Outcome of Board Meeting held on October 16, 2026

Ref No.: OTL/Secretarial/SE/2026-27/62 Date: October 16, 2026 BSE 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 Sub.: Outcome of Board Meeting held on October 16, 2026. Dear Sir, Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), the Board of Directors of the Company at their meeting held today have approved and taken on record, unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026. Copy of the Results along with Limited Review Report of the Auditors of the Company, as required under Regulation 33 of the Listing Regulations, is enclosed herewith. The Board Meeting commenced at 11:00 AM and concluded at 11:55 AM. 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 Onward Technologies Limited Corporate Identity Number: L28920MH1991PLC062542 Registered Office: Sterling Centre, 2nd Floor, Dr. A. B. Road, Worli, Mumbai - 400 018, India. Tel: +91 22 2492 6570 E-mail: investors@onwardgroup.com Website: www.onwardgroup.com STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED SEPTEMBER 30, 2026 (INR In lakhs) Quarter ended Six months ended Year ended Particulars September 30,2026 June 30,2026 September 30,2025 September 30,2026 September 30,2025 March 31, 2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Revenue from operations 17,017.71 14,942.97 13,896.89 31,960.68 27,211.97 54,385.24 2 Other income 104.39 173.08 112.72 277.47 359.41 704.23 3 Total Income (1+2) 17,122.10 15,116.05 14,009.61 32,238.15 27,571.38 55,089.47 4 Expenses a) Employee benefits expense (Refer note 6) 11,814.13 10,926.30 9,767.58 22,740.43 19,580.75 39,582.25 b) Finance costs 69.36 68.21 96.37 137.57 146.61 289.05 c) Depreciation and amortisation expense 476.50 463.75 421.05 940.25 739.43 1,579.69 d) Other expenses (Refer note 6) 2,549.62 2,179.93 2,141.94 4,729.55 3,929.61 7,618.40 Total Expenses 14,909.61 13,638.19 12,426.94 28,547.80 24,396.40 49,069.39 5 Profit before exceptional items and tax (3-4) 2,212.49 1,477.86 1,582.67 3,690.35 3,174.98 6,020.08 6 Exceptional Items (Refer note 4) - - - - - 315.50 7 Profit before tax (5-6) 2,212.49 1,477.86 1,582.67 3,690.35 3,174.98 5,704.58 8 Tax expense a) Current tax 630.52 397.30 445.96 1,027.82 786.04 1,440.72 b) Deferred tax (95.44) (36.38) (57.21) (131.82) (78.07) (168.53) Total tax expense/ (credits) 535.08 360.92 388.75 896.00 707.97 1,272.19 9 Net profit for the period/ year (7 - 8) 1,677.41 1,116.94 1,193.92 2,794.35 2,467.01 4,432.39 10 Other comprehensive income/(loss), net of income tax a) i) items that will not be reclassified to profit or loss 83.33 (73.00) (23.87) 10.33 (122.91) 75.18 ii) income tax relating to items that will not be (20.97) 18.37 6.00 (2.60) 30.93 (18.92) reclassified to profit or loss b) i) items that will be reclassified to profit or loss 70.95 (20.24) 161.78 50.71 151.89 470.88 ii) income tax relating to items that will be reclassified - - - - - - to profit or loss Total other comprehensive income/(loss), net of income 133.31 (74.87) 143.91 58.44 59.91 527.14 11 Total comprehensive income for the period/ year (9+10) 1,810.72 1,042.07 1,337.83 2,852.79 2,526.92 4,959.53 12 Net Profit attributable to: a) Owners 1,677.41 1,116.94 1,193.92 2,794.35 2,467.01 4,432.39 b) Non-controlling interests - - - - - - 13 Other comprehensive income/(loss) attributable to: a) Owners 133.31 (74.87) 143.91 58.44 59.91 527.14 b) Non-controlling interests - - - - - - 14 Total comprehensive income attributable to: a) Owners 1,810.72 1,042.07 1,337.83 2,852.79 2,526.92 4,959.53 b) Non-controlling interests - - - - - - 15 Paid-up equity share capital : (Face value INR 10 each) 2,191.11 2,193.32 2,253.25 