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Rs 151.2 Cr Record Revenue: Onward Tech Q1 FY27 EBITDA Grows 20% QoQ
Onward Technologies reported its highest-ever quarterly revenue of Rs 151.2 crore in Q1 FY27, marking an 8.7% sequential growth and crossing the Rs 150 crore milestone. EBITDA margins improved by 113 bps to 12.3%, supported by a new Rs 33 crore contract win from a North American power management firm. The company expanded its strategic client base, with $1 million+ accounts increasing from 16 to 18. Management indicated that the current order book (ACV) has already surpassed the total revenue of the previous financial year, providing strong growth visibility.
Confidence: HIGH
What changedThe company reached a new revenue peak and improved operational leverage, supported by a significant new order win and a growing base of large-ticket clients.
Why it mattersThe results validate the company's strategic shift toward high-margin digital engineering and ER&D services, reducing reliance on single clients and improving overall business quality.
Q1 FY27 Revenue: Rs 151.2 crNew Order Value: Rs 33 crOrder vs TTM Revenue: 6.06%EBITDA Margin: 12.3%$1M+ Revenue Clients: 18
📅 Short termThe stock may see positive momentum following record revenue and margin expansion, alongside strong order book visibility.
📈 Long termThe transition to a digital engineering partner for global industrial enterprises and the scaling of offshore delivery models provide a structural growth path over the next 2-3 years.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Talent supply and high attrition in the engineering services sector
- Currency fluctuation risks affecting overseas revenue margins
Key Highlights
Achieved record quarterly revenue of Rs 151.2 crore, up 11.5% YoY and 8.7% QoQ.
Secured a new Rs 33 crore contract with a global power management company, representing approximately 6% of TTM revenue.
EBITDA grew 20% sequentially to Rs 18.4 crore, with margins expanding to 12.3%.
Increased the count of $1 million+ annual revenue customers from 16 to 18 during the quarter.
Management confirmed the current Annual Contract Value (ACV) has already exceeded the total revenue of the previous fiscal year.
👀 What to Watch
Watch for the execution of the new Rs 33 crore contract and the company's progress in scaling the Healthcare (HCLS) vertical, which management targets for 20-50% annual growth.
₹151.2 Cr Revenue in Q1 FY27; Onward Tech reports 11.5% YoY growth and ₹33 Cr contract win
Onward Technologies reported record quarterly revenue of ₹151.2 crore for Q1 FY27, an 11.5% YoY increase. While EBITDA grew 7.2% YoY to ₹18.4 crore, PAT saw a 12.3% YoY decline to ₹11.2 crore, though it recovered 16.9% on a sequential (QoQ) basis. A key highlight is the acquisition of a ₹33 crore contract for a global power management company, representing approximately 6.1% of TTM revenue. The company also successfully expanded its high-value client base, with 18 clients now billing over $1 million annually.
Confidence: HIGH
What changedThe company achieved record quarterly revenue and secured a significant new contract while completing a share buyback and increasing its count of large-scale clients.
Why it mattersThe results demonstrate resilient growth in the ER&D sector and the ability to scale existing client relationships despite a year-on-year dip in net profit margins.
Q1 FY27 Revenue: ₹151.2 CrNew Order Value: ₹33 CrOrder vs TTM Revenue: ~6.1%EBITDA Margin: 12.3%PAT (Q1 FY27): ₹11.2 Cr$1M+ Billing Clients: 18
📅 Short termThe stock may see positive sentiment driven by the revenue record and the specific ₹33 crore order win, offsetting the YoY PAT decline.
📈 Long termThe company is structurally pivoting toward high-margin digital engineering and AI services, with a focus on scaling international presence in North America and Europe.
⚠ Risk flags
- Talent supply and high attrition in the engineering services sector
- Currency fluctuation risks affecting overseas revenue
- Intense competition from larger ER&D peers
Key Highlights
Total Revenue reached a record ₹151.2 crore, up 11.5% YoY and 8.7% QoQ
Secured a ₹33 crore contract to establish a dedicated Offshore Development Center (ODC)
EBITDA margins expanded 113 bps sequentially to 12.3% in Q1 FY27
Number of clients billing over US$1 million increased to 18 from 16 in the previous quarter
Completed the Q1 FY27 share buyback programme during the period
👀 What to Watch
Watch for the execution timeline of the new ₹33 crore ODC contract and whether the sequential margin recovery can be sustained to meet the company's double-digit growth guidance for FY27.
