Onward Technologies Ltd. — Major Shareholding Notification 2020

Mar 24, 2020

ONWARD TECHNOLOGIES LIMITED

Regd. Office: 2[nd] floor, Sterling Centre, Dr. Annie Besant Road, Worli, Mumbai (M.H.) 400018 CIN: L28920MH1991PLC062542

To, Date: 24[th] March, 2020

BSE Limited National Stock Exchange of India Ltd., Corporate Relations Department Exchange Plaza, 5th Floor, P J Towers, Dalal Street Plot No. C/1, G Block, Mumbai 400 001 Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051.

Ref : Scrip Code - BSE: 517536 NSE: ONWARDTEC

Subject: Disclosure under Regulation 29 (2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Dear Sir,

Please find enclosed herewith disclosure pursuant to Regulation 29 (2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Kindly take the same on your record and acknowledge receipt of the same.

For Onward Technologies Limited

Dimple Chauhan Company Secretary

Encl: As above

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

Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

1. Name of the Target Company (TC)	1. Name of the Target Company (TC)	1. Name of the Target Company (TC)	Onward Technologies Limited	Onward Technologies Limited	Onward Technologies Limited
2. Name(s) of the acquirer/		~~seller~~and	Heral Mehta
Persons Acting in Concert (PAC) with
the acquirer
3. Whether the acquirer belongs to			Yes
Promoter/Promoter group
4. Name(s) of the Stock Exchange(s)			BSE Limited &
where the shares of TC are Listed			National Stock Exchange of		India Limited
5. Details of the acquisition /			Number	% w.r.t. total	% w.r.t. total
disposal/holding of shares/voting				share/voting	diluted
rights/holding of the Acquirer and				capital	share/voting
PAC				wherever	capital of the
				applicable	TC(*)
Before the acquisition/	~~disposal~~under
consideration, holding of:
a) Shares carrying voting rights			1,87,186	1.17	1.17
b) Voting rights (VR) otherwise than
by shares
			--	--	--
c) Warrants/convertible securities/any
other instrument that entitles the
acquirer to receive shares carrying
voting rights in the T C (specify holding
in each category)
Total (a+b+c)			1,87,186	1.17	1.17
Details of acquisition~~/sale:~~
a) Shares carrying voting rights			2,500	0.02	0.02
acquired/sold
			--	--	--
b) VRs acquired /sold otherwise than
by shares
			--	--	--
c) Warrants/convertible securities/any
other instrument

that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) acquired/sold	that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) acquired/sold
Total (a+b+c)		2,500	0.02	0.02
After the acquisitio~~n/sale,~~holding of: a) Shares carrying voting rights b) VRs otherwise than by shares c) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition.	~~/sale,~~holding of:
		1,89,686	1.19	1.19
		--	--	--
		--	--	--
Total (a+b+c)		1,89,686	1.19	1.19
6. Mode of acquisition /~~sale~~(e.g. open market / off-market / public issue / rights issue / preferential allotment / inter-se transfer etc).		Open market
7. Date of acquisition /~~sale~~of shares / VR or date of receipt of intimation of allotment of shares, whichever is applicable		23rdMarch 2020
8. Equity share capital / total voting capital of the TC before the said acquisition /~~sale~~		Rs 160,425,700
		(16,042,570 equity shares of Rs. 10 each)
9. Equity share capital/ total voting capital of the TC after the said acquisition /~~sale~~		Rs 160,425,700
		(16,042,570 equity shares of Rs. 10 each)
10. Total diluted share/voting capital of the TC after the said acquisition~~/sale~~.		Rs 160,425,700
		(16,042,570 equity shares of Rs. 10 each)

(*) 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.

