Onward Technologies Limited — Important, 14-08-2025: General Updates

Onward Technologies' US subsidiary faces a court order in Illinois concerning alleged wage non-payment, imposing an initial award of USD 414,439 in damages and USD 1,752.69 in costs. This amounts to approximately 3.45 Cr, plus ongoing 5% monthly penalties on certain unpaid wages. The company is reviewing legal options, including an appeal. Currently, management assesses no material financial impact on its consolidated statements.