Q2 brand revenue rose 65% to ₹150.4 Cr at a 17.7% brand margin; total revenue ₹198.6 Cr (+22%). Management is upbeat on festive demand but cautious on input costs and the unresolved West Asia situation, and is winding down OEM business.
Onida Electronics appointed Rajan Keshav Vaidya as Non-Executive Independent Director for 60 months, effective 14 November 2026. The appointment was approved at the 3 November 2026 board meeting.
Execution
60 months (Independent Director term, effective 14-11-2026)
Onida Electronics schedules a 3 November 2026 board meeting for Q2 and half-year results and ESOP share allotment. Trading window stays closed until 48 hours post-results.
Onida Electronics Ltd has filed its quarterly shareholding pattern as mandated under Regulation 31 of SEBI Listing Regulations. This disclosure provides the current shareholding breakdown.
Onida Electronics Ltd successfully conducted its 45th Annual General Meeting on September 23, 2026, via video conferencing, transacting all scheduled business items as planned.
Onida Electronics allotted 73,86,362 convertible warrants at ₹35.20 each, raising funds via a preferential issue. This capital event involves three investors.
Onida Electronics allotted 73,86,362 warrants to three public investors on a preferential basis. Each warrant is convertible into one equity share at ₹35.20 per unit.
Onida Electronics Limited has notified shareholders who have not registered email addresses about accessing the Annual Report and reminded them to complete mandatory KYC updates.
Onida Electronics will hold its 45th Annual General Meeting on September 23, 2026, via video conference. The agenda includes financial statements and director and auditor appointments.
Onida Electronics announced a mutual settlement with a workers' union at its Wada factory. Consequently, majority of the permanent workmen have tendered their resignations.
Onida reported Q1FY27 revenue of ₹182.4 Cr, up 29.5% YoY, driven by strong LED TV and AC sales. Gross margins improved to 17.3% despite a net loss of ₹14.2 Cr.
Onida is attempting a '2.0' turnaround with a new leadership team, shifting from a push to a pull brand strategy. While revenue grew 29.5% YoY, the company remains loss-making with an expanded net loss.
Onida Electronics Limited reported a 29.5% year-on-year revenue growth to ₹182.4 crore for Q1FY27. Performance was driven by strong demand in LED TV and Air Conditioner segments.
Onida Electronics Limited has allotted equity shares under its employee stock option (ESOP) scheme. This allotment increases the company's paid-up share capital.
Onida Electronics appointed Manish Desai as CFO and Jayesh Gandhi as Independent Director. Shirish Suvagia resigned as CFO, while CEO Gunjan Srivastava took an additional Director charge.
MIRC Electronics Limited has officially changed its name to Onida Electronics Limited. The change follows receipt of a fresh Certificate of Incorporation from the MCA.
MIRC Electronics granted 16,00,000 stock options to employees under its 2023 ESOP plan. Options vest after one year, supporting long-term employee retention and alignment.
Execution
Vesting period of minimum 1 year; exercise period of 2 years from vesting.
MIRC Electronics approved its FY2026 audited financial results and appointed M M Nissim & Co LLP as statutory auditors. The board meeting concluded at 7:22 p.m.
Mirc Electronics Ltd convened an EGM to approve a ₹65.99 Crore preferential warrant issue to thirteen investors. Warrants are exercisable into equity shares within 18 months.
MIRC Electronics Limited held an EOGM on April 29, 2026, where shareholders approved granting 2.95 crore stock options to CEO Mr. Gunjan Srivastava. Additionally, shareholders approved changing the company name to 'Onida Electronics Limited' to align corporate identity with its flagship brand.
MIRC Electronics Limited announced the outcome of its EGM held on April 29, 2026. Shareholders approved resolutions regarding the grant of ESOPs to CEO Mr. Gunjan Srivastava and a change in the company's name with requisite majority. The voting was conducted through remote e-voting and electronic voting during the meeting.