2,191.11 2,253.25 2,244.42 16 Other equity - - - - - 23,106.28 17 Earnings per share (of INR 10 each) (Not annualised for the quarters) Basic: (in INR) 7.65 5.00 5.26 12.63 10.87 19.64 Diluted: (in INR) 7.61 4.98 5.23 12.56 10.80 19.52 Segment reporting AsrequiredbyIndAS108theGroupevaluatestheperformanceoftheGrouponthebasisofasinglesegment.Geographicalinformationiscollatedbasedonindividualcustomersforwhomrevenueisrecognizedonthebasisof their physical location. Geographical Information Quarter ended Six months ended Year ended Particulars September 30,2026 June 30,2026 September 30,2025 September 30,2026 September 30,2025 March 31, 2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Revenue from external customers Within India 9 ,103.70 7 ,704.52 7,904.74 1 6,808.22 1 5,448.10 2 9,815.23 Outside India - - North America 6 ,215.16 5 ,595.08 4,505.17 1 1,810.24 8,740.91 1 8,541.44 - Europe & UK 1 ,698.85 1 ,643.37 1,486.98 3,342.22 3,022.96 6 ,028.57 Total revenue 17,017.71 14,942.97 13,896.89 31,960.68 27,211.97 54,385.24 The revenue information above is based on the locations of the customers. Notes: 1TheStatementhasbeenreviewedbyMembersoftheAuditCommitteeandapprovedbytheBoardofDirectorsattheirrespectivemeetingsheldonOctober16,2026.Thestatutoryauditorshaveissuedanunmodified reviewconclusionontheseresults.ThisStatementhasbeenpreparedinaccordancewiththeCompanies(IndianAccountingStandard)Rules,2015(IndAS)prescribedundersection133oftheCompaniesAct,2013and rules amended from time to time. 2TheconsolidatedfinancialresultsincludetheresultsofOnwardTechnologiesLimited(the OnwardTechnologiesEmployeeWelfareTrust(ESOPTrust)anditssubsidiariesviz.OTParkPrivateLimited (India), Onward Technologies Inc. (USA), Onward Technologies GmbH (Germany), Onward Technologies B.V. (Netherland) and Onward Technologies Canada Inc. (Canada) (together referred as "the Group"). 3Duringthepreviousyear,aformeremployeeinitiatedlegalproceedingsagainstOnwardTechnologiesInc.(OTI),the whollyownedU.S.subsidiary.TheCompanyhasfiledmotiontodismissthecomplaint againsttheCompany.Themattercontinuestobecontestedonmerits,andbasedon assessment,legalprecedents,andindependentlegaladvice,anadverseoutcomeisnotconsideredprobable. Accordingly, no provision has been recognized in the financial results, and the matter has been disclosed as a contingent liability. 4EffectiveNovember21,2025,theGovernmentofIndiaconsolidated29existinglabourregulationsintofourLabourcodes,namely,TheCodeonWages,2019,TheIndustrialRelationsCode,2020,TheCodeonSocial Security,2020andtheOccupationalSafety,HealthandWorkingConditionsCode,2020,collectivelyreferredtoasthe'NewLabourCodes'.BasedontherequirementsofNewLabourCodesandrelevantAccounting Standards,theCompanyestimatedtheliabilityforemployeebenefits,whichresultedinanincrementalexpenseonaccountofrecognitionofpastservicecosts.Consideringthematerial,one-timenatureofthe incremental amount, the Company presented the same as an 'Exceptional Item' in the Statement of Consolidated Financial Results during the previous year. 5TheBoardofDirectorsatitsmeetingheldonMay12,2026,approvedaproposaltobuy-backupto5,48,780fullypaidequitysharesoffacevalueof eachoftheCompanyforanaggregateconsiderationamountnot exceeding 1,800lakhsbeing2.41%ofthetotalnumberofequitysharesinthetotalpaid-upequitysharecapitalat perequityshare,onaproportionatebasisthroughthetenderofferrouteusingtheStockExchange mechanism('Buyback').LetterofOfferwassenttoeligiblemembersholdingsharesasontherecorddatei.e.May18,2026.ThetenderingperiodfortheBuybackwasconcludedonMay29,2026.TheCompanybought back5,48,780equitysharesoutof [Showing first 8,000 characters — download PDF for full document]