Updates

Ref No.: OTL/Secretarial/SE/2026-27/49 Date: August 14, 2026 BSE Limited National Stock Exchange of India Corporate Relationship Department Exchange Plaza 1st Floor, New Trading Ring, Bandra Kurla Complex Rotunda Building, P. J. Towers, Bandra (E) Dalal Street, Fort, Mumbai 400 051 Mumbai – 400 001 Script Code BSE 517536 Code ONWARDTEC Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Imposition of Penalty under Section 270A of the Income-tax Act, 1961 Dear Sir/Ma’am, Pursuant to Regulation 30 read with Para A(20) of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that the Company has received an Order dated 28th July 2026 from the Income Tax Department on 31st July 2026, imposing a penalty of ₹10,59,664/- (Rupees Ten Lakh Fifty-Nine Thousand Six Hundred Sixty-Four only) under Section 270A of the Income-tax Act, 1961. Company has the recourse to file appeal against the said order. The details of the said Order are as under: Sr. No Particulars Details 1 Name of Authority Income Tax Department 2 Nature and details of the action(s) Order imposing penalty under Section 270A taken, initiated or order(s) passed of the Income-tax Act, 1961 3 Date of receipt of direction or 31st July 2026 order, including any ad-interim or interim orders, or any other communication from the authority 4 Details of the violation(s)/ The penalty has been imposed in respect of contravention(s) committed or order for disallowance of expenses and alleged to be committed taxation relief claim for FY 2019-20. This was on account of change in taxation law retrospectively and interpretation of law. 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 This consequently resulting in re-assessment of declared income for FY2019-20. 5 Impact on financial, operation or The penalty of ₹10,59,664/- will have a other activities of the listed corresponding financial impact on the entity, quantifiable in monetary Company. There is no material impact on terms to the extent possible the operations of the Company. This is for your information and records. For Onward Technologies Limited Jigar Mehta Managing Director DIN :- 06829197 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