Onward Technologies Ltd. — Regulatory Filings 2019

Nov 22, 2019

Date: November 22, 2019

To,

Mumbai - 400 001 Bandra Kurla Complex

BSE Ltd. National Stock Exchange of India Ltd. P. J. Towers, Dalal Street, 'Exchange Plaza', C-1, Block G Bandra (E), Mumbai 400 051.

Ref: Scrip Code: BSE: 517536 NSE: ONWARDTEC

Subject: Disclosures of Related Party Transactions pursuant to Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015 ("Listing Regulations")

Dear Sir,

Pursuant to Regulation 23(9) of the Listing Regulations, please find attached herewith the disclosure of related party transactions on a consolidated basis and balances for the half year ended September 30, 2019.

This is for your information and records.

Thanking You

Yours' faithfully,

For Onward Technologies Limited

Company Secretary

Registered Office : Sterling Centre, 2nd Floor, Dr. Annie Besant Road, Worli, Mumbai (MH)- 400 018. Tel.: +91 (22) 2492 6570 Fax : +91 (22) 2492 6549 CIN No.: L28920MH1991PLC62542. www.onwardgroup.com

Onward Technologies Limited

Related Party Transactions and Outstanding (Consolidated) for the period ended 30 September, 2019 (All amounts in Rupees lakhs, unless otherwise stated)

a. Parent Company

	Onward Technologies Limited
		Related Party Transactions and Outstanding (Consolidated) for the period ended 30 September, 2019
	(All amounts in Rupees lakhs, unless otherwise stated)
	Parent Company
Sr.No.	Name of Entity	Place ofBusiness/Country March 31,	Ownership Interest	September	Relationship
t.	Onward NetworkTechnologies Private	of Incorporation 2019India	49.62%	30, 201951.54%	UltimateHolding
	Limited				Company
	Subsidiary Companies
	Sr.No. Name of Entity		Place of Business		Ownership Interest held by
					group as on 30" September,
a	Onward eServices Limited	India		2019100%
2;3.	Onward Technologies, Inc.Onward Technologies, GmbH.	USA	Germany	100%100%

b. Subsidiary Companies

Related Party Transactions and Outstanding (Consolidated) for the period ended 30 September, 2019(All amounts in Rupees lakhs, unless otherwise stated)Parent Companya.Sr.Name of EntityPlace ofOwnership InterestRelationshipNo.Business/Country March 31,Septemberof Incorporation 201930, 2019t.Onward NetworkIndia49.62%51.54%UltimateTechnologies PrivateHoldingLimitedCompanySubsidiary Companiesb.Sr.No. Name of EntityPlace of BusinessOwnership Interest held bygroup as on 30" September,2019aOnward eServices LimitedIndia100%2;Onward Technologies, Inc.USA100%3.Onward Technologies, GmbH.Germany100%4.Onward Properties Private Limited India100%Fellow Subsidiariesc.Desai Finwealth Investments & Securities Private Limited1.Onward Software Technologies Private Limited2.Key Managerial Personnel:d.Mr. Harish Mehta, Executive ChairmanMr. Jigar Mehta, Managing DirectorenterMrs. Prachi Mehta, DirectorMr. Pranay Vakil, Independent DirectorEeMr. NandKumar Pradhan, Independent DirectorMr. Parish Meghani, Independent DirectorSt 2S)Mr. Rahul Rathi, Independent DirectorMr. MVSS Narayanacharyulu, Chief Financial OfficerOeMs. Dimple Chauhan, Company Secretary$2	Onward Technologies Limited

c. Fellow Subsidiaries

• 1. Desai Finwealth Investments & Securities Private Limited
• 1. Onward Software Technologies Private Limited

d. Key Managerial Personnel:

• Mr. Harish Mehta, Executive Chairman
• Mr. Jigar Mehta, Managing Director
• Mrs. Prachi Mehta, Director
• Mr. Pranay Vakil, Independent Director
• Mr. NandKumar Pradhan, Independent Director
• Mr. Parish Meghani, Independent Director
• $2 Oe St 2S) Ee enter Mr. Rahul Rathi, Independent Director
• Mr. MVSS Narayanacharyulu, Chief Financial Officer
• Ms. Dimple Chauhan, Company Secretary

Related Party Transactions and Outstanding
	(All amounts in Rs. lakhs, unless otherwise

Onward Technologies Limited

stated)

(Consolidated) for the period ended 30th September, 2019

29 Transactions with related parties:

15.00Sept 30,2019337.46March 31,2019Sept 30,2019154.36March 31,þ2019Sept 30,2019 March 31, 2019 Sept 30,2019 6.5987.3244.442.51Employee benefits (Refer note below)Reimbursement of Expenses receivedReimbursement of Expenses paidDeposits PaidRent paid		Holding Company	Fellow Subsidiaries	Key Managerial Personnel		Other
	Nature of transaction						March 31,2019
							20.50
Director sitting fees				10.62	22.45

Note : Key Managerial Personnel who are under the employment of the Company are entitled to post employment benefits and other long term employee benefits recognised as per Ind AS 19 - 'EmployeeBenefits' in the financial

II Outstanding Balances from sale/ purchase of goods and services

		Holding Company	Fellow Subsidiaries	Key Managerial Personnel
		Sept 30,2019 March 31, 2019 Sept 30,2019 March 31, Sept 30,2019	2019		March 31,2019
				13.72	10.86
alary and Allowance payable
Deposites	40.31	40.31

III Terms and conditions for outstanding balances

All outstanding balances are unsecured and payable in cash.

Registered Office : Sterling Centre, 2nd Floor, Dr. Annie Besant Road, Worli, Mumbai (MH)- 400 018. Tel.: +91 (22) 2492 6570 Fax: +91 (22) 2492 6549 CIN No.: L28920MH1991PLC62542. www.onwardgroup.com

TECHNOLOGIES LIMITED