Onida Electronics: CFO exits, new MD and CFO appointed, ESOPs granted
ONIDA · price
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Onida Electronics board approved major leadership changes effective July 4, 2026. Gunjan Srivastava, CEO since Feb 2026, elevated to CEO and Managing Director. Manish Desai joins as CFO and Whole-time Director. Jayesh Gandhi appointed Independent Director for 5 years. Kaval Mirchandani moved from MD to Whole-time Director. Shirish Suvagia resigned as CFO and Whole-time Director to pursue AI studies. Board also granted 12,50,000 ESOPs at 30 percent discount to June 25 closing price.
CFO exit may cause short-term uncertainty, but new MD from global consumer brands and CFO with 30 years experience signal strategic reset.