Onida Electronics Approves Q1 Financial Results and Allots Shares via Employee Stock Option Plan
Onida Electronics Limited announced material updates following its Board of Directors meeting held on August 7, 2026. The Board approved the unaudited financial results for the first quarter ended June 30, 2026, alongside a limited review report by M/s. M M Nissim & Co LLP. Crucially, the Board also sanctioned the allotment of Equity Shares resulting from the exercise of vested Employee Stock Options under the Onida Electronics Employee Stock Option Plan, 2023.The allotment involved 1,35,480 Equity Shares of Re. 1/- each to eligible employees. The shares were allotted at an exercise price of Rs. 14.10 per Equity Share.
Following this transaction, the paid-up Equity Share Capital of the company increased to Rs. 36,95,27,844/-, comprising 36,95,27,844 Equity Shares of Re. 1/- each.
The unaudited financial results for the quarter ended June 30, 2026, reflect a Total Income of Rs. 18,482 in Lakhs, against Total Expenses of Rs. 19,900 in Lakhs. The result before tax stood at (Rs. 1,418) in Lakhs.
Key Financial and Capital Metrics
The following table details the allotment and resulting capital structure:| Metric | Value |
|---|---|
| Shares Allotted via ESOP | 1,35,480 Equity Shares |
| Exercise Price per Share | Rs. 14.10 |
| Paid-up Equity Capital (Post-Allotment) | Rs. 36,95,27,844/- |
Financial Performance Snapshot (Q1 Ended June 30, 2026)
The company's operational results for the quarter are detailed in the consolidated figures:| Particulars | Unaudited Results (Rs. In Lakhs) |
|---|---|
| Revenue from Operations | 18,241 |
| Other Income | 241 |
| Total Income | 18,482 |
| Cost of Raw Materials and Components Consumed | 1,917 |
| Total Expenses | 19,900 |
| Profit/Loss Before Tax | (1,418) |
Operational Updates
The company also confirmed that it completed the process of changing its name from MIRC Electronics Limited to Onida Electronics Limited during the quarter. Furthermore, management noted that the company had granted 3,11,00,000 Employee Stock Options (ESOPs) to eligible employees under the Company's Employee Stock Option Scheme during the period.ONIDA Stock Price Movement
Onida Electronics Limited shares rallied on Friday, edging up 3.30% to close at ₹38.38. The stock settled with a traded volume of 361,438 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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