Onida board reshuffle: new MD and CFO appointed, existing CFO exits

Cfo ResignedCeo Appointed ExternalKmp 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

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+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

Onida board approved several leadership changes effective July 4, 2026. Mr. Gunjan Srivastava, currently CEO since February 2026 (formerly CEO of BSH Home Appliances UK), gets additional charge as Managing Director. Mr. Kaval Mirchandani shifts from MD to Whole-time Director. Mr. Manish Desai, a Chartered Accountant with 30 years experience, joins as new CFO and Whole-time Director for 3 years. Mr. Jayesh Gandhi (ex-S.R. Batliboi partner) appointed Independent Director for 5 years. CFO Mr. Shirish Suvagia resigned effective July 3 to pursue AI learning. Board also granted 12,50,000 stock options to employees under ESOP 2023 at 30 percent discount to June 25 closing price.

Likely market impact

Significant leadership overhaul at Onida. New professional CEO-MD and experienced CFO bring global consumer and finance expertise, positive for governance. CFO exit mid-term needs monitoring.