Onida Electronics

Onida Electronics Ltd has restructured its top leadership with the appointment of Gunjan Srivastava as Chief Executive Officer and Additional & Managing Director, effective July 04, 2026. The Board of Directors also approved the grant of 12,50,000 Employee Stock Options to eligible employees under the MIRC Electronics Employee Stock Option Plan, 2023. These leadership changes and the ESOP grant are subject to the approval of the Members of the Company. *this image is generated using AI for illustrative purposes only. Onida Electronics Ltd has restructured its top leadership with the appointment of Gunjan Srivastava as Chief Executive Officer and Additional & Managing Director, effective July 04, 2026.

The Board of Directors also approved the grant of 12,50,000 Employee Stock Options to eligible employees under the MIRC Electronics Employee Stock Option Plan, 2023. These leadership changes and the ESOP grant are subject to the approval of the Members of the Company. The Board approved the appointment of Mr. Jayesh Gandhi (DIN: 00221855) as an Additional Director (Independent Director) for a consecutive term of five years. Mr. Gandhi is a Fellow Chartered Accountant with over four decades of experience in audit, assurance, and corporate governance.

He has previously served on the boards of companies such as Sanofi Pharma and ICICI Home Finance. Mr. Gunjan Srivastava (DIN: 06396248), who has been serving as the Chief Executive Officer since February 01, 2026, was appointed as the Chief Executive Officer and Additional & Managing Director. He brings over 33 years of experience across global consumer and technology-led brands, having previously led BSH Home Appliances UK & Ireland. The Board approved a change in designation for Mr. Kaval Mirchandani (DIN: 01179978) from Managing Director to Whole-time Director, effective July 04, 2026.

Mr. Mirchandani will continue to serve for the remainder of his existing term. Mr. Shirish Suvagia (DIN: 10095690) resigned from the positions of Whole Time Director and Chief Financial Officer effective from the close of business hours on July 03, 2026. The Board recorded its appreciation for his contributions. To fill the vacancy, the Board appointed Mr.