Onida Electronics Approves Directorate Changes and ESOP Grant

Onida Electronics Ltd announced significant changes in its directorate following a Board Meeting on July 3, 2026. Key appointments include Mr. Jayesh Gandhi as Additional Director (Independent), Mr. Gunjan Srivastava as Chief Executive Officer and Additional & Managing Director, and Mr. Manish Desai as Chief Financial Officer and Whole-time Director. Mr. Kaval Mirchandani's designation changed from Managing Director to Whole-time Director. The company also noted the resignation of Mr. Shirish Suvagia as Whole Time Director and Chief Financial Officer. Additionally, the Board approved the grant of 12,50,000 Employee Stock Options under the MIRC Electronics Employee Stock Option Plan, 2023. These changes are subject to necessary member and regulatory approvals.