Onida Electronics Board Approves Director Appointments and ESOP Grant

Onida Electronics Ltd announced outcomes from its Board Meeting held on July 3, 2026. Key decisions include the appointment of Mr. Jayesh Gandhi as Additional Independent Director for five years, and Mr. Gunjan Srivastava as Chief Executive Officer and Additional & Managing Director. The company also approved the change in designation of Mr. Kaval Mirchandani from Managing Director to Whole-time Director. Mr. Manish Desai was appointed as Chief Financial Officer and Whole-time Director. The Board noted the resignation of Mr. Shirish Suvagia as Whole Time Director and CFO. Additionally, 12,50,000 Employee Stock Options were approved under the MIRC Electronics Employee Stock Option Plan, 2023. All appointments are subject to member approval.