MIRC Electronics Limited has announced a significant leadership appointment, naming Mr. Gunjan Srivastava as Chief Executive Officer effective 1st February, 2026. The appointment was approved by the Board of Directors during their meeting held on 30th January, 2026, following recommendations from the Nomination and Remuneration Committee.

Board Meeting and Appointment Details

The Board meeting commenced at 03:08 PM and concluded at 3:40 PM on 30th January, 2026. The appointment was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Professional Background and Experience

Mr. Srivastava brings extensive leadership credentials to his new role at MIRC Electronics. He holds a B. Tech (Hons.) in Mechanical Engineering from IIT (BHU), Varanasi (1989), and an MBA from IIM Ahmedabad (1990–1992). His professional journey spans over 33 years across leading global consumer and technology-led brands.

Key Areas of Expertise

Mr. Srivastava's experience encompasses several critical business domains:

• Strategy development and implementation
• P&L leadership and management
• Go-to-market strategies
• Digital transformation initiatives
• Brand building and consumer marketing
• Operational excellence across multiple geographies

Recent Leadership Roles

Most recently, Mr. Srivastava served as Chief Executive Officer of BSH Home Appliances UK & Ireland for nearly six years. During his tenure, he successfully led the business through complex external challenges, including Brexit-related disruptions and post-pandemic market conditions.

Prior to his role at BSH, he held the position of Managing Director at Sennheiser Electronics India. His career also includes senior leadership positions across renowned organizations including Philips, Gillette, Wipro, and Apollo Healthcare, where he developed deep expertise in consumer marketing, sales and distribution, business management, and brand-led growth strategies.

Geographic Experience

Throughout his career, Mr. Srivastava has demonstrated his ability to drive profitable growth across diverse markets, with proven track records in:

• India
• Asia-Pacific region
• European markets

This extensive geographic experience positions him well to lead MIRC Electronics' strategic initiatives and growth plans in the competitive consumer electronics market.

MIRC Electronics Limited , the company behind the Onida brand, successfully completed its Extraordinary General Meeting (EOGM) on January 16, 2026, where shareholders approved key corporate actions including modification of the Employee Stock Option Plan and confirmation of the new statutory auditor appointment.

EOGM Resolutions and Shareholder Approvals

The EOGM held on January 16, 2026, resulted in shareholder approval for two significant corporate actions. The meeting addressed the modification of the MIRC Electronics Employee Stock Option Plan 2023 Scheme and formally ratified the appointment of M M Nissim & Co LLP as statutory auditors to fill the casual vacancy caused by ASA & Associates LLP's resignation.

Statutory Auditor Appointment Process

Shareholders passed a Special Resolution confirming the appointment of M M Nissim & Co LLP, Chartered Accountants, as statutory auditors. The Board of Directors had initially approved this appointment on December 11, 2025, subject to shareholder approval at the EOGM. The appointment fills the casual vacancy and ensures continuity in audit services.

Background of Auditor Transition

The auditor change was necessitated by the resignation of ASA & Associates LLP on November 14, 2025, citing persistent delays in receiving information from the company's management. The Audit Committee conducted comprehensive deliberations and confirmed that there were no pending issues or disputes with the outgoing auditors at the time of their resignation.

Profile of New Statutory Auditors

M M Nissim & Co LLP brings extensive experience to MIRC Electronics. Established in 1946, the firm is a multi-disciplinary professional services organization offering a wide spectrum of services to leading corporates, including multinationals across diverse sectors. The firm maintains a strong PAN-India presence with offices in Mumbai, Delhi-NCR, Kolkata, Chennai, and Bengaluru, and holds a valid Peer Review certificate issued by ICAI.

Regulatory Compliance and Disclosures

MIRC Electronics has made necessary disclosures to BSE and NSE under Regulation 30 of the SEBI (LODR) Regulations, 2015, ensuring full regulatory compliance. The company provided detailed information as required under SEBI Master Circular number SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, covering all aspects of the auditor change and ESOP modification. Chairman & Managing Director Vijay Mansukhani signed the regulatory filings on January 16, 2026.