Onida board reshuffle: CFO quits, new CEO-MD and CFO appointed

Cfo ResignedKmp ResignedManagement Changes View source PDF

ONIDA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-2.7%1-day move

₹44.00

prior close

₹44.25

base price

After-mkt

timing

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+0.8+1.1+1.2—-2.7-3.4-2.3-4.5-7.8-11.4-12.6———

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AI summary

Board approved multiple changes effective July 4, 2026. Mr. Shirish Suvagia resigned as CFO and Whole Time Director. Mr. Gunjan Srivastava, already CEO since Feb 2026, formally appointed as CEO and Managing Director. Mr. Manish Desai joins as new CFO and Whole-time Director for 3 years. Mr. Kaval Mirchandani redesignated from MD to Whole-time Director. Mr. Jayesh Gandhi (ex-S.R. Batliboi partner) appointed as Independent Director for 5 years. Also approved 12,50,000 ESOPs to employees at 30% discount to June 25 close.

Likely market impact

Major leadership overhaul with smooth succession. New CFO and CEO-MD bring deep consumer/finance experience. ESOP grant aligns staff with shareholders.