Menon Bearings Ltd. Announces 35th Annual General Meeting and Confirms Director Appointments
Menon Bearings Limited has scheduled its 35th Annual General Meeting (AGM) for Thursday, August 6, 2026, to review financial performance, approve management decisions, and address key directorial appointments. The AGM will be held via Video Conferencing or other Audio Visual Means, allowing members to participate remotely.The meeting is set to transact several ordinary business items, including the adoption of both the Audited Standalone Financial Statements and the Audited Consolidated Financial Statements for the financial year ended March 31, 2026. Members will also take note of an interim dividend of Rs. 2/- (or 200%) per Equity Share, which was declared on July 25, 2025.
One key action item involves re-appointing Mr. Nitin Menon as a Director following his retirement by rotation, in accordance with the Companies Act, 2013.
Directors and Appointments
The AGM agenda includes both an ordinary business decision regarding cost auditors' remuneration and a special resolution for a new appointment. The company intends to ratify the remuneration of M/s. A.G. Anikhindi & Co., Cost Accountants, Kolhapur (FRN: 100049), amounting to Rs. 75,000/- plus applicable taxes and out-of-pocket expenses for conducting the audit of cost records for the financial year ending March 31, 2027.Furthermore, the company will seek member approval for the appointment of Prof. (Dr.) Rajendra Girjappa Sonkawade (DIN: 11713166) as a Non Executive Director. Mr. Sonkawade was appointed as an Additional Director on May 14, 2026, and is liable to retire by rotation at the forthcoming AGM.
The company holds both directors in high regard for their experience in the industrial sector.
| Particulars | Mr. Nitin Menon | Prof. (Dr.) Rajendra Girjappa Sonkawade |
|---|---|---|
| Designation | Executive Chairman | Additional Director |
| DIN | 00692754 | 11713166 |
| Experience Summary | Over 31 years in the Automobile Sector. | Extensive experience in academics, scientific research, and institutional governance. |
| Shares Held (as of March 31, 2026) | 1,54,43,454 Equity Shares | Nil |
| Terms | Liable to retire by rotation | Liable to retire by rotation |
The board also presented an explanatory statement regarding the appointment of the Cost Auditors and the recommendation for Prof. (Dr.) Rajendra Girjappa Sonkawade, noting that neither he nor his relatives were financially or otherwise concerned in these resolutions.
Meeting Details Summary
| Detail | Information |
|---|---|
| Company | Menon Bearings Limited |
| AGM Date | Thursday, August 6, 2026 |
| Time | 11:00 A.M. IST |
| Meeting Mode | Video Conferencing / Audio Visual Means |
| Interim Dividend Noted | Rs. 2/- (200%) per Equity Share |
| Cost Auditor Remuneration | Rs. 75,000/- plus taxes for FY ending March 31, 2027 |
MENONBE Stock Price Movement
Shares of Menon Bearings Limited slipped slightly today, settling at ₹171.53 after shedding 0.01% in post-market trading. The equity traded within a daily range defined by the high of ₹180.00 and the low of ₹170.00, with 31,922 shares recorded in volume.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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