway Near Patel Uanika Malad (E) Mumbai400063 Also At: Gala No. 109/110 Buildiong No. A/5 Omkar Developers Bhagwan Seth Estate Near Kopar Bus Stop Purna Village Bhiwandi Distt.: Thane Maharashtra-421302

Sh. Rakesh Sarawgi (Director/Guarantor) B-3201 DB Woods, Krishna Vatika Marg Gokuldham, Opposite Laxchandi Heights Goregaon East Mumbai-400063

Mrs. Manisha Sarawgi (Director/Guarantor) M/s Cubatics Industries Pvt. Ltd. B-3201 DB Woods, Krishna Vatika Marg (Corporate Guarantor) Gokuldham, Opposite Laxchandi Heights B-3201 DB Woods, Krishna Vatika Marg Goregaon East Mumbai-400063 Gokuldham, Opposite Laxchandi Heights Goregaon East Mumbai 400063

Dear Sir(s)/Madan((s) Reg : Show Cause for Identification of Wilful Default in the loan account of M/s Cubatics Garments Pvt. Ltd with the Bank

Bank has observed events of willful default in your account. Hence, Borrower and its related parties are eligible for the process of willful defaulter. It is also observed that all the events of Wilful Default are intentional, deliberate, calculated and meeting the conditions set out in RBI Master Directions RBI/DoR/2024-25/122 DoR.FIN.REC.No. 31/20.16.003/2024-25, 30July 2024. The facts of the matter were placed before the Committee for Identification of Wilful Defaulters (i.e. ‘Identification Committee-ll’) constituted in consonance with the RBI guidelines. The Committee, in its meeting held on 21.05.2025, after going through facts of the matter & evidence on record, has concluded that event(s) of default has/have occurred in the account which is/are wilful and substantial to classify you as ‘Wilful Defaulter’, inter alia for the following reasons: Capacity to Pay:

The directors & guarantors defaulted in payment / repayment obligation to the Bank even though they have capacity to pay. As per net worth certificates dated 19.01.2024 , Net Means of the directors/guarantors are as under: -

(Amt. in Cr.) Name Net Means M/s Cubatics Industries Pvt. Ltd. 46.12 Sh. Rakesh Sarawgi 3.71 Mrs. Manisha Sarawgi 19.44

As per ABS as on 31.03.2023 of Corporate Guarantor having equity ?46.12 crore Siphoning of Funds: As per stock statement as on 31.10.2024 stocks were ?6.84 Crore and book debts were ?7.02 Crore , however as per visit report dated 17.03.2025 there was no stocks available at the business premises. It was gathered that the unit has been shgifted to some other place . On contacting borrower informed that they have shut down the business .Borrower credited ?0.95 Crore only in to the CC account. This suggests that the borrower disposed of the stock without depositing the sale proceeds into the account, thereby siphoning off the bank’s funds. The Identification Committee-ll decided to issue Show Cause Notice to the borrower/related parties for reason appended below:

S.No. Name Designation/Status Charge Levelled 1 M/s Cubatics Garments Pvt. Ltd. Borrower Siphoning of Funds 2 Sh. Rakesh Sarawgi Director/Guarantor Capacity to Pay & 3 Mrs. Manisha Sarawgi Director/Guarantor Siphoning of Funds 4 M/s Cubatics Industries Pvt. Ltd. Guarantor Capacity to Pay In case you feel aggrieved by the aforesaid conclusion of the Identification Committee, you may make a submission/representation, along with documentary evidence, if any, to the committee for consideration and show cause as to why you should not be identified as a ‘Wilful Defaulter’. Your submission/representation must reach us within 21 days of issuance of this notice and be sent either to General Manager, SAMD, HO, 3rd Floor, East Wing, Punjab National Bank, Head Office, Sector 10, Dwarka, New Delhi-110075 or through ARMB Mumbai City. lf we do not receive any submission/representation of yours, it would be deemed that you have nothing to say in your defense against the conclusion of this Committee. Please take note that pursuant to submission/ non-submission of your submission/representation, the committee shall proceed to pass an order with regard to identification of the Wilful Defaulters as per the RBl guidelines. Identification Committee constituted in consonance with the RBI directives comprises of the following members: i. Chief General Manager, SAMD, HO (Head of Committee) iii General Manager, CRMD HO iii. General Manager, TMD HO & iv. Assistant General Manager, Law Division HO (invitee) The Identification Committee-Il has authorized the undersigned to send this Show Cause Notice under her signature. Sd/(Neeru Saldi) Assistant General Manager-Law

For CENTRAL BANK OF INDIA Sd/Date : 22.05.2025 AUTHORISED OFFICER

मुंबई , मंगळवार , दि . २४ जून २०२५

marathi.freepressjournal.in

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Subject: Newspaper Advertisement- Notice of 34[th] Annual General Meeting (AGM) and E-voting Information of Onward Technologies Limited.

For Onward Technologies Limited

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Onward Technologies Ltd. — AGM Information 2025

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Ref No.: OTL/Secretarial/SE/2025-26/23

Date: June 24,2025

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Subject: Newspaper Advertisement- Notice of 34[th] Annual General Meeting (AGM) and E-voting Information of Onward Technologies Limited.

For Onward Technologies Limited

(Under Sub-Section (2) Of Section 13 Of The Sarfaesi Act, 2002)

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