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Sd/Heral Mehta Promoter Group

Place: Mumbai Date: 23/03/2020

Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

1. Name of the Target Company (TC)	1. Name of the Target Company (TC)	1. Name of the Target Company (TC)	Onward Technologies Limited	Onward Technologies Limited	Onward Technologies Limited
2. Name(s) of the acquirer/		~~seller~~and	Jigar Mehta
Persons Acting in Concert (PAC) with
the acquirer
3. Whether the acquirer belongs to			Yes
Promoter/Promoter group
4. Name(s) of the Stock Exchange(s)			BSE Limited &
where the shares of TC are Listed			National Stock Exchange of		India Limited
5. Details of the acquisition /			Number	% w.r.t. total	% w.r.t. total
disposal/holding of shares/voting				share/voting	diluted
rights/holding of the Acquirer and				capital	share/voting
PAC				wherever	capital of the
				applicable	TC(*)
Before the acquisition/	~~disposal~~under
consideration, holding of:
a) Shares carrying voting rights			5,18,189	3.23	3.23
			--	--	--
b) Voting rights (VR) otherwise than
by shares
c) Warrants/convertible securities/any			--	--	--
other instrument that entitles the
acquirer to receive shares carrying
voting rights in the T C (specify holding
in each category)
Total (a+b+c)			5,18,189	3.23	3.23
Details of acquisition~~/sale:~~
a) Shares carrying voting rights			58,110	0.36	0.36
acquired/sold
			--	--
b) VRs acquired /sold otherwise than					--
by shares
			--	--
c) Warrants/convertible securities/any					--
other instrument

that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) acquired/sold	that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) acquired/sold
Total (a+b+c)		58,110	0.36	0.36
After the acquisitio~~n/sale,~~holding of: a) Shares carrying voting rights b) VRs otherwise than by shares c) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition.	~~/sale,~~holding of:
		5,76,299	3.59	3.59
		--
			--	--
		--
			--	--
Total (a+b+c)		5,76,299	3.59	3.59
6. Mode of acquisition /~~sale~~(e.g. open market / off-market / public issue / rights issue / preferential allotment / inter-se transfer etc).		Open market
7. Date of acquisition /~~sale~~of shares / VR or date of receipt of intimation of allotment of shares, whichever is applicable		23rdMarch 2020
8. Equity share capital / total voting capital of the TC before the said acquisition /~~sale~~		Rs 160,425,700
		(16,042,570 equity shares of Rs. 10 each)
9. Equity share capital/ total voting capital of the TC after the said acquisition /~~sale~~		Rs 160,425,700
		(16,042,570 equity shares of Rs. 10 each)
10. Total diluted share/voting capital of the TC after the said acquisition~~/sale~~.		Rs 160,425,700
		(16,042,570 equity shares of Rs. 10 each)

(*) 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.

==> picture [420 x 41] intentionally omitted <==

Sd/Jigar Mehta Promoter Group Place: Mumbai Date: 23/03/2020

ONWARD NETWORK TECHNOLOGIES PRIVATE LIMITED Reg. Off: 2[nd] Floor, Sterling Centre, D.R. Annie Besant Road, Worli, Mumbai (M.H.),400018 CIN: U72200MH1991PTC062761

Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

1. Name of the Target Company (TC)	1. Name of the Target Company (TC)	1. Name of the Target Company (TC)	Onward Technologies Limited	Onward Technologies Limited	Onward Technologies Limited
2. Name(s) of the acquirer~~/~~		~~seller~~and Persons	Onward Network Technologies Private
Acting in Concert (PAC) with the			Limited (Acquirer)
acquirer
3. Whether the acquirer belongs to			Yes
Promoter/Promoter group
4. Name(s) of the Stock Exchange(s) where			BSE Limited &
the shares of TC are Listed			National Stock Exchange of India Limited
5. Details of the acquisition /			Number	% w.r.t. total	% w.r.t. total
disposal/holding of shares/voting				share/voting	diluted
rights/holding of the Acquirer and PAC				capital	share/voting
				wherever	capital of the
				applicable	TC(*)
Before the acquisition/	~~disposal~~under
consideration, holding of:
a) Shares carrying voting rights			8,083,089	50.385	50.385
			--	--	--
b) Voting rights (VR) otherwise than
by shares
c) Warrants/convertible securities/any			--	--	--
other instrument that entitles the
acquirer to receive shares carrying
voting rights in the T C (specify holding in
each category)
Total (a+b+c)			8,083,089	50.385	50.385
Details of acquisition~~/sale:~~
a) Shares carrying voting rights			259,894	1.62	1.62
acquired/sold
			--	--	--
b) VRs acquired /sold otherwise than
by shares
			--	--	--
c) Warrants/convertible securities/any
other instrument
that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) acquired/sold
Total (a+b+c)			259,894	1.62	1.62

