Outcome of Board Meeting

o magiation. Delvered o Perfection Ref No.: OTL/Secretarial /SE/2026-27/39 Date: July 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 July 16, 2026. Dear Si, 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 ended June 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 11:30 AM and concluded at 12:25 PM. This is for your information and records. For Onward Technologies Limited ‘Aakash Pankaj Joshi ST Aakash Joshi Company Secretary & Compliance Officer Membership No :- A60953 Regd. address.: 2nd floor, Sterling Centre, Dr. AB. Road, Worli, Mumbai 400018. Tel: +91 22 24926570 CIN: L28920MH1991PLC062542 | email: compliance@onwardgroup.com | website: www.onwardgroup.com h | Toronto Onward Technologies Limited Corporate Identity Number: 28920MH1991PLC062542 Registered Office: Stes Centre, 2nd Floor, Dr. A. B. Road, Worli, Mumbai - 400 018, India. Tel: 491222492 6570 E-mail westors@onwardgroup.com Website: www.onwardgroup.com 'STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2026 TINR In lakhs) Quarter ended Year ended s June 30,2026 March 31, 2026 June 30,2025 March 31, o, Particulars 2026 (Unaudited) (Audited) (Unaudited) (Audited) Refer note 3 T [Revenue from operations 14,942.97 13,71154 13315.08 54,385.24 2 |other income 173.08 192.44 246.69 704.23 3 |Total Income (1+2) 15,116.05 13,903.98 13,561.77 55,089.47 4 [Expenses 2) Employee benefits expense 10,926.30 10,202.18 9,813.17 39,582.25 b) Finance costs 6821 7133 50.24 289.05 ¢) Depreciation and amortisation expense 463.75 43619 318.38 1,579.69 d) Other expenses 2,179.93 1,978.85 1,787.67 7,618.40 [Total Expenses 13,638.19 12,688.55 11,969.46 49,069.39 5 [Profit before exceptional items and tax (3-4) 1,477.86 1,215.43 1,59231 6,020.08 6 [Exceptional items (Refer note 5) - - - 315,50 7 |Profit before tax (5-6) 1,477.86 1,215.43 1,59231 5,704.58 8 [rax expense a) Current tax 397.30 28243 340,08 1,440.72 b) Deferred tax (36.38) (22.18)] (20.86) (168.53) [Total tax expense/ (credits) 360.92 260.25 31922 1,272.19 9 |Net profit for the period/ year (7-8) 1,116.94 955.18 1,273.09 4,432.39 10 [Other comprehensive income (loss), net of income tax 2) ) items that will not be reclassified to profit or loss (73.00) 198.96 (99.05) 75.18 ii) income tax relating to items that will not be 1837 (50.07)| 2493 (18.92) reclassified to profit or loss b) i) items that will be reclassified to profit or loss (20.24) 259.61 (9.89) 47088 ii) income tax relating to items that will be reclassified - - - - to profit or loss [Total other comprehensive income/(loss), net of income tax (74.87) 408.50 (84.01) 527.14 11 [Total comprehensive income for the period/ year (9+10) 1,042.07 1,363.68 1,189.08 4,959.53 12 |Net Profit attributable to: [a) Owners 1,116.94 955.18 1,273.09 4,432.39 o) Non-controlling interests - - - - 13 [other comprehensive income/ (loss) attributable to: ) Owners (74.87) 408.50 (84.01) 527.14 o) Non-controlling interests - - - - 14 [Total comprehensive income attributable to: 2) Owners 1,042.07 1363.68 1,189.08 4,959.53 [b) Non-controlling interests - - - - 15 [Paid-up equity share capital : (Face value INR 10 each) 2,193.32 2,244.2 227162 2,240.42 16 [other equity - - - 23,106.28 17 [Earnings per share (of INR 10 each) (Not annualised for the quarters) Basic: (in INR) 500 426 561 19.64 Diluted: (in INR) 498 423 5.57 1952 Segment reporting A required by Ind AS 108 the Group evaluates the performance of the Group on the basis of a single segment. Geographical information is collated based on individual customers| for whom revenue is recognized on the basis of their physical location. Geographical Information Quarter ended Year ended June 30,2026 March 31, 2026 June 30,2025 March 31, Particulars 2026 (Unaudited) (Audited) (Unaudited) (Audited) Refer note 3 Revenue from external customers Within India 7,704.52 7,167.75 7,54336 29,815.23 outside India -UsA 5,041.85 4,532.63 3,656.87 16,177.39 - Europe 379.77 354.45 603.18 1,92010 - Others* 1,816.83 1,656.71 1,511.67 647252 [Total revenue 14,042.97 13,711.54 13,315.08 54,385.24. [The revenue information above is based on the locations of the customers. *includes Canada, United Kingdom. Notes: 1 The Statement has been reviewed by Members of the Audit Committee and approved by the Board of Directors at their respective meetings held on luly 16, 2026. The] statutory auditors have issued an unmodified review conclusion on these results. This Statement has been prepared in accordance with the Companies (Indian Accounting] Standard) Rules, 2015 (Ind AS) prescribed under section 133 of the Companies Act, 2013 and rules amended from time to time. 2 The consolidated financial results include the results of Onward Technologies Limited (the “Holding company”), Onward Technologies Employee Welfare Trust (ESOP Trust) and its subsidiaries viz. OT Park Private Limited (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"). 3 The figures for the quarter ended March 31, 2026 are balancing figure between the audited figures for the year ended March 31, 2026 and the published unaudited year-tol date figures for nine months ended December 31, 2025. 4 During the previous year, a former employee initiated legal proceedings against Onward Technologies Inc. (OTI), the Company’s wholly owned U.S. subsidiary. The Company| has filed motion to dismiss the complaint against the Company. The matter continues to be contested on merits, and based on management’s assessment, legal precedents) and independent legal advice, an adverse outcome is not considered probable. Accordingly, no provision has been recognized in the financial results, and the matter ha been disclosed as a contingent liability, 5 Effective November 21, 2025, the Government of India consolidated 29 existing labour regulations into four Labour codes, namely, The Code on Wages, 2019, The Industrial Relations Code, 2020, The Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020, collectively referred to as the 'New Labour] Codes'. Based on the requirements of New Labour Codes and relevant Accounting Standards, the Company estimated the liability for employee benefits, which resulted in an incremental expense on account of recognition of past service costs. Considering the material, one-time nature of the incremental amount, the Company presented thel same as an 'Exceptional Item' in the Statemenotf Consolidated Financial Results during the previous year. 6 The Board of Directors at its meeting held on May 12, 2026, approved a proposal to buy-back upto 5,48,780 fully paid equity shares of face value of 10/- each of the] Company for an aggregate consideration amount not exceeding X 1,800 lakhs being 2.41% of the total number of equity shares in the total paid-up equity share capital af 2328 per equity share, on a proportionate basis thrtheo teundegr ofhfer route using the Stock Exchange mechanism (Buyback'). Letteorf Offwase sernt to eligible members| holding shares as on the record date i.e. May 18, 2026. The tendering period for the Buyback was concluded on May 29, 2026. The Company bought back 5,48,780 equity| shares out of the shares that were tendered by eligible shareholde [Showing first 8,000 characters — download PDF for full document]