₹149.4 Cr Revenue in Q1 FY27, Up 12.2% YoY; Net Profit at ₹11.2 Cr
Onward Technologies reported a 12.2% YoY revenue growth to ₹149.43 Cr for the quarter ended June 30, 2026, driven by strong performance in the USA market. However, Net Profit declined 12.3% YoY to ₹11.17 Cr, primarily due to an 11.3% increase in employee benefit expenses. The company completed an ₹18 Cr buyback during the quarter, extinguishing 2.41% of its equity. A legal dispute involving its US subsidiary remains a contingent liability, though management does not anticipate a probable loss.
Confidence: HIGH
What changedThe company reported its first-quarter results for FY27 and confirmed the completion and extinguishment of shares from its ₹18 Cr buyback program.
Why it mattersThe results demonstrate continued top-line momentum in the US ER&D market, but also highlight the margin pressure from talent costs and competition that the company faces as a mid-tier software player.
Revenue (Q1 FY27): ₹149.43 CrNet Profit (Q1 FY27): ₹11.17 CrBuyback Value vs Market Cap: ~2.8%USA Revenue Growth (YoY): 37.9%Employee Cost as % of Revenue: 73.1%
📅 Short termThe stock may see neutral to slightly cautious sentiment as the YoY profit decline offsets the healthy revenue growth and completed buyback.
📈 Long termStructural growth depends on scaling the HCLS vertical and AI engineering services to 500 international employees as planned by FY2027.
⚠ Risk flags
- High employee cost concentration (73% of revenue)
- Contingent liability from US subsidiary legal proceedings
- Intense competition in the ER&D sector limiting pricing power
Key Highlights
Revenue from operations grew 12.2% YoY to ₹149.43 Cr from ₹133.15 Cr.
USA market revenue surged 37.9% YoY to ₹50.42 Cr, now representing 33.7% of total revenue.
Net Profit recovered 17% on a QoQ basis to ₹11.17 Cr, though it remains lower than the ₹12.73 Cr reported in Jun 2025.
Completed buyback of 5,48,780 equity shares at ₹328 per share for a total of ₹18 Cr.
Employee benefit expenses rose to ₹109.26 Cr, accounting for 73.1% of total revenue.
👀 What to Watch
Monitor the company's ability to improve margins through its 'high-margin digital services' shift, as employee costs remain high. Watch for the resolution of the US subsidiary's legal proceedings disclosed in the notes.
Onward Tech Bags ₹33 Cr Engineering Services Contract for Data Center R&D
Onward Technologies Limited has secured a significant engineering services contract valued at ₹33 crore over a three-year period. The contract involves establishing a Dedicated Offshore Development Centre (ODC) for a leading global power management company. This ODC will focus on Engineering Research & Development (ER&D) specifically for the client's Data Center Segment. This win demonstrates Onward Tech's strengthening position in specialized engineering services and its ability to secure long-term recurring revenue.
Key Highlights
Total contract value of approximately ₹33 Crore to be executed over a 3-year tenure
Establishment of a Dedicated Offshore Development Centre (ODC) for a global power management major
Strategic focus on providing ER&D services for the high-growth Data Center Segment
The contract provides steady revenue visibility and strengthens the company's R&D portfolio
👀 What to Watch
This is a positive development providing long-term revenue visibility; investors should monitor the company's ability to scale its ODC model for other global clients.
Onward Technologies Bags ₹33 Crore Engineering Services Contract for Data Center ODC
Onward Technologies Limited (ONWARDTEC) has secured a significant engineering services contract worth ₹33 Crore from a leading global power management company. The contract involves establishing a Dedicated Offshore Development Centre (ODC) to support the client's Data Center Segment. The engagement is scheduled for a 3-year period, ensuring steady revenue flow for the company's ER&D division. This win underscores Onward's expertise in providing specialized R&D capacity for critical infrastructure sectors.
Key Highlights
Total contract value of approximately ₹33 Crore over a 3-year period.
Launch of a Dedicated Offshore Development Centre (ODC) for a global power management leader.
Focus on Engineering Research & Development (ER&D) services for the Data Center segment.
Contract awarded by a domestic entity of a global power management firm.
👀 What to Watch
This contract strengthens the order book and provides long-term revenue visibility; investors should monitor the company's ability to scale its ODC model for other global clients.
