MIRC Electronics Approves ESOP Grant and Name Change

MIRC Electronics EOGM approved grant of 2.95 crore ESOPs to CEO Gunjan Srivastava under the MIRC Employee Stock Option Plan 2023.
Shareholders approved changing company name to Onida Electronics Limited to align corporate identity with flagship brand.
Time-based ESOPs vest over 5 years from FY27 to FY31, while performance-based vest on achieving EBITDA targets.
Name change effective upon issuance of fresh Certificate of Incorporation by Registrar of Companies.