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Onward Technologies Ltd. M&A Activity 2021

Nov 24, 2021

60726_rns_2021-11-24_bbb10bf9-4f22-4692-82ad-439a0e61f48c.pdf

M&A Activity

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Date: November 24, 2021

To,

	BSE Limited Corporate Relations Department P J Towers, Dalal Street Mumbai 400 001 SCRIP CODE: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. SCRIP SYMBOL:ONWARDTEC

Subject: Outcome of Board Meeting under Regulation 30 and other applicable regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”).

Dear Sir,

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), the Board of Directors of the Company at its meeting held today, on Wednesday, November 24, 2021, inter‐alia have accorded their approval for acquisition of 100% equity shares and preference shares of NV Pune Technology Park Private Limited and authorising directors and other officials of the Company for execution and signing of Share Purchase Agreement and other transaction documents in this regard.

The meeting of Board of Directors commenced at 03:00 PM and concluded at 03:25 PM. Kindly take the above information on records.

Kindly acknowledge the receipt of the same.

For Onward Technologies Limited