Onida Electronics 45th AGM resolutions pass with 99.99% votes
- All 10 resolutions at Onida Electronics' 45th AGM held on September 23, 2026 passed with 99.99% votes in favour
- Vijay Mansukhani (DIN: 01041809) was re-appointed as Chairman and Managing Director after retiring by rotation
- Kaval Mirchandani re-designated as Whole Time Director; Manish Desai and Gunjan Srivastava appointed as Whole-time Director and Managing Director respectively
- Jayesh Gandhi appointed as Independent Director; statutory auditors appointed and Cost Auditor remuneration for FY ending March 31, 2027 ratified
- Scrutinizer's report submitted by Nilesh Shah & Associates on September 24, 2026 with UDIN: F007175H001592651
*this image is generated using AI for illustrative purposes only.
Onida Electronics held its 45th Annual General Meeting on September 23, 2026, through video conferencing, with all 10 resolutions passing with 99.99% votes in favour, as confirmed by the scrutinizer's report submitted on September 25, 2026.
The company, formerly known as MIRC Electronics, transacted both ordinary and special business items outlined in the notice dated August 7, 2026. Remote e-voting was conducted from September 20 to September 22, 2026, with e-voting also available to shareholders present during the AGM. The record date for voting eligibility was September 16, 2026. Nilesh Shah & Associates, Practising Company Secretaries, represented by Mahesh Darji (Membership No. FCS 7175, CP No. 7809), served as the Scrutinizer for both the remote e-voting and AGM e-voting processes. The consolidated voting results were submitted on September 24, 2026.
Key governance resolutions passed
Shareholders approved the adoption of audited financial statements for the fiscal year ended March 31, 2026. Vijay Mansukhani (DIN: 01041809), who retired by rotation, was re-appointed as a director. Kaval Mirchandani (DIN: 01179978) was re-designated from Managing Director to Whole Time Director, with his remuneration package also approved.
Manish Desai (DIN: 09740266) was appointed as Director and subsequently as Whole-time Director and Key Managerial Personnel. Gunjan Srivastava (DIN: 06396248) was appointed as Director and Managing Director, serving as Key Managerial Personnel. Jayesh Gandhi (DIN: 00221855) was appointed as an Independent Director. The remuneration of Cost Auditors for the fiscal year ending March 31, 2027, was also ratified.
Consolidated voting results
The following table presents the consolidated results of remote e-voting and e-voting during the AGM across all 10 resolutions:
| Resolution | Description | Type | Votes in favour | % in favour | Votes against | % against |
|---|---|---|---|---|---|---|
| 1 | Adoption of audited financial statements for FY ended March 31, 2026 | Ordinary | 229012142 | 99.99 | 1738 | 0.01 |
| 2 | Re-appointment of Vijay Mansukhani (DIN: 01041809) as director | Ordinary | 229009272 | 99.99 | 4508 | 0.01 |
| 3 | Appointment of statutory auditors and fixation of remuneration | Ordinary | 229010551 | 99.99 | 3329 | 0.01 |
| 4 | Re-designation of Kaval Mirchandani (DIN: 01179978) as Whole Time Director and remuneration | Special | 229007314 | 99.99 | 6566 | 0.01 |
| 5 | Appointment of Manish Desai (DIN: 09740266) as Director | Ordinary | 229011157 | 99.99 | 2723 | 0.01 |
| 6 | Appointment of Manish Desai (DIN: 09740266) as Whole-time Director (KMP) and remuneration | Special | 228999194 | 99.99 | 14686 | 0.01 |
| 7 | Appointment of Gunjan Srivastava (DIN: 06396248) as Director | Ordinary | 229009814 | 99.99 | 4029 | 0.01 |
| 8 | Appointment of Gunjan Srivastava (DIN: 06396248) as Managing Director (KMP) and remuneration | Special | 229007814 | 99.99 | 6066 | 0.01 |
| 9 | Appointment of Jayesh Gandhi (DIN: 00221855) as Independent Director | Special | 229009772 | 99.99 | 4066 | 0.01 |
| 10 | Ratification of remuneration of Cost Auditors for FY ending March 31, 2027 | Ordinary | 228999200 | 99.99 | 15408 | 0.01 |
Meeting details and voting process
The AGM commenced at 3:30 pm and concluded at 4:03 pm. Four shareholders raised questions, which were addressed by the management before the Chairman thanked members for their continued support. The e-voting facility was provided by National Securities Depository Limited (NSDL). After the closure of e-voting at the AGM, the Scrutinizer unblocked the electronic votes in the presence of two witnesses not in the employment of the company. The Scrutinizer's report carries UDIN: F007175H001592651, dated September 24, 2026, from Mumbai.
Historical Stock Returns for Onida Electronics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.70% | -7.06% | -19.91% | -16.62% | -6.70% | +40.93% |
How will the leadership transition from Kaval Mirchandani to Gunjan Srivastava as Managing Director influence Onida Electronics' strategic direction and operational efficiency?
What specific growth initiatives or market expansions are expected under the new management structure, particularly with the appointment of Manish Desai as Whole-time Director?
How does the re-designation of the Managing Director role impact Onida Electronics' corporate governance profile and its compliance with SEBI regulations regarding Key Managerial Personnel?
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