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Onward Technologies has released its latest shareholding reports, covering the quarter and the first half of the fiscal year ending on (Q1-Jun 2024-2024).This detailed report examines who owns shares, including Promoters, promoter groups, Foreign investors, public investors, and government entities.
Shareholder Name |
Previous Quater Quantity(In Crores) |
Current Quater Quantity(In Crores) |
Previous Quater Shares(in %) |
Current Quater Shares(in %) |
Quater to Quater Difference |
Promoters |
0.86 |
0.86 |
38.12 |
38.02 |
-0.1 % |
Public |
1.39 |
1.40 |
51.71 |
52.75 |
+1.04 % |
DII
|
0.17 |
0.17 |
7.66 |
7.59 |
-0.07 % |
FII
|
0.06 |
0.04 |
2.51 |
1.64 |
-0.87 % |
Government
|
0 |
0 |
0 |
0 |
0 |
Promoters’ shareholding decreased from 38.12% in March 2024 to 38.02% in June 2024. This reduction indicates that the promoters’ control over Company has weakened during this period.The percentage of shares held by the public increased from 51.71% in March 2024 to 52.75% in June 2024.This change suggests that the public’s investment in the company grew during the quarter.Domestic Institutional Investor’s (DII) shareholding decreased slightly from 7.66% in March 2024 to 7.59% in June 2024 , indicating that domestic institutions reduced their -0.07 stake in the company.FIIs (Foreign Institutional Investors) shareholding decreased from 2.51% in March 2024 to 1.64% in June 2024 ,indicating that foreign institutions reduced their investments by 1.5% in the company during the quarter. This suggests a pullback in their investment .
Let’s look into the statistics of the investors, which could have contributed to the fluctuations in the shareholding pattern.
Shareholder Name |
Previous Quarter Quantity (In crores) |
Current Quarter Quantity (In crores) |
Previous Quarter Shares (in %) |
Current Quarter Shares (in %) |
Quarter-to-Quarter Difference (%) |
Prachi Mehta |
0.015 |
0.015 |
0.67 |
0.66 |
-0.01 % |
Jhm Enterprises Private Limited |
0 |
0.760 |
0 |
33.65 |
+33.65% |
JHM Enterprises Private Limited (formerly known as Onward Software Technologies Private Limited) |
0.760 |
0 |
33.74 |
0 |
-33.74% |
Prachi Mehta faced a downturn in stakeholding this quarter, witnessing a decline of -0.01 % in stakeholding compared to the previous quarter.Jhm Enterprises Private Limited had no shares in the previous quarter but now holds 33.65% of shares in the current quarter.JHM Enterprises Private Limited (formerly known as Onward Software Technologies Private Limited) had 33.74% of shares in the previous quarter but exited in the current quarter.
Shareholder Name |
Previous Quarter Quantity (In Crores) |
Current Quarter Quantity (In Crores) |
Previous Quater Shares (in %) |
Current Quater Shares (in %) |
Quater-to-Quater Difference (%) |
Resident Individuals holding nominal share capital up to Rs. 2 lakhs |
0.430 |
0.478 |
19.11 |
21.19 |
+ 2.08 % |
Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs |
0.180 |
0.172 |
8.01 |
7.61 |
-0.4 % |
Non Resident Indians (NRIs) |
0.021 |
0.026 |
0.93 |
1.16 |
+ 0.23 % |
Foreign Companies |
0.390 |
0.390 |
17.32 |
17.27 |
-0.05 % |
Infinity Direct Holdings |
0.390 |
0.390 |
17.32 |
17.27 |
-0.05 % |
Bodies Corporate |
0.085 |
0.066 |
3.75 |
2.93 |
-0.82 % |
Any Other (specify) |
0.054 |
0.054 |
2.4 |
2.38 |
-0.02 % |
Clearing Members |
0.000 |
0.000 |
0.01 |
0 |
-0.01 % |
HUF |
0.042 |
0.046 |
1.88 |
2.04 |
+ 0.16 % |
LLP |
0.011 |
0.008 |
0.51 |
0.33 |
-0.18 % |
Jainam Broking Limited |
0.023 |
0 |
1.03 |
0 |
-1.03% |
Leading the way to higher stakeholding, Resident Individuals holding nominal share capital up to Rs. 2 lakhs has significantly boosted stakeholding by an impressive 2.08 %.Observations show a significant difference of -0.4 % in Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs’s financial performance between quarters.Leading the way to higher stakeholding, Non Resident Indians (NRIs) has significantly boosted stakeholding by an impressive 0.23 %.Observations show a significant difference of -0.05 % in Foreign Companies’s financial performance between quarters.Observations show a significant difference of -0.05 % in Infinity Direct Holdings’s financial performance between quarters.Observations show a significant difference of -0.82 % in Bodies Corporate’s financial performance between quarters.Observations show a significant difference of -0.02 % in Any Other (specify)’s financial performance between quarters.Observations show a significant difference of -0.01 % in Clearing Members’s financial performance between quarters.Leading the way to higher stakeholding, HUF has significantly boosted stakeholding by an impressive 0.16 %.Observations show a significant difference of -0.18 % in LLP’s financial performance between quarters.Jainam Broking Limited had 1.03% of shares in the previous quarter but exited in the current quarter.
