MENONBE - Menon Bearings

CRISIL has reaffirmed Menon Bearings Limited's long-term credit rating at 'BBB+/Stable' and short-term rating at 'A2' for its Rs 20.96 crore bank facilities. The company demonstrated strong growth with FY25 revenue reaching Rs 241 crore and an estimated 20% year-on-year growth for FY26. Financial risk remains low with a gearing of 0.27x and a robust interest coverage ratio of 12.34x. While the company maintains healthy operating margins of 18-20%, it faces high revenue concentration in the cyclical automotive sector (80-90%).

• CRISIL reaffirmed Long-Term rating at 'BBB+/Stable' and Short-Term rating at 'A2' for Rs 20.96 crore facilities.
• Revenue increased to Rs 241 crore in FY25 from Rs 141 crore in FY21, with FY26 growth estimated at over 20%.
• Operating margins maintained at a healthy range of 18.65% to 20.39% over the last two fiscal years.
• Strong financial profile with a low gearing of 0.27x and interest coverage of 12.34x as of March 31, 2025.
• Adequate liquidity with expected annual cash accruals of over Rs 31 crore against debt obligations of ~Rs 9.5 crore.

Menon Bearings Limited has issued a postal ballot notice to seek shareholder approval for the appointment of Mr. Arun Aradhye as Managing Director for a five-year term. Mr. Aradhye, who has been serving as the Whole Time Director and CFO, is slated to take over the new role effective March 4, 2026. The proposed remuneration includes a fixed monthly component of ₹8.80 lakh plus additional perquisites like a 12% provident fund contribution. Shareholders can cast their votes electronically between April 10 and May 9, 2026, with results expected on May 12, 2026.

• Appointment of Mr. Arun Aradhye as Managing Director for a 5-year tenure starting March 4, 2026.
• Proposed fixed monthly remuneration of ₹8.80 lakh, covering salary, HRA, and various allowances.
• Additional benefits include company contribution to Provident Fund at 12% of salary and medical expense coverage.
• Remote e-voting period scheduled from April 10, 2026, to May 9, 2026, for all eligible shareholders.
• The transition represents an internal promotion as the candidate previously served as CFO and Whole Time Director.

Menon Bearings Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Registrar MUFG Intime India Private Limited, confirms that all dematerialization requests for the quarter ended March 31, 2026, were processed within the prescribed timelines. It verifies that security certificates were mutilated and cancelled after due verification, and the depositories' names were substituted in the register of members. This is a standard procedural filing ensuring the company remains in good standing with regulatory requirements.

• Compliance certificate submitted for the quarter ended March 31, 2026.
• Registrar MUFG Intime India confirmed processing of all dematerialization requests within regulatory timelines.
• Verification and cancellation of physical security certificates completed as per SEBI norms.
• Confirmation that securities are listed on the Stock Exchanges where earlier securities were listed.

Menon Bearings Limited has announced the re-appointment of Mr. Abhay Golwalkar as the company's Internal Auditor for the financial year 2026-27, starting April 1, 2026. Mr. Golwalkar is a seasoned Chartered Accountant with over 32 years of experience in auditing, taxation, and corporate advisory. This move is a routine compliance measure under Section 138 of the Companies Act, 2013, and SEBI Listing Regulations. The re-appointment ensures continuity in the oversight of the company's internal control systems and financial reporting processes.

• Re-appointment of Mr. Abhay Golwalkar as Internal Auditor for the 2026-27 financial year.
• The auditor possesses over 32 years of professional experience in auditing and corporate advisory.
• The appointment is effective from April 1, 2026, maintaining governance continuity.
• Mr. Golwalkar specializes in internal control systems, MIS, and merger/acquisition advisory.

Menon Bearings Limited has announced the closure of its trading window for all designated persons starting April 1, 2026. This is a mandatory regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's financial results. The closure pertains to the audited standalone and consolidated financial results for the quarter and financial year ending March 31, 2026. The window will reopen 48 hours after the board meeting results are officially declared.

• Trading window closure begins on Wednesday, April 1, 2026.
• Closure is in anticipation of Audited Standalone and Consolidated Financial Results for Q4 and FY26.
• The window will remain closed until 48 hours after the conclusion of the board meeting.
• The specific date for the board meeting to approve results will be announced separately.
• Compliance is maintained as per SEBI (Prohibition of Insider Trading) Regulations, 2015.

Menon Bearings Limited has announced its participation in the 'Kaptify Korporate Konnect' investor conference scheduled for March 18, 2026, in Mumbai. The company's management will engage with various investors and analysts through group and one-on-one meetings between 9:00 am and 6:00 pm. This interaction is being facilitated by their investor relations firm, Kaptify Consulting. The company has clarified that no unpublished price sensitive information (UPSI) will be shared during these discussions.

• Investor meeting scheduled for Wednesday, March 18, 2026, in Mumbai.
• Interaction format includes both group and one-on-one in-person meetings.
• Event organized by Kaptify Consulting under the 'Kaptify Korporate Konnect' banner.
• Discussions will be strictly based on publicly available information as per SEBI regulations.

Menon Bearings Limited has announced a leadership transition as long-standing Managing Director Mr. R.D. Dixit (82) resigns after 33 years in the role due to advanced age. The Board has appointed Mr. Arun Aradhye, the current CFO and Whole Time Director with over 15 years at the firm, as the new MD for a 5-year term. Additionally, Mr. Chandrakant Ghatge, who has 35 years of financial experience, has been named the new Chief Financial Officer. This internal succession plan aims to maintain operational continuity following the retirement of a veteran leader.