Onward Technologies Sets July 3 as Record Date for ₹8 Per Share Dividend
Onward Technologies Limited has fixed July 3, 2026, as the record date to determine shareholder eligibility for a final dividend of ₹8 per equity share for FY 2025-26. This dividend represents an 80% payout on the face value of ₹10 per share. The payout is subject to shareholder approval at the upcoming Annual General Meeting (AGM). Once approved, the dividend will be paid within 30 days of the declaration date.
Key Highlights
Dividend amount fixed at ₹8 per equity share with a face value of ₹10.
Record date for determining eligibility is Friday, July 3, 2026.
Dividend pertains to the full financial year 2025-26.
Payment will be processed within 30 days of approval at the ensuing AGM.
👀 What to Watch
Investors seeking to qualify for the ₹8 dividend should ensure they hold the stock prior to the ex-dividend date, which typically precedes the July 3 record date. Long-term investors should factor this 80% dividend payout into their yield calculations.
Onward Tech Sets July 16 for 35th AGM; Dividend Record Date Fixed for July 3, 2026
Onward Technologies Limited has scheduled its 35th Annual General Meeting for July 16, 2026, to approve the FY26 financial statements and a final dividend. The company has fixed July 3, 2026, as the record date for dividend eligibility, with payments to be processed within 30 days of the AGM. Significant management resolutions include the five-year re-appointment of Executive Chairman Harish Mehta and Managing Director Jigar Mehta starting May 2026. Proposed fixed salaries for FY27 are ₹1.42 crore for the Chairman and ₹2.00 crore for the MD, plus performance incentives capped at 150% of fixed pay.
Key Highlights
35th Annual General Meeting to be held on July 16, 2026, via Video Conferencing.
Record date for final dividend payment is July 3, 2026; cut-off for e-voting is July 9, 2026.
Re-appointment of MD Jigar Mehta for 5 years with a fixed salary of ₹2.00 crore for FY27.
Re-appointment of Executive Chairman Harish Mehta for 5 years with a fixed salary of ₹1.42 crore for FY27.
Remote e-voting period scheduled from July 13 (9:00 am) to July 15 (5:00 pm), 2026.
👀 What to Watch
Investors interested in the final dividend should ensure share ownership by the July 3 record date. Shareholders should also review the proposed management remuneration and re-appointments to ensure alignment with long-term performance goals.
Onward Technologies Completes Buyback; Extinguishes 5.48 Lakh Equity Shares
Onward Technologies Limited has successfully completed the extinguishment of 5,48,780 equity shares following its buyback via the tender offer route. This action has reduced the company's total issued share capital from 2,27,60,670 to 2,22,11,890 equity shares. Consequently, the promoter group's stake has increased from 39.07% to 40.02%. The buyback process concluded with the final extinguishment of dematerialized shares on June 11, 2026.
Key Highlights
Extinguished 5,48,780 equity shares of ₹10 each, representing approximately 2.4% of the pre-buyback capital.
Total paid-up share capital reduced from ₹22.76 crore to ₹22.21 crore post-extinguishment.
Promoter and Promoter Group shareholding increased by 0.95% to reach 40.02%.
The buyback was executed through the tender offer route with the tendering period ending May 29, 2026.
Company allotted 6,800 equity shares under the ESOP 2019 plan on May 19, 2026, during the buyback process.
👀 What to Watch
Investors should note the reduction in equity base which is likely to be EPS-accretive in future quarters. The increase in promoter holding signals management's confidence in the company's long-term value.
Onward Technologies Completes Buyback of 5.48 Lakh Equity Shares via Tender Offer
Onward Technologies Limited has issued a post-buyback public announcement following the completion of its share repurchase program. The company offered to buy back up to 5,48,780 equity shares on a proportionate basis through the tender offer route. This filing marks the final procedural step as per SEBI regulations, following the initial announcement in May 2026. The post-buyback advertisement was published in national and regional newspapers on June 09, 2026.
Key Highlights
Successfully completed the buyback of up to 5,48,780 equity shares.
The buyback was conducted via the tender offer route on a proportionate basis.
Post-buyback public advertisement published on June 09, 2026, in Financial Express, Jansatta, and Navshakti.
Compliance filing submitted under Regulation 24(vi) of the SEBI (Buy-Back of Securities) Regulations, 2018.
