Onward Technologies Ltd. — Regulatory Filings 2020

Jul 30, 2020

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Date: 30[th] July, 2020

National Stock Exchange of India Limited “Exchange Plaza”, 5[th] Floor, Plot No. C/1, G Block Bandra-Kurla Complex Bandra (East), Mumbai – 400051.

Subject: Clarification on movement in Share Price (Script Code: ONWARDTEC)

Reference: NSE letter (Ref. No.: NSE/CM/Surveillance/9794) dated 29[th] July, 2020.

With reference to captioned matter, we are in receipt of letter on 29[th] July 2020 where company is asked to provide the clarification for movement of Share Price. In this connection, Company would like to clarify that:

As per Regulation 30 of SEBI (LODR) Regulations, 2015, the Company has been sharing all information, corporate announcements, events etc. that have bearing on the operations and performance of the Company, including all price sensitive information with the stock exchanges. Further, company is compliant will all extant laws in this regard.

Further, recently company has declared its results pertaining to Quarter I for Financial Year 2020-2021 and held its 29[th] Annual General Meeting on 16[th] July 2020. The company also paid dividend for FY 1920. We affirm that recent movement in share price is beyond the control of the company and is market driven.

The Company reiterates its adherence to all the requirements laid down in SEBI (LODR) Regulations, 2015 and will continue to keep the stock exchanges duly informed of any developments as required by the said regulations as and when any such event occurs.

Requesting you to kindly take this on your record and oblige.

Thanking You

For, Onward Technologies Limited

Sd/Dimple Chauhan Company Secretary

2nd floor, Sterling Centre, Dr. A.B. Road, Worli, Mumbai 400018. Tel: +91 22 24926570 CIN: L28920MH1991PLC062542 | www.onwardgroup.com

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