Board approves ₹13,10,40,000 investment in OCRPS of wholly-owned subsidiary OT Park via rights issue

Board approved investing up to ₹13,10,40,000 in up to 1,05,000 1% Optionally Convertible Redeemable Preference Shares of OT Park Private Limited, its wholly-owned subsidiary, at ₹1,248 per OCRPS via a rights issue.

Mon 28 Sep 2026

Investment Amount

₹13,10,40,000

Number of OCRPS

up to 1,05,000

Issue Price per OCRPS

₹1,248

Face Value per OCRPS

₹10

Subsidiary

OT Park Private Limited (wholly-owned)

What was approved

The Board approved an investment of up to ₹13,10,40,000 by subscribing to up to 1,05,000 1% Optionally Convertible Redeemable Preference Shares (OCRPS) of OT Park Private Limited, a wholly-owned subsidiary, pursuant to a rights issue.

Pricing

• Face value ₹10 per OCRPS, issue price ₹1,248 per OCRPS
• Consideration is in cash

About the subsidiary

• OT Park Private Limited is engaged in ownership, management and leasing of infrastructure and workplace facilities; industry classified as real estate / property holding
• Authorised share capital ₹40,00,000; paid-up share capital ₹ 25,37,500 across 2,53,750 equity shares of ₹10 each
• Audited turnover ₹ 237.98 Lakhs

Purpose

Proceeds are proposed to be used for OT Park's business requirements, including strengthening long-term operating infrastructure and workplace facilities for Onward Technologies, plus general corporate purposes.

Points to note

• Being a wholly-owned subsidiary, OT Park is a related party, so this is a related party transaction
• The Company will continue to retain control over OT Park as a wholly-owned subsidiary
• No governmental or regulatory approvals are stated as applicable; completion is upon applicable corporate and statutory formalities

For investors, this is an internal capital allocation to a group entity holding workplace infrastructure, rather than an external acquisition.

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