Updates

September 17, 2026 Ref. No. 47/2026-2027 BSE Limited National Stock Exchange of India Limited P.J. Towers, Dalal Street. Exchange Plaza, C-1, Block G, Mumbai-400 001. Bandra Kurla Complex, Bandra (East), Mumbai – 400051 Scrip Code – 500279 Symbol – ONIDA Through: BSE Listing Centre Through: NEAPS Sub: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Allotment of 73,86,362 Warrants convertible into equal number of Equity Shares on Preferential Basis. Respected Sir/Madam, Pursuant to Regulation 30 read with Part A of Schedule III of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”), we hereby inform you that, in accordance with the approval of the shareholders of Onida Electronics Limited (Formerly known as MIRC Electronics Limited) (the Company) at the Extra-Ordinary General Meeting held on 08th June, 2026 and pursuant to the in-principle approvals received from the BSE Limited and National Stock Exchange of India Limited, dated 01st September, 2026, the Finance Committee of the Board of Directors of the Company, at its meeting held on 17th September, 2026, approved the allotment of 73,86,362 (Seventy Three Lakhs Eighty-Six Thousand Three Hundred Sixty-Two) warrants (“Warrants”) convertible into equal number of Equity Shares of Re.1/- each at a price of ₹ 35.20/- (Rupees Thirty-Five and Twenty Paise) per warrant, aggregating to ₹ 6,49,99,985.60 /- (Rupees Six Crore Forty Nine Lakhs Ninety-Nine Thousand Nine Hundred Eighty Five and Sixty Paise Only) to the following investors (Category- Public) on a preferential basis: No of Sr. No Name Warrants Category 1 Resonance Opportunities Fund 28,40,909 Public 2 Nexta Enterprises LLP 42,61,363 Public 3 Aamara Capital Private Limited 2,84,090 Public Total 73,86,362 The Company has received 25% of the Warrant Issue Price, i.e., ₹ 8.80/- per warrant, aggregating to ₹ 6,49,99,985.60 /- (Rupees Six Crore Forty-Nine Lakhs Ninety-Nine Thousand Nine Hundred Eighty-Five and Sixty Paise Only), as the Warrant Subscription amount payable in respect of the Warrants from the aforesaid allottees, pursuant to which the Finance Committee has made the allotment of the Warrants. ONIDA ELECTRONICS LIMITED (Formerly known as MIRC Electronics Limited) Regd. Office: Onida House, G-1, M.I.D.C, Mahakali Caves Road, Andheri (East), Mumbai-400 093. Tel.: +91-22-6697 5777 CIN No.: L32300MH1981PLC023637. Website: www.onida.com Since the securities allotted pursuant to the present preferential issue are Warrants, the allotment of the Warrants does not result in any change in the issued, subscribed and paid-up equity share capital of the Company at this stage. The details as required under SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/ I/3762/2026 dated January 30, 2026, are enclosed herewith as Annexure - I. for Onida Electronics Limited (formerly known as MIRC Electronics Limited) Vijay Mansukhani Chairman & Managing Director DIN: 01041809 Encl: - As above ONIDA ELECTRONICS LIMITED (Formerly known as MIRC Electronics Limited) Regd. Office: Onida House, G-1, M.I.D.C, Mahakali Caves Road, Andheri (East), Mumbai-400 093. Tel.: +91-22-6697 5777 CIN No.: L32300MH1981PLC023637. Website: www.onida.com Annexure - I. Details on Preferential Allotment in terms of Regulation 30 of Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 Sr. No Particulars Details 1 Type of securities proposed to be 73,86,362 Warrants, convertible into equal allotted/issued number of fully paid-up Equity Share of the Company each having a face value of ₹1/- each 2 Type of Issuance Preferential Issue 3 Total number of securities Allotment of 73,86,362 (Seventy Three Lakhs proposed to be allotted/issued or Eighty-Six Thousand Three Hundred Sixty- the total amount for which the Two) Warrants convertible into equal number securities will be issued of Equity Shares at a face value of Re. 1/- (Rupees Ten) per share at the issue price of Rs. 35.20/- (Rupees Thirty-Five Rupees Twenty Paise Only) per warrant, aggregating up to Rs. 25,99,99,942.40 /- (Rupees Twenty-Five Crore Ninety Nine Lakhs Ninety Nine Thousand Nine Hundred Forty Two and Forty Paise Only) on a preferential basis. The warrant holders have made payment of 25% of the issue price as per terms of the issue. 4 Name of the Allottees As per the list mentioned above 5 Post allotment of securities * Outcome of subscription (No. of Shares) on a outcome of the subscription, issue fully diluted basis assuming conversion of all price/allotted price (in case of warrants: convertibles), number of investors Category Pre Post Promoter/ 14,96,51,769 14,96,51,769 Promoter’s Group Public 21,98,76,075 22,72,62,437 Non- 0 0 Promoter Non-Public Total 369527844 37,69,14,206 Issue Price: Rs. 35.20/- (Rupees Thirty-Five Rupees Twenty Paise Only) per warrant as per the provisions of Regulation 164(1) of the SEBI (ICDR) Regulations, 2018 The number of Investors is 3 (Three). *“Post-preferential shareholding has been calculated assuming full conversion of all 73,86,362 Warrants into an equal number of Equity Shares. The Warrants allotted on 17th ONIDA ELECTRONICS LIMITED (Formerly known as MIRC Electronics Limited) Regd. Office: Onida House, G-1, M.I.D.C, Mahakali Caves Road, Andheri (East), Mumbai-400 093. Tel.: +91-22-6697 5777 CIN No.: L32300MH1981PLC023637. Website: www.onida.com September 2026 do not form part of the issued, subscribed and paid-up equity share capital until conversion.” 6 In case of convertibles-intimation The rights attached to Warrants may be on conversion of securities or on exercised by the Warrant Holder(s), in one or lapse of the tenure of the more tranches, at any time on or before the instrument expiry of 18 months, from the date of allotment of the Warrants. In the event the Warrant Holder(s) do not exercise the right attached to the Warrant(s) within 18 months from the date of allotment of the Warrants, such unexercised Warrant(s) shall lapse, and the amount paid by the Warrant Holder(s) in respect of such Warrants at the time of subscription/allotment shall stand forfeited by the Company. ONIDA ELECTRONICS LIMITED (Formerly known as MIRC Electronics Limited) Regd. Office: Onida House, G-1, M.I.D.C, Mahakali Caves Road, Andheri (East), Mumbai-400 093. Tel.: +91-22-6697 5777 CIN No.: L32300MH1981PLC023637. Website: www.onida.com