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

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

ONIDA · price

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Price reactionminutes from the announcement price · days from the prior close

+0.3%Reaction day

₹44.00

prior close

₹44.25

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%+0.1% vs market

On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

+1.1

15m

+1.2

30m

+1.2

Sessions after the filingfrom the prior close

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Reaction day

+0.3+0.2+0.1

Next day

-2.7-0.5-2.2

-3.4-2.5-0.9

-2.3-0.6-1.7

-4.5+0.7-5.3

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15d

-12.6-0.2-12.4

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-29.0+3.7-32.7

UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.