Shareholder Name |
Previous Quarter Quantity (In Crores) |
Current Quarter Quantity (In Crores) |
Previous Quater Shares (in %) |
Current Quater Shares (in %) |
Quater-to-Quater Difference (%) |
Mutual Funds/ |
0.093 |
0.092 |
4.11 |
4.07 |
-0.04 % |
Icici Prudential Technology Fund |
0.044 |
0.044 |
1.97 |
1.96 |
-0.01 % |
Whiteoak Capital Flexi Cap Fund |
0.048 |
0.047 |
2.13 |
2.1 |
-0.03 % |
Alternate Investment Funds |
0.005 |
0.004 |
0.2 |
0.18 |
-0.02 % |
Insurance Companies |
0.075 |
0.075 |
3.34 |
3.33 |
-0.01 % |
Kotak Mahindra Life Insurance Company Ltd. |
0.075 |
0.075 |
3.34 |
3.33 |
-0.01 % |
Mutual Funds/ decreased their stake from 4.07% in the previous quarter to 4.11% in the current quarter.It describes a decrease in stakes over consecutive quarters, specifically by -0.04 %.Icici Prudential Technology Fund decreased their stake from 1.96% in the previous quarter to 1.97% in the current quarter.It describes a decrease in stakes over consecutive quarters, specifically by -0.01 %.Whiteoak Capital Flexi Cap Fund decreased their stake from 2.1% in the previous quarter to 2.13% in the current quarter.It describes a decrease in stakes over consecutive quarters, specifically by -0.03 %.Alternate Investment Funds decreased their stake from 0.18% in the previous quarter to 0.2% in the current quarter.It describes a decrease in stakes over consecutive quarters, specifically by -0.02 %.Insurance Companies decreased their stake from 3.33% in the previous quarter to 3.34% in the current quarter.It describes a decrease in stakes over consecutive quarters, specifically by -0.01 %.Kotak Mahindra Life Insurance Company Ltd. decreased their stake from 3.33% in the previous quarter to 3.34% in the current quarter.It describes a decrease in stakes over consecutive quarters, specifically by -0.01 %.
Shareholder Name |
Previous Quarter Quantity (In Crores) |
Current Quarter Quantity (In Crores) |
Previous Quater Shares (in %) |
Current Quater Shares (in %) |
Quater-to-Quater Difference (%) |
Foreign Portfolio Investors Category I |
0.052 |
0.030 |
2.32 |
1.32 |
-1 % |
Foreign Portfolio Investors Category II |
0.004 |
0.007 |
0.18 |
0.32 |
+ 0.14 % |
Stakeholding dwindled by -1 % for Foreign Portfolio Investors Category I in comparison to the preceding quarter.During this past quarter, there was a noteworthy upswing in stakeholding for Foreign Portfolio Investors Category II, which experienced a significant increase of 0.14 % .
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