Outcome of Board Meeting

OWNER'S PRIDE November 03, 2026 Ref. No. 56/2026-27 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 Dear Sir/Madam, Sub: Outcome of the Meeting of Board of Directors held on November 03, 2026 Ref: Regulation 30 and other applicable regulations of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations. 2015 (‘SEBI LODR’ / 'Listing Regulations"). Pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), we hereby inform you that the Board of Directors of the Company at its Meeting held today i.e. Tuesday, November 03, 2026, inter alia, considered and approved the following matters: 1. Unaudited Financial Results for the second quarter and half year ended September 30, 2026 along with the Limited Review Report by M/s. M M Nissim & Co LLP, Statutory Auditors of the Company are enclosed herewith as Annexure A. 2. Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the appointment of Mr. Rajan Vaidya (DIN: 02791536) as an Additional Director (Independent Director) of the Company for a consecutive term of five (5) years with effect from November 14, 2026, subject to the approval of the Members of the Company. Details required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026 is enclosed as Annexure -B. 3. Mr. Arvind Sharma (DIN: 01229072) would complete his term as an Independent Director on November 13, 2026 and consequently will cease to be the Independent Director of the Company with effect from November 13, 2026. OWNER'S PRIDE 4. Approved the grant of 4,00,000 Employee Stock Options to the eligible employees of the Company under the MIRC Electronics Employee Stock Option Plan, 2023, in accordance with the terms of the said Plan and applicable laws. Details required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026 is enclosed as Annexure - C 5. Allotment of 22,060 (Twenty-Two Thousand Sixty Only) Equity Shares of Re. 1/- (Rupee One Only) each pursuant to the exercise of vested Employee Stock Options by the eligible employee(s) under the MIRC Electronics Employee Stock Option Plan, 2023 at an exercise price of Rs. 14.10/- (Rupees Fourteen and Ten Paise Only) per Equity Share. Consequent to the aforesaid allotment, the paid-up Equity Share Capital of the Company stands increased to Rs. 36,95,49,904/- (Rupees Thirty Six Crores Ninety Five Lakhs Forty Nine Thousand Nine Hundred and Four Only) divided into 36,95,49,904 (Thirty Six Crores Ninety Five Lakhs Forty Nine Thousand Nine Hundred and Four Only) Equity Shares of Re. 1/- (Rupee One Only) each. Details required under Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 and Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is enclosed as Annexure D. 6. Noted the Statement of deviation or variation for second quarter and half year ended September 30, 2026, duly reviewed and approved by the Audit Committee at its meeting held on November 03, 2026 is enclosed as Annexure 1 Details required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026 is enclosed as Annexure E & Annexure 1. 7. The Board the approved the shifting ofr egistered office from Onida House, G-1, Mahakali Caves Road, Chakala MIDC, Andheri (East) Mumbai, - 400093 to 2™¢ Floor, Opus Centre, 47, Central Road, MIDC, Andheri East Mumbai - 400093 within the local limits of the same city where the registered office of the Company is presently situated, with effect from 16™ November, 2026. 8. The Notice of the Extra-Ordinary General Meeting (EGM) of the Company to be held on Friday, 05th February, 2027 to seek necessary approval of the members, for the matters mentioned in the Notice of EGM. OWNER'S PRIDE The meeting of the Board of Directors commenced at 4:50 p.m. and concluded at 7:55 p.m. You are requested to kindly take the same on record. Thanking you. for Onida Electronics Limited (formerly known as MIRC Electronics Limited) Vijay Mansukhani Chairman & Managing Director DIN: 01041809 Encl: - As above Annexure A ONIDA ELECTRONICS LIMITED (Formerly known as Mirc Electronics Limited) Regd. Office : Onida House, G-1, MIDC, Mahakali Caves Road, Andheri (East), Mumbai - 400093 CIN No. : L32300MH1981PLCO023637. Website : www.onida.com Unaudited Financial Results for the Quarter and Half year ended 30th September, 2026 (Rs. In Lakhs) Quarter ended Half year ended Year ended Sr. No. Particulars 30.09.2026 30.06.2026 30.09.2025 | 30.09.2026 | 30.09.2025 | 31.03.2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited Income 1 Revenue from operations 19,864 18,241 16,331 38,105 30,416 66,001 2 Other Income 91 241 183 332 247 1,082 3 Total Income (1+2) 19,955 18,482 16,514 38,437 30,663 67,083 Expenses a. Cost of raw materials and components consumed 3,151 1,917 3321 5,068 5175 8,675 b. Purchase of Contract Manufactured goods 9,523 19,707 6,952 29,230 14,327 36,169 C. (Increase) / decrease in inventories of finished goods, 100 (7,048) (1,705) (6,048) 550 (1,791) work-in-progress and Contract Manufactured goods d. Project bought outs and other direct costs 4,799 515 6,540 5314 6,841 14,372 e. Employee benefits expense 2,299 1,924 1,355 4,223 2,728 5439 f. Finance cost 303 346 523 649 870 1,639 9. Depreciation and amortisation expense 178 170 164 348 326 649 h. Other expenses 2,783 2,369 1,598 5,152 3,329 8,033 4 Total Expenses 23,136 19,900 18,748 43,036 34,146 73,185 5 |Profit/ (Loss) before tax (3-4) (3,181) (1,418) (2,234) (4,599) (3,483) (6,102) (] Exceptional items (refer note 4) (803) - 2,056 (803) 2,056 (1,372) 7 |Profit/ (Loss) after exceptional item and before tax (5+6) (3,984) (1,418) (178) (5,402) (1,427) (7.474) 8 Tax Expense - - - - 9 Profit / (Loss) after tax (7-8) (3,984) (1,418) {178) (5,402) (1,427) (7,474) 10 Other Comprehensive Income ltems that will not be reclassified to Profit or Loss 6 7 (27) 13 (54) 26 11 | Total Comprehensive Profit / (Loss) (9+10) (3,978) (1,411) (205) (5,389) (1,481) (7,448) 12 Paid Up Equity Share Capital (face value of Re.1/- each) 3,697 3,606 2,808 3,697 2,808 3,606 13 | Other equity 20,082 14 Earnings Per Share*” (face value of Re.1/- each) - in Rupees Basic and Diluted - before exceptional item (0.84) (0.38) (0.80) (1.24) (1.24) (2.00) Basic and Diluted - after exceptional item (1.08) (0.38) (0.086) (1.48) (0.51) (2.45) * Not annualised for the quarters. ONIDA ELECTRONICS LIMITED (Formerly known as Mirc Electronics Limited) Statement of Assets and Liabilities as at 30th September 2026 (Rs. In Lakhs) As at 30th September, 2026 As at 31st March, 2026 Particulars Unaudited Audited Assets SHGE Non-current assets 1 Property, plant and equipment 6,820 6,814 2 Capital work-in-progress - 48 3 Right of use assets 376 365 4 Other intangible assets 10 8 5 Financial assets a. Others 591 403 :] Income tax assets (net) 405 491 7 Other non-current Assets 1,632 1,727 Total non-current assets 9,834 S5 5 9,856 Current assets 8 Inventories 21,303 14,117 9 Financial assets a. Investments - 4,452 b. Trade Receivables 13,756 13,732 c. Bank balances 2,439 2,380 d. Cash and cash equivalents 428 1,347 e. Others 347 268 10 Other current assets 6,814 6,210 Total current assets 45,087 42,506 Total assets 54,921 52,362 Equity and liabilities Equ [Showing first 8,000 characters — download PDF for full document]