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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 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 Ltd reported revenue from operations of ₹182.4 Cr (+29.5% YoY) and a net loss of ₹14.2 Cr for Q1 FY27.