Submission of Annual Report of Onward Technologies Limited for the financial year ended March 31, 2026

Ref No.: OTL/Secretarial/SE/2026-27/30 Date: June 22, 2026 Bombay Stock Exchange Limited National Stock Exchange of India Ltd., Phiroz Jeejeebhoy Towers, Plot No. C/1 'G' Block Dalal Street, Mumbai – 400023 Bandra – Kurla Complex Bandra East, Mumbai 400051 Ref: Scrip Code - BSE: 517536 NSE: ONWARDTEC Subject: Submission of Annual Report of Onward Technologies Limited (“the Company”) for the financial year ended March 31, 2026. Dear Sir/Madam, Pursuant to the provisions of Regulation 34(1) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, read with amendments thereto, please find enclosed herewith the copy of Annual Report of the Company for the financial year ended March 31, 2026 along with Notice convening the 35th Annual General Meeting (“AGM”) of the Company and the same will be circulated to the shareholders through electronic mode. The AGM of the Company will be held on Thursday, July 16, 2026 at 03:00 pm IST through video conferencing and other audio-visual means (“VC/OAVM”). Further, the Notice of the AGM and the copy Annual Report for the financial year ended March 31, 2026 is available on the website of the Company at www.onwardgroup.com , Stock Exchanges i.e. BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”) at www.bseindia.com and www.nseindia.com, respectively and National Securities Depository Limited (“NSDL”) at www.evoting.nsdl.com This is for your information and records For Onward Technologies Limited Aakash Joshi Company Secretary & Compliance Officer Membership No :- A60953 Regd. address.: 2nd floor, Sterling Centre, Dr. A.B. Road, Worli, Mumbai 400018. Tel: +91 22 24926570 CIN: L28920MH1991PLC062542 | email: compliance@onwardgroup.com | website: www.onwardgroup.com Mumbai | Pune | Chennai | Bengaluru | Hyderabad | Chicago | Detroit | Birmingham | Munich | Toronto YOUR TRUSTED OUTSOURCING PARTNER Annual Report 2025-26 FOR DIGITAL AND ER&D SERVICES CORPORATE INFORMATION 01 Corporate Information 12 Message From The 02 Highlights FY 2025-26 Chairman’s Desk 14 From MD’s Desk 04 Your Trusted Outsourcing 18 Key Performance Indicators Partner 20 Success Stories Corporate 06 About Onward Technologies 22 Corporate Social Responsibility Overview 08 How We Deliver With Trust 24 Awards And Accolades BOARD OF DIRECTORS 26 Directors’ Report 82 Management Discussion 47 Business Responsibility And And Analysis Sustainability Report 92 Report On Corporate Governance Mr. Harish Mehta Mr. Jigar Mehta Statutory Founder & Executive Chairman Managing Director Chairman of Corporate Social Responsibility Reports Committee (CSRC) CONSOLIDATED STANDALONE 115 Independent Auditor’s 187 Independent Auditor’s Mr. Jay Sonawala Mr. Harsha Raghavan Report Report Non-Executive Independent Director Non-Executive 124 Balance Sheet 198 Balance Sheet Chairman of Audit Committee (AC) Non-Independent Director Financial 125 Statement Of Profit And Loss 199 Statement Of Profit And Loss Statements 126 Statement Of Cash Flows 200 Statement Of Cash Flows 128 Statement Of Changes In 202 Statement Of Changes In Equity Equity 130 Notes 204 Notes Ms. Niranjani Chandramouli Mr. Dhanpal Jhaveri Non-Executive Independent Director Non-Executive Independent Director 260 Notice Chairman of Risk Management Chairman of Nomination and Committee (RMC) Remuneration Committee (NRC) Mr. Jai Diwanji Non-Executive Independent Director Chairman of Stakeholders Relationship Committee (SRC) STATUTORY AUDITORS CORPORATE IDENTITY REGISTRAR AND TRANSFER B S R & Co. LLP, NUMBER AGENTS Chartered Accountants L28920MH1991PLC062542 MUFG Intime India Pvt. Ltd. C-101, 247 Park INTERNAL AUDITORS WEBSITE L.B.S. Marg, Vikhroli West, Ahuja Valecha & Associates LLP www.onwardgroup.com Mumbai – 400 083 SECRETARIAL AUDITORS INVESTOR RELATIONS BANKERS Nilesh A. Pradhan and Co., LLP investors@onwardgroup.com ICICI Bank Tel No.: +91 22 2492 6570 HSBC REGISTERED OFFICE Citibank Sterling Centre, 2nd Floor, Dr. A.B. Road, Worli, Mumbai – 400 