Onida Electronics: new CEO-MD appointed, CFO exits, ESOPs granted

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.

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-2.7%1-day move

₹44.00

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₹44.25

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AI summary

Onida Electronics appointed Mr. Gunjan Srivastava as CEO and Managing Director from July 4, 2026. He has been serving as CEO since February 2026 and earlier led BSH Home Appliances UK. Mr. Shirish Suvagia resigned as Whole-time Director and CFO, citing plans to upskill in AI. Mr. Manish Desai replaces him as CFO and WTD for three years. Kaval Mirchandani moved from MD to WTD. Jayesh Gandhi joins as Independent Director for five years. Board also approved grant of 12.5 lakh ESOPs to employees under the 2023 plan.

Likely market impact

Leadership overhaul at Onida. New external CEO-MD brings global consumer brand experience. CFO exit is voluntary with replacement ready. ESOP grant may cause slight share dilution.