👀 What to Watch
Investors who participated in the tender offer should verify their demat accounts for the final settlement of shares and the credit of buyback proceeds. No further action is required as this marks the formal conclusion of the buyback process.
Onward Tech to Buy Back 5.48 Lakh Shares at ₹328/Share; Offer Opens May 22
Onward Technologies has finalized the Letter of Offer for its ₹18 crore buyback, targeting up to 5,48,780 equity shares. The buyback is priced at ₹328 per share and will be conducted through the tender offer route. The offer period is scheduled to run from May 22, 2026, to May 29, 2026, following the record date of May 18, 2026. This buyback represents approximately 7.49% of the company's consolidated paid-up capital and free reserves.
Key Highlights
Buyback of up to 5,48,780 shares at a fixed price of ₹328 per equity share.
Total buyback size is capped at ₹18 Crores, representing 7.49% of consolidated net worth.
Offer period is set from May 22, 2026, to May 29, 2026.
Indicative entitlement ratio for small shareholders is 39 shares for every 985 shares held (approx. 3.96%).
The buyback is being executed via the tender offer route through the stock exchange mechanism.
👀 What to Watch
Eligible shareholders as of the May 18 record date should evaluate the ₹328 offer price against the current market price and consider tendering shares before the May 29 deadline. Small shareholders may benefit from the reserved category entitlement.
Onward Technologies Announces ₹18 Crore Share Buyback at ₹328 Per Share
Onward Technologies Limited has announced a buyback of up to 5,48,780 equity shares through a tender offer route. The buyback price is set at ₹328 per share, which involves a total capital outlay of ₹18 crore. This move is intended to return surplus cash to shareholders and potentially improve financial ratios like EPS. Investors should monitor the announcement of the record date to determine eligibility for the tender process.
Key Highlights
Buyback of up to 5,48,780 fully paid-up equity shares of face value ₹10 each
Offer price fixed at ₹328 per share, payable in cash
Total aggregate buyback amount capped at ₹18,00,00,000 (₹18 crore)
Execution via the tender offer route on a proportionate basis
Public announcement published on May 14, 2026, following board approval on May 12
👀 What to Watch
Investors should compare the buyback price of ₹328 against the current market price to determine the potential arbitrage or exit premium. Eligible shareholders may consider tendering their shares if the offer price represents a significant premium over the prevailing market rate.
Onward Technologies Sets May 18, 2026, as Record Date for Share Buyback
Onward Technologies Limited (ONWARDTEC) has officially designated May 18, 2026, as the record date for its upcoming equity share buyback. This date will be used to identify eligible shareholders and determine their specific entitlement for the buyback offer. The announcement follows the company's adherence to SEBI Listing Obligations and Buy-Back Regulations. Buybacks typically represent a return of capital to shareholders and can signal management's confidence in the company's valuation.
Key Highlights
Record date for the proposed buyback is fixed for Monday, May 18, 2026.
The date determines the eligibility and entitlement of equity shareholders for participation.
The announcement was formally communicated to BSE and NSE on May 12, 2026.
The process is being conducted under SEBI (Buy-Back of Securities) Regulations, 2018.
👀 What to Watch
Investors seeking to participate in the buyback should ensure they hold the company's shares in their demat accounts by the record date. It is advisable to compare the buyback price with the current market price to assess the benefit of tendering shares.
Onward Tech Board Approves ₹18 Cr Buyback at ₹328/Share via Tender Offer
Onward Technologies has approved a buyback of up to 5,48,780 equity shares, representing 2.41% of the total paid-up capital. The buyback is priced at ₹328 per share, involving a total outlay of up to ₹18 crore. The transaction will be conducted via the tender offer route, providing a proportionate exit option for shareholders. Notably, the promoter group, which currently holds a 39.07% stake, will not be participating in this buyback.
Key Highlights
Buyback of up to 5,48,780 equity shares at a fixed price of ₹328 per share.
Total buyback size is capped at ₹18 crore, representing 2.41% of total paid-up capital.
The offer will be executed through the tender offer route on a proportionate basis.
Promoters and promoter group (39.07% holding) have opted not to participate in the offer.
Centrum Broking Limited has been appointed as the Manager to the Buyback.
👀 What to Watch
Investors should compare the ₹328 buyback price with the current market price to assess the potential premium. The non-participation of promoters is a positive signal and may lead to a higher acceptance ratio for retail shareholders.
