MIRC ELECTRONICS LTD.

Onida Electronics Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's internal code. The window will be shut for directors, designated employees, and other covered individuals from October 1st, 2026, until 48 hours after the declaration of the un-audited financial results for the second quarter and half-year ended September 30th, 2026. The exact date of the board meeting to approve these results will be communicated later. Designated persons are advised against trading company securities during this period.

Onida Electronics Limited (formerly MIRC Electronics) has approved the allotment of 73,86,362 warrants convertible into equity shares on a preferential basis. The warrants are priced at ₹35.20 each, aggregating ₹6.50 crore. The company has received 25% of the issue price, ₹8.80 per warrant, from the allottees: Resonance Opportunities Fund, Nexta Enterprises LLP, and Aamara Capital Private Limited. This allotment does not immediately change the company's issued share capital. The preferential issue was approved by shareholders on June 8, 2026, and received in-principle approvals from stock exchanges on September 1, 2026.

Onida Electronics Ltd (formerly MIRC Electronics Ltd) has communicated to its members, who have not registered their email addresses, a weblink to access the Annual Report for FY 2025-26. This action complies with SEBI (LODR) Regulations, 2015. The 45th Annual General Meeting (AGM) is scheduled for September 23, 2026, via Video Conferencing. The company also reminded shareholders to update KYC details, including PAN, address, and bank information, as mandated by SEBI, to ensure eligibility for payments like dividends. Shareholders holding physical securities are particularly urged to update their details to avoid electronic payment restrictions from April 1, 2024.

Onida Electronics Ltd has announced its 45th Annual General Meeting (AGM) will be held on Wednesday, September 23, 2026, at 3:30 p.m. IST via Video Conferencing (VC)/Other Audio Visual Means (OAVM). The company will present the audited financial statements for the fiscal year ended March 31, 2026, along with the Directors' and Auditors' reports. Key agenda items include the adoption of financial statements, the re-appointment of a director retiring by rotation, and the appointment of Statutory Auditors. The Register of Members and Share Transfer Book will be closed from September 16 to September 23, 2026, inclusive. Remote e-voting will be available from September 20 to September 22, 2026.

Onida Electronics Ltd has announced that its 45th Annual General Meeting (AGM) will be held on Wednesday, September 23, 2026, at 3:30 p.m. IST. The meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The company will present the audited financial statements for the fiscal year 2025-2026, along with the reports of the Board of Directors and Auditors. Key agenda items include the adoption of financial statements, the appointment of a director retiring by rotation, and the appointment of statutory auditors. The Register of Members and Share Transfer Book will be closed from September 16 to September 23, 2026, inclusive. Remote e-voting will be available from September 20 to September 22, 2026.

Onida Electronics Ltd has announced a mutual settlement with a permanent workers' union at its Kudus, Wada, Palghar District, Maharashtra factory. As a result, a majority of permanent workmen have tendered their resignation from the company's services, agreeing to the settlement terms. This action is aligned with the company's present business objectives and is being disclosed in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Onida Electronics Limited (formerly MIRC Electronics Limited) announced its unaudited financial results for Q1 FY27, reporting a healthy top-line growth of 29.5% year-on-year to ₹182.4 crore. This growth was primarily driven by strong performance in LED Televisions and Air Conditioners, which saw 56.8% and 39.2% year-on-year growth respectively. The company also reported an improvement in overall gross margin to 17.3% from 16.3% in Q1 FY26, attributed to a favorable product mix. Total income increased by 30.6% to ₹184.8 crore. The company also completed its corporate name change to Onida Electronics Limited. The net loss for the quarter was ₹14.2 crore, compared to ₹12.5 crore in the prior year.

Onida Electronics Ltd announced its unaudited financial results for the first quarter ended June 30, 2026. The Board of Directors approved these results along with the Limited Review Report from M/s. M M Nissim & Co LLP. Additionally, the company approved the allotment of 1,35,480 equity shares pursuant to the exercise of employee stock options under the Onida Electronics Employee Stock Option Plan, 2023. This allotment increases the company's paid-up equity share capital to ₹36,95,27,844.

Onida Electronics (formerly MIRC Electronics) reported a Q1 FY27 standalone net loss of ₹14.18 Cr on revenue of ₹182.41 Cr, unaudited figures reviewed by M M Nissim & Co LLP. Revenue grew 29.5% YoY (₹140.85 Cr in Q1 FY26) and 26.9% QoQ (₹143.81 Cr in Q4 FY26) — the strongest topline print in this comparison set — but the loss itself widened 13.5% YoY from ₹12.49 Cr. YoY profit trailed YoY revenue growth, so the headline is a bigger loss on a bigger revenue base, not an improving bottom line. As a share of sales the loss did narrow marginally, to -7.8% of revenue from -8.8% a year ago, purely because revenue outran the loss increase. The QoQ picture looks far better on the surface — loss down from ₹47.36 Cr — but that comparison is skewed: Q4 FY26 carried a ₹31.79 Cr exceptional charge that isn't present this quarter. Strip that out and Q4's core pre-tax loss was ₹15.57 Cr, close to this quarter's ₹14.18 Cr pre-tax loss, so most of the QoQ 'recovery' is the absence of a one-off rather than an operating turnaround. On the cost side, purchase of contract-manufactured goods more than doubled YoY to ₹197.07 Cr from ₹73.75 Cr, alongside a ₹70.48 Cr swing into inventory build (versus a ₹22.55 Cr inventory drawdown a year ago) — together these point to an outsourcing/contract-manufacturing-led sales mix this quarter, with raw-material consumption up only marginally (₹19.17 Cr vs ₹18.54 Cr YoY). No tax was recorded, consistent with continuing losses, and basic/diluted EPS came in at -₹0.38 versus -₹0.54 a year ago. We found no analyst previews or consensus estimates for this stock — it carries no visible sell-side coverage — so the print can't be graded against street numbers. The company also has no formal quarterly guidance on record; the only forward marker on file is an April 2026 EGM-approved ESOP grant tied to cumulative EBITDA targets of ₹100 Cr for FY27-FY30 and ₹400 Cr for FY27-FY32 — a four-year target that one quarter of results can't yet be judged against, and the company remains EBITDA-negative today. Separately, the quarter carried several corporate-governance developments: the completed legal rename from MIRC Electronics to Onida Electronics, the appointment of Manish Desai as CFO (July 3, 2026) alongside the resignation of whole-time director Shirish Suvagia, and a fresh 3.11 Cr-option ESOP grant to employees — none of which map directly onto this quarter's P&L but set up leadership-continuity questions for coming quarters.

Onida Electronics Ltd has announced a Board of Directors meeting scheduled for August 7, 2026. The primary agenda is to consider and approve the unaudited financial results for the first quarter ended June 30, 2026, along with the limited review report. Additionally, the board will discuss the allotment of equity shares under the MIRC Electronics Employee Stock Option Plan, 2023. The trading window for designated persons will remain closed until 48 hours after the results are declared.