Onward Technologies Ltd. — Major Shareholding Notification 2020

Apr 30, 2020

BSE Limited Corporate Relations Department P J Towers, Dalal Street Mumbai 400 001

National Stock Exchange of India Ltd., Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051.

Ref: Scrip Code - BSE: 517536 NSE: ONWARDTEC

Dear Sir,

Subject: Disclosure under Regulation 30(1) and 30(2) of SEBI (Substantial Acquisition of shares & Takeovers) Regulation 2011.

Please find herewith enclosed, the disclosure pursuant to Regulation 30(1) and 30(2) of SEBI (Substantial Acquisition of shares & Takeovers) Regulation 2011 as on 31st March, 2020.

Kindly acknowledge receipt of the same.

For and on behalf of the Promoter and Promoter group of Onward Technologies Limited

Sd/- Harish Mehta

Encl: As above

CC: Onward Technologies Limited Sterling Centre, 2nd Floor, Dr. Annie Besant Road, Worli, Mumbai - 400018

Disclosures under Regulation 30(1) and 30(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Part – A – Details of Shareholding

1. Name of the Target Company (TC)	Onward Technologies limited
2. Name(s) of the stock exchange(s)where the shares of the TC are listed	Bombay Stock Exchange limited (BSE)National Stock Exchange of India Limited (NSE)
3. Particulars of the shareholder(s):				No. of Shares	Percentage(%)
a. Name of person(s) together withA.PROMOTER
Persons Acting in Concert (PAC)whose total holding (including that	Onward NetworkTechnologies Pvt. Ltd.			83,43,98352.01
in the form of shares, warrants,	Total A			83,43,983	52.01
convertible securities and any other	B.PROMOTER GROUP
instrument that would entitle theholder to receive shares in the TC) ismore than 25% of the voting rights	Desai Finwealth Investmentsand Securities Pvt. Ltd.		5,08,583		3.17
of the TC.	Harish Shantilal Mehta			2,16,528	1.35
Or	Jigar Harish Mehta			5,76,299	3.59
	Heral Harish Mehta*			1,87,186	1.17
b. Name(s) of promoter(s), member	Prachi Mehta			1,46,502	0.91
of the promoter group and PAC withhim.	Total B		16,35,098		10.19
	Total (A+B)			9,762,553	62.20
4. Particulars of the shareholding of	Name of shares	% w.r.t. total		% of total diluted
person(s) mentioned at (3)		share/ voting		share/voting capital of
above		capitalwherever		TC(*)
		applicable
As of March 31st of the year, holdingof:
a)Shares	-		-		-
b)Voting Rights (otherwise	-	-		-
than by shares)	-	-		-
c)Warrants,	-	-		-
d)Convertible Securities	-	-		-
e)Any other instrument thatwould entitle the holder toreceive shares in the TC.
Total

(*) Diluted share/voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC.

(*) Ms. Heral Mehta has acquired 45911 shares from 23/03/2020 to 31/03/2020 and the same is not reflecting in Benpos as on 31.03.2020 received from RTA. Hence, we have not included such number of shares in the disclosure.