Onward Technologies Ltd. — Regulatory Filings 2021

May 14, 2021

Date: May 14, 2021

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To,
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: Outcome of Board Meeting held on May 14, 2021 at 11.00 A.M. (Meeting concluded at 12:15 P.M.)

Dear Sir,

The Board of Directors of the Company at their meeting held today, have inter-alia, approved the following:

1. Audited Financial Results

a. Consolidated and Standalone Audited Financial Results:

Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), the Board of Directors of the Company have approved and taken on record, inter alia, audited Standalone and Consolidated financial results of the Company for the quarter and year ended March 31, 2021.

• b. Consolidated and Standalone Audited Financial Statements for the financial year ended March 31, 2021.

2. Recommendation of Dividend

Recommended payment of final Dividend of Rs.3 (Rupees Three only) per equity share of the face value of Rs. 10/- each for the financial year ended March 31, 2021, subject to approval of the shareholder’s approval at the ensuing 30[th] Annual General Meeting (AGM). The cut-off date and record dates will be follow separately.

3. Re-appointment of Directors

• a. Re-appointment of Mr. Harish Mehta as a Whole-time Director designated as an Executive Chairman for a further period of five years, subject to approval of the shareholder’s approval at the ensuing 30[th] Annual General Meeting (AGM).

• b. Re-appointment of Mr. Jigar Mehta as Managing Director for a further period of five years w.e.f. May 14, 2021 , subject to approval of the shareholder’s approval at the ensuing 30[th] Annual General Meeting (AGM).

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

Mumbai | Pune | Chennai | Chicago | Detroit | Cleveland | Frankfurt | Bengaluru | London

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4. Convening of 30[th] Annual General Meeting

Convening of 30[th] Annual General Meeting of the Company on Thursday, July 15, 2021 at 3.00 pm through video conferencing. The notice and necessary instructions to attend the meeting to be followed separately. The Company has appointed M/s. Nilesh A. Pradhan & Co. LLP, Pr. Company Secretaries, Mumbai as a Scrutinizer for the purpose of e-Voting for the ensuing AGM of the Company.

Kindly acknowledge the receipt of the same.

For Onward Technologies Limited

DIMPLE Digitally signed by DIMPLE CHAUHAN CHAUHAN Date: 2021.05.14 13:03:46 +05'30' Dimple Chauhan Company Secretary

Encl: As above

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

Mumbai | Pune | Chennai | Chicago | Detroit | Cleveland | Frankfurt | Bengaluru | London

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Date: May 14, 2021

To,
BSE LimitedCorporate Relations DepartmentP J Towers, Dalal StreetMumbai 400 001ScripCode : 517536	National Stock Exchange of India Ltd.,Exchange Plaza, 5th Floor,Plot No. C/1, G Block,Bandra-Kurla Complex,Bandra (East),Mumbai – 400 051.ScripCode :ONWARDTEC

Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 in connection with Scheme of merger by absorption of Onward eServices Limited with Onward Technologies Limited.

This is to inform you that the Board of Directors of the Company scheduled today, taken on record received the Order from National Company Law Tribunal, Mumbai Bench dated March 25, 2021 approving the scheme of Merger by Absorption of Onward eServices Limited (OeSL) with Onward Technologies Limited and their respective shareholders under Section 230 to 232 of the Companies Act, 2013. The Company has received the certified true copy of the Order dated March 25, 2021 on May 06,2021.

We have filed today e-Form INC-28 with the Registrar of Companies, Maharashtra, Mumbai along with the certified true copy of the NCLT Order on May 14, 2021. Onward eServices Limited has also filed the e-Form INC-28 with the Registrar of Companies, Maharashtra, Mumbai on May 14, 2021. Pursuant to the filing of INC-28, the Scheme becomes effective on May 14, 2021 with an appointed date of January 1, 2020.

We request you to take on record.

Thanking you,

Yours faithfully, For Onward Technologies Limited

DIMPLE Digitally signed by DIMPLE CHAUHAN CHAUHAN Date: 2021.05.14 13:04:43 +05'30'

Dimple Chauhan Company Secretary

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

Mumbai | Pune | Chennai | Chicago | Detroit | Cleveland | Frankfurt | Bengaluru | London