• Outgoing MD Mr. R.D. Dixit steps down at age 82 after 33 years of leadership and 59 years with the group.
• Mr. Arun Aradhye (69) appointed as Managing Director for a 5-year term effective March 4, 2026.
• Mr. Chandrakant Ghatge appointed as CFO, bringing over 35 years of experience in financial management.
• The transition is entirely internal, with the new MD having served as CFO and WTD since 2019.

Menon Bearings has announced a major leadership transition as long-standing Managing Director R. D. Dixit, aged 82, resigns after 33 years in the role. The Board has appointed Arun Aradhye, the current CFO and a 15-year veteran of the company, as the new Managing Director for a 5-year term effective March 4, 2026. Simultaneously, Chandrakant Ghatge, who has 35 years of financial experience, will take over as the Chief Financial Officer. This transition appears to be a planned internal succession aimed at maintaining operational continuity.

• R. D. Dixit (82) resigns as Managing Director effective March 3, 2026, after 33 years of leadership.
• Arun Aradhye (69) promoted from CFO to Managing Director for a 5-year term starting March 4, 2026.
• Chandrakant Ghatge appointed as the new CFO, bringing over 35 years of experience in financial management.
• The leadership changes are entirely internal, with both new appointees having prior tenure at the company.
• The transition follows a Board meeting held on March 3, 2026, ensuring a structured handover.

Menon Bearings has announced a significant leadership transition as long-standing Managing Director Mr. R. D. Dixit resigns effective March 3, 2026, citing his advanced age of 82. Mr. Arun Aradhye, the current CFO and Whole Time Director with over 15 years at the company, has been appointed as the new MD for a 5-year term starting March 4, 2026. Additionally, Mr. Chandrakant Ghatge, who has 35 years of financial experience, will take over as the Chief Financial Officer. This transition appears well-planned, promoting internal veterans to maintain operational continuity.

• Mr. R. D. Dixit resigns as MD after 33 years in the role and nearly 60 years with the Menon Group.
• Mr. Arun Aradhye (69) appointed as Managing Director for a 5-year term effective March 4, 2026.
• Mr. Chandrakant Ghatge appointed as the new Chief Financial Officer (CFO) starting March 4, 2026.
• New MD Arun Aradhye brings over 50 years of extensive experience in finance, production, and administration.
• Outgoing MD Mr. Dixit cited his age of 82 as the primary reason for stepping down to ensure organizational efficiency.

Menon Bearings has announced a significant leadership transition as Managing Director Mr. R. D. Dixit resigns effective March 3, 2026, after 33 years of service, citing his age of 82 years. The board has appointed Mr. Arun Aradhye, the current CFO and Whole Time Director with over 50 years of experience, as the new Managing Director for a 5-year term. Concurrently, Mr. Chandrakant Ghatge, who brings 35 years of financial management experience, has been appointed as the new Chief Financial Officer. This internal succession plan aims to maintain operational continuity and stability within the organization.

• Mr. R. D. Dixit resigns as Managing Director after 33 years of leadership due to advanced age (82 years).
• Mr. Arun Aradhye appointed as Managing Director for a 5-year term effective March 4, 2026.
• Mr. Chandrakant Ghatge appointed as Chief Financial Officer (CFO) effective March 4, 2026.
• New MD Arun Aradhye has over 50 years of experience and has been with the company for 15 years.
• New CFO Chandrakant Ghatge has over 35 years of experience in financial management and taxation.

Menon Bearings Limited has announced a major leadership transition as Mr. R. D. Dixit resigns from the post of Managing Director at age 82, after serving the company since its inception in 1993. To ensure continuity, the board has appointed Mr. Arun Aradhye, the current CFO and Whole Time Director with 15 years of experience at the firm, as the new MD for a five-year term. Simultaneously, Mr. Chandrakant Ghatge, who has been with the company since 2020 and possesses 35 years of financial experience, has been appointed as the new Chief Financial Officer. These changes are effective from March 4, 2026, and represent a planned internal succession strategy.

• Mr. R. D. Dixit resigned as Managing Director effective March 3, 2026, after 33 years of leadership since 1993.
• Mr. Arun Aradhye appointed as Managing Director for a 5-year term starting March 4, 2026.
• Mr. Chandrakant Ghatge appointed as Chief Financial Officer (CFO) effective March 4, 2026.
• Incoming MD Arun Aradhye has over 50 years of total experience and has been with Menon Bearings for 15 years.
• New CFO Chandrakant Ghatge brings over 35 years of experience in financial management and taxation.

Menon Bearings Limited has announced its participation in the Arihant Bharat Connect Virtual Conference: Rising Stars 2026. The event is scheduled for March 11, 2026, at 12:00 P.M. and will be conducted in a virtual group meeting format. The company stated that the discussions will be based on publicly available information and no unpublished price sensitive information will be shared. This meeting is part of the company's regular engagement with the analyst and institutional investor community.

• Scheduled virtual group meeting with investors and analysts on March 11, 2026, at 12:00 P.M.
• Participation in the 'Arihant Bharat Connect Conference: Rising Stars 2026' event.
• Management confirms that no unpublished price sensitive information (UPSI) will be discussed.
• The interaction is compliant with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Menon Bearings Limited has officially released the video recording of its earnings conference call held on January 16, 2026. The call focused on the company's un-audited standalone and consolidated financial performance for the third quarter and nine months ending December 31, 2025. This disclosure provides transparency into management's discussion regarding operational performance and future outlook. Investors can access the full recording via the link provided on the company's official website.

• Earnings conference call conducted on January 16, 2026, at 3:00 PM IST.
• Discussion covered un-audited financial results for Q3 and 9M FY26.
• Video recording link made available to the public for transparency and compliance.
• Disclosure submitted under Regulation 30 of SEBI (LODR) Regulations, 2015.