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Onward Technologies Ltd. Capital/Financing Update 2020

Mar 13, 2020

60726_rns_2020-03-13_c3720c40-c60f-4381-ad1d-89cb48f19232.pdf

Capital/Financing Update

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Onward Technologies releases mortgaged properties

We are pleased to inform that the immovable property mortgaged against the credit facility availed from bank has been released back to the company today on 13th March 2020. This property is located at eSpace IT Park in Viman Nagar, Pune, Maharashtra.

The existing banking credit facility is with our new banking partner HSBC in Mumbai.

Regards,

For, Onward Technologies Limited

Devanand Ramandasani Chief Financial Officer

2nd floor. Sterling Centre, Dr. A.B. Road, Worli, Mumbai - 400018; Tel. +91 22 2492 6570 Fax: +91 22 2492 6549; CIN: L28920MH1991PLC062542; Website: www.onwardgroup.com

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