Onward Technologies Limited — Important, 23-12-2024: General Updates

The Board of Onward Technologies Limited has initiated a Postal Ballot process to seek shareholder approval for the adoption of the Onward Employee Stock Option Scheme 2024 (ESOS 2024). Shareholders listed in the Register of Members as of the cut-off date of December 20, 2024, will be eligible to vote on the resolutions associated with this scheme. The company has appointed Nilesh A. Pradhan & Co. LLP as the Scrutinizer to oversee the Postal Ballot process. This initiative could enhance employee engagement and retention, potentially boosting long-term performance and shareholder value. Investors should watch closely as the approval of the scheme could signify a commitment to strengthening the company’s workforce incentives.