StockWatch
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Consumer Electronics
Management Change3 Jul 2026, 10:40 pm

Manish Desai Appointed CFO of Onida Electronics Ltd

AI Summary

Onida Electronics Ltd announced the appointment of Mr. Manish Desai as the new Chief Financial Officer (CFO) and Key Managerial Personnel, effective July 04, 2026. This change follows the resignation of Mr. Shirish Suvagia from the CFO position. Mr. Desai's appointment is part of a broader board meeting that also approved the appointment of Mr. Jayesh Gandhi as an Additional Director (Independent Director), a change in designation for Mr. Kaval Mirchandani, and the appointment of Mr. Gunjan Srivastava as Chief Executive Officer and Additional & Managing Director. The company also approved the grant of 12,50,000 Employee Stock Options.

Key Highlights

  • Manish Desai appointed as CFO and Key Managerial Personnel.
  • Appointment effective from July 04, 2026.
  • Shirish Suvagia resigns as CFO and Whole Time Director.
  • Board also approved other key management changes.
  • 12,50,000 ESOPs granted to employees.