Onward Tech Reports Record FY26 Revenue of ₹550 Cr and 72% PAT Growth; Hikes Dividend to ₹8
Onward Technologies delivered its strongest financial year in FY26, with revenue reaching ₹550 crores, a 10.5% Y-o-Y growth. The company achieved record EBITDA of ₹71.9 crores (up 60.9%) and PAT growth of 72.3% Y-o-Y, driven by strong operating leverage and a focus on high-margin digital engineering services. Management recommended its highest-ever dividend of ₹8 per share, backed by a record net cash position of ₹127.3 crores. The company reiterated its guidance for sustained double-digit revenue and EBITDA growth for the upcoming fiscal year.
Key Highlights
Annual revenue reached a record ₹550 crores with Q4 FY26 contributing ₹139 crores.
EBITDA surged 60.9% Y-o-Y to ₹71.9 crores, with gross margins hitting a record 13.2%.
PAT grew by 72.3% Y-o-Y, reflecting significant improvement in the quality of earnings.
Net cash and operating cash flows increased to a record ₹127.3 crores.
Employee attrition reached a record low of 14.85% while revenue per employee continues to trend upward.
👀 What to Watch
Investors should view the record financial performance and significant dividend hike as a sign of strong fundamental health and efficient capital allocation. The company's transition toward AI-led engineering services and its robust cash position provide a solid margin of safety for long-term growth.
Onward Tech FY26 Net Profit Jumps 63.7% to ₹44.3 Cr; Declares ₹8 Final Dividend
Onward Technologies reported a robust performance for FY26, with consolidated revenue from operations growing 10.7% YoY to ₹543.85 crore. The company's net profit witnessed a significant surge of 63.7%, reaching ₹44.32 crore compared to ₹27.08 crore in FY25. Reflecting strong cash generation, the Board recommended a final dividend of ₹8 per share. Additionally, the company ensured leadership continuity by re-appointing its Executive Chairman and Managing Director for five-year terms.
Key Highlights
Consolidated Net Profit for FY26 increased by 63.7% to ₹4,432.39 lakhs from ₹2,707.77 lakhs in FY25.
Annual Revenue from Operations grew 10.7% to ₹54,385.24 lakhs, driven by strong international performance.
Board recommended a final dividend of ₹8 per equity share (80% of face value) for FY26.
Basic Earnings Per Share (EPS) improved significantly to ₹19.60 from ₹11.97 in the previous fiscal year.
Re-appointed Harish Mehta as Executive Chairman and Jigar Mehta as Managing Director for 5-year terms.
👀 What to Watch
The significant expansion in profit margins and the healthy dividend payout signal strong operational efficiency and financial health. Investors may consider this a positive sign for long-term growth, though they should monitor the sustainability of international revenue growth.
Onward Tech FY26 PAT Surges 72% to ₹46.7 Cr; Dividend Hiked to ₹8 Per Share
Onward Technologies reported its strongest annual performance in FY26, with full-year revenue growing 10.5% to ₹550.9 crore. The company achieved significant margin expansion, with EBITDA rising 60.9% YoY to ₹71.9 crore and PAT increasing 72.3% to ₹46.7 crore. While Q4 FY26 PAT saw a year-on-year decline of 10.4% to ₹9.5 crore, the overall annual trajectory remains robust with an EBITDA margin of 13.2%. Reflecting strong cash flows, the Board has recommended an increased dividend of ₹8 per share.
Key Highlights
Record FY26 EBITDA of ₹71.9 crore, up 60.9% YoY with margins expanding 412 bps to 13.2%
Full-year PAT grew 72.3% YoY to ₹46.7 crore, excluding one-time exceptional items
Board recommended a record dividend of ₹8 per share, up from ₹5 in the previous year
Q4 FY26 revenue reached ₹139.0 crore, reflecting a 6.9% YoY growth
Top 25 clients contribute 88% of total revenues with a total headcount of 2,485 employees
👀 What to Watch
Investors should take note of the significant margin expansion and the company's 35.4% EBITDA CAGR over the last four years. The substantial dividend hike signals management's confidence in sustained cash flow and the resilient demand for ER&D services.
