
Management Change3 Jul 2026, 10:30 pm
Onida Electronics: Shirish Suvagia resigns as Whole Time Director
AI Summary
Onida Electronics Ltd announced the resignation of Mr. Shirish Suvagia from his positions as Whole Time Director and Chief Financial Officer, effective July 3, 2026. The Board of Directors acknowledged his contributions. Concurrently, the company approved several key appointments and changes, including Mr. Jayesh Gandhi as Additional Independent Director, Mr. Kaval Mirchandani's designation change, and Mr. Gunjan Srivastava's appointment as Additional & Managing Director and CEO. Mr. Manish Desai has been appointed as the new Chief Financial Officer and Whole-time Director. The company also approved the grant of Employee Stock Options.
Key Highlights
- Shirish Suvagia resigns as Whole Time Director and CFO.
- Board approves appointment of Jayesh Gandhi as Independent Director.
- Gunjan Srivastava appointed Additional & Managing Director and CEO.
- Manish Desai appointed CFO and Whole-time Director.
- Employee Stock Options approved for eligible employees.
Price Impact
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