018 STNETNOC Forward-looking statements The report contains statements that relate to the Company’s future operations and performance. These statements can be identified by the usage of words such as ‘believes’, ‘estimates’, ‘anticipates’, ‘expects’, ‘intends’, ‘may’, ‘will’, ‘plans’, ‘outlook’ and other words of similar meaning in connection with a discussion of future operating or financial performance. These forward-looking statements are dependent on assumptions, data or methods that may be inaccurate or imprecise and hence are not guarantees of future operating, financial and other results. They constitute our current expectations based on reasonable assumptions. The Company’s actual results could materially differ from YOUR those projected in any forward-looking statements due to TRUSTED various future events, risks, and uncertainties some of which are beyond our control. The Company does not assume A2n0n2u5a-l 2R6eport OUTSOURCING PARTNER any obligation to update or revise any forward-looking statements, whether as a result of new information, future For more details, please visit: events or otherwise. www.onwardgroup.com Onward Technologies Limited 01 Corporate 26 Statutory 115 Financial 25 Overview 114 Reports 259 Statements HIGHLIGHTS FY 2025-26 TOTAL INCOME EBITDA MARGIN ₹550.9 13.2% Crore REVENUE EBITDA 15.3% 35.4% CAGR CAGR (FY 2022-26) (FY 2022-26) CASH AND BANK RESERVES 11 YEARS ₹127.3 Crore Consistent dividend payouts (MARCH 31, 2026) 02 03 Annual Report 2025-26 Onward Technologies Limited 01 Corporate 26 Statutory 115 Financial 25 Overview 114 Reports 259 Statements CREATE VALUE FOR CLIENTS Accelerated technological advancement and the growing adoption of smart automation are reshaping engineering workflows globally. Speed, intelligence and precision are no longer competitive advantages; they are imperatives. For enterprises to thrive and strengthen their competitive moat, they must innovate faster and engineer smarter. They need the ability to bring superior, future-ready solutions to market with greater confidence. And for this, they need more than a service provider. 01 02 03 They need a Deep talent and A global delivery Robust processes INTEGRATE DESIGN DELIVER WITH ROBUST PROVIDE ACCESS TO partner who strong domain model that combines and tools that THINKING AND DIGITAL PROCESSES AND GLOBAL TALENT POOL has... expertise in advanced on-site presence with enable effective TRANSFORMATION SPECIALISED TOOLS We emphasise a globally technologies and offshore strength to execution, We integrate design thinking with We deploy field-tested processes, distributed talent base with strong digital engineering ensure flexible yet governance and advanced digital engineering specialised tools and standardised domain expertise, supported by a expertise to embed intelligence, frameworks to enhance collaborative, high-performance consistent execution control transform and accelerate operational excellence, drive culture and continuous upskilling. the innovation and product continuous improvement, and development cycle create sustained value. This ensures predictability, scalability and continuity. It gives clients the confidence that their Client value Client value Client value ER&D investments are in safe hands, with a partner that has both the capability to deliver and the discipline to stay the course. Higher return on R&D Assurance of predictable, high- Seamless integration into the investments and enhanced quality delivery, with scalability client’s R&D ecosystem and competitiveness. potential. long-term partnership. This is where Onward Technologies steps in. As our clients accelerate their innovation journeys, we act as a reliable and scalable extension of their engineering research and development (ER&D) ecosystem. We ensure that every engagement translates into sustained, long-term value. 04 05 This is what it means to be YOUR TRUSTED ENSURE AGILE DELIVERY OPTIMISE VALUE THROUGH A BALANCED We guarantee responsive a [Showing first 8,000 characters — download PDF for full document]