Onward Tech FY26 PAT Surges 72% to ₹46.7 Cr; Recommends Record ₹8 Dividend
Onward Technologies reported its strongest annual performance in FY26, with revenue growing 10.5% YoY to ₹550.9 crore and EBITDA rising 60.9% to ₹71.9 crore. The company achieved a record EBITDA margin of 13.2%, driven by operational leverage and cost discipline. Adjusted full-year PAT jumped 72.3% to ₹46.7 crore, supported by strong momentum in ER&D and digital engineering services. The Board recommended a record dividend of ₹8 per share, marking the 11th consecutive year of payouts.
Key Highlights
FY26 Revenue grew 10.5% YoY to ₹550.9 crore, with a 4-year CAGR of 15.3%
EBITDA surged 60.9% YoY to ₹71.9 crore, with margins expanding significantly to 13.2%
Adjusted PAT for FY26 increased by 72.3% to ₹46.7 crore compared to ₹27.1 crore in FY25
Recommended a record dividend of ₹8 per share; cash and bank reserves stood at ₹127.3 crore
Offshore engagement model contributed 70% of revenue, while the IEHM vertical remains the primary driver at 65%
👀 What to Watch
The company's significant margin expansion and consistent dividend history signal strong operational health. Investors should monitor the scaling of the offshore model and growth in the Transportation & Mobility segment for future upside.
Onward Tech Re-appoints Key Leadership for 5-Year Terms; Remuneration Revised
Onward Technologies has recommended the re-appointment of Executive Chairman Harish Mehta and MD Jigar Mehta for five-year terms effective May 14, 2026. The board also approved revised remuneration for a three-year period, subject to shareholder approval at the next AGM. Under Jigar Mehta's leadership since 2016, the company has scaled from 300 to over 2,500 employees globally. This move signals a commitment to long-term strategic continuity and growth through 2031.
Key Highlights
Re-appointment of Harish Mehta (Executive Chairman) and Jigar Mehta (MD) for 5 years until May 2031
Revised remuneration terms for both executives approved for a 3-year period starting May 2026
Company workforce grew from 300 to 2,500+ employees under the current MD's tenure since 2016
Appointments and remuneration are subject to shareholder approval at the ensuing AGM
👀 What to Watch
Investors should favor the continuity of the leadership team that has successfully scaled the business operations. Monitor the AGM notice for specific details on the revised remuneration structure to ensure alignment with shareholder interests.
Onward Technologies Recommends Final Dividend of ₹8 Per Share for FY26
The Board of Directors of Onward Technologies Limited has recommended a final dividend of ₹8 per equity share for the financial year ended March 31, 2026. This announcement follows the board meeting held on May 5, 2026. The dividend distribution is contingent upon the approval of shareholders at the upcoming Annual General Meeting. This payout demonstrates the company's intent to share profits with its investors after the close of the fiscal year.
Key Highlights
Recommended a final dividend of ₹8 per equity share for FY 2025-26
Decision finalized during the Board meeting held on May 5, 2026
Payout is subject to shareholder approval at the ensuing Annual General Meeting
The announcement complies with Regulation 30 of SEBI Listing Regulations
👀 What to Watch
Investors should monitor the announcement of the record date to ensure eligibility for the ₹8 per share dividend. Long-term investors may view this as a positive sign of the company's cash flow health.
Onward Tech Recommends ₹8 Dividend; Re-appoints Chairman & MD for 5-Year Terms
Onward Technologies has announced its audited financial results for FY26, receiving a clean, unmodified opinion from auditors BSR & Co. LLP. The Board has recommended a significant final dividend of ₹8 per equity share, representing an 80% payout on the face value of ₹10. Crucially, the company has ensured leadership continuity by re-appointing both the Executive Chairman and Managing Director for five-year terms. These actions signal strong management confidence and a commitment to returning value to shareholders.
Key Highlights
Recommended a final dividend of ₹8 per equity share for the financial year ended March 31, 2026.
Re-appointed Executive Chairman Harish Mehta for a five-year term effective May 14, 2026.
Re-appointed Managing Director Jigar Mehta for a five-year term effective May 14, 2026.
Statutory auditors issued an unmodified opinion on both Standalone and Consolidated financial results.
Re-appointed two Independent Directors, Dhanpal Jhaveri and Jai Diwanji, for three-year terms.
👀 What to Watch
Investors should find the high dividend payout and management stability encouraging for long-term holding. The leadership continuity is particularly positive given the Managing Director's track record of scaling the workforce from 300 to over 2,500 employees.
