Onward Technologies has approved a ₹180 crore share buyback, repurchasing nearly 5.49 lakh shares at ₹328 apiece, representing a 20% premium from the previous closing price. According to reports from The Economic Times, the buyback will be executed through the tender route on a proportionate basis for 2.41% of the company's total stake. This marks the company's first-ever share buyback in its corporate history.
As reported by The Economic Times, promoters and promoter group will not participate in the buyback, with the current ownership structure showing promoters holding 39% stake and public shareholders owning nearly 60% of the company. The company has constituted a 'Buyback committee' and appointed Centrum Broking as the buyback manager to oversee the process.
According to The Economic Times, May 18 (Monday) has been set as the record date to determine shareholder eligibility for the buyback. The record date will establish which shareholders can participate in the tender process, with the company having appointed Centrum Broking as the manager to facilitate the buyback execution.
As reported by The Economic Times, Onward Technologies shares have demonstrated mixed performance across different timeframes. The stock has gained more than 9% in one week and nearly 6% in one month, though it remains down 10% in 2026 so far. In longer-term performance, the shares have jumped 8% in one year and 122% in five years, but have fallen 36% in three years. The company currently maintains a market capitalisation of more than ₹607 crore with a P/E ratio of over 14.