ONWARD NETWORK TECHNOLOGIES PRIVATE LIMITED

Reg. Off: 2[nd] Floor, Sterling Centre, D.R. Annie Besant Road, Worli, Mumbai (M.H.),400018 CIN: U72200MH1991PTC062761

After the acquisitio~~n/sale,~~holding of: a) Shares carrying voting rights b) VRs otherwise than by shares c) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition.	~~/sale,~~holding of:
		8,342,983	52.005	52.005
		--	--	--
		--	--	--
Total (a+b+c)		8,342,983	52.005	52.005
6. Mode of acquisition /~~sale~~(e.g. open market / off-market / public issue / rights issue / preferential allotment / inter-se transfer etc).		Open market
7. Date of acquisition /~~sale~~of shares / VR or date of receipt of intimation of allotment of shares, whichever is applicable		23rd March 2020
8. Equity share capital / total voting capital of the TC before the said acquisition /~~sale~~		Rs. 160,425,700
		(16,042,570 equity shares of Rs. 10 each)
9. Equity share capital/ total voting capital of the TC after the said acquisition /~~sale~~		Rs160,425,700
		(16,042,570 equity shares of Rs. 10 each)
10. Total diluted share/voting capital of the TC after the said acquisition~~/sale~~.		Rs160,425,700
		(16,042,570 equity shares of Rs. 10 each)

(*) 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.

For Onward Network Technologies Private Limited

Sd/Harish Mehta Director

Place: Mumbai Date: 23/03/2020

Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

1. Name of the Target Company (TC)	1. Name of the Target Company (TC)	1. Name of the Target Company (TC)	Onward Technologies Limited	Onward Technologies Limited	Onward Technologies Limited
2. Name(s) of the acquirer/		~~seller~~and	Prachi Mehta
Persons Acting in Concert (PAC) with
the acquirer
3. Whether the acquirer belongs to			Yes
Promoter/Promoter group
4. Name(s) of the Stock Exchange(s)			BSE Limited &
where the shares of TC are Listed			National Stock Exchange of		India Limited
5. Details of the acquisition /			Number	% w.r.t. total	% w.r.t. total
disposal/holding of shares/voting				share/voting	diluted
rights/holding of the Acquirer and				capital	share/voting
PAC				wherever	capital of the
				applicable	TC(*)
Before the acquisition/	~~disposal~~under
consideration, holding of:
a) Shares carrying voting rights			1,41,502	0.88	0.88
				--	--
b) Voting rights (VR) otherwise than
by shares
			--
c) Warrants/convertible securities/any				--	--
other instrument that entitles the
acquirer to receive shares carrying
voting rights in the T C (specify holding
in each category)
Total (a+b+c)			5,18,189	0.88	0.88
Details of acquisition~~/sale:~~
a) Shares carrying voting rights			5,000	0.03	0.03
acquired/sold
			--	--	--
b) VRs acquired /sold otherwise than
by shares
			--	--	--
c) Warrants/convertible securities/any
other instrument

that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) acquired/sold	that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) acquired/sold
Total (a+b+c)		5,000	0.03	0.03
After the acquisitio~~n/sale,~~holding of: a) Shares carrying voting rights b) VRs otherwise than by shares c) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition.	~~/sale,~~holding of:
		1,46,502	0.91	0.91
		--
			--	--
		--
			--	--
Total (a+b+c)		1,46,502	0.91	0.91
6. Mode of acquisition /~~sale~~(e.g. open market / off-market / public issue / rights issue / preferential allotment / inter-se transfer etc).		Open market
7. Date of acquisition /~~sale~~of shares / VR or date of receipt of intimation of allotment of shares, whichever is applicable		23rdMarch 2020
8. Equity share capital / total voting capital of the TC before the said acquisition /~~sale~~		Rs 160,425,700
		(16,042,570 equity shares of Rs. 10 each)
9. Equity share capital/ total voting capital of the TC after the said acquisition /~~sale~~		Rs 160,425,700
		(16,042,570 equity shares of Rs. 10 each)
10. Total diluted share/voting capital of the TC after the said acquisition~~/sale~~.		Rs 160,425,700
		(16,042,570 equity shares of Rs. 10 each)

(*) 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.

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Sd/Prachi Mehta Promoter Group

Place: Mumbai Date: 23/03/2020