Onida Electronics allots 73.86 lakh preferential warrants for up to ₹26 crore

Onida Electronics’ Finance Committee approved the allotment of 73,86,362 warrants convertible into an equal number of equity shares at ₹35.20 per warrant to three public-category investors. The company received the 25% warrant subscription amount of ₹6.50 crore; the warrants could convert into 73,86,362 shares, but there is no immediate change in paid-up equity capital.

Shares are issued to named investors at a set price, diluting existing holders and changing who sits on the register.

• Who the allottees are
• Issue price versus market price
• Lock-in period on the new shares
• We remain focused on product innovation, delivering differentiated consumer experiences, enhancing operational (management committed by FY27)
• Healthy growth in the branded business, supported by strong demand for LED televisions and Air Conditioners, a (management committed by FY27)