ESOP/ESOS/ESPS

Onward Technologies Limited has announced the allotment of 31,000 equity shares. These shares were issued to eligible employees under the company's Employee Stock Option Scheme, 2019 (ESOP 2019), following the exercise of vested options. Each share has a face value of ₹10, along with a premium of ₹10. This allotment slightly increases the company's total outstanding shares, reflecting its commitment to employee incentivisation and retention programs. For investors, this represents a minor dilution of existing shareholding while aligning employee interests with the company's long-term performance.