Menon Bearings Ltd

Reg 29(2) disclosure: Menon Bearings

• Target Company: Menon Bearings Limited.
• Disclosing Parties: Nitin Menon and promoter group (MUPL, Aditya, Anshul, Sucheta).
• Transaction Type: Sale of shares by sellers and acquisition by promoter group.
• Pre-Transaction Holding: Nitin R Menon 1,54,43,454 (27.56%).
• Pre-Transaction Holding: Promoter group combined 68.44%.
• Shares carrying voting rights sold: 9,96,909 (1.77%).
• Mode: Open Market.
• Post-Transaction Holding: Nitin Menon 1,54,43,454 (27.56%).
• Post-Transaction Holding: Menon United Private Limited 1,36,19,800 (24.30%).
• Post-Transaction Holding: Aditya Nitin Menon 28,94,978 (5.17%).
• Post-Transaction Holding: Anshul Nitin Menon 28,94,978 (5.17%).
• Post-Transaction Holding: Sucheta Nitin Menon 25,05,055 (4.47%).
• Date(s) of Transaction: 18.09.2024 to 14 August 2026.
• Share Capital Context: Before: 5,60,40,000; After: 5,60,40,000.
• Total diluted share capital after: 5,60,40,000.

AGM Details

• Date, time, mode: 6 Aug 2026 at 11:00 AM, via VC/OAVM.
• Venue deemed: Registered Office; remote e-voting facility available.

Key Resolutions

• Resolution 1 (Ordinary): Adoption of standalone and consolidated financial statements.
• Resolution 2 (Ordinary): Noting interim dividend of Rs 2 per equity share.
• Resolution 3 (Ordinary): Re-appointment of Mr. Nitin Menon as Director.
• Resolution 4 (Ordinary): Ratification of remuneration payable to Cost Auditors for FY 2027.
• Resolution 5 (Ordinary): Appointment of Mr. Rajendra Girjappa Sonkawade as Non-Executive Non-Independent Director.

Voting Results

• Resolution 1: Passed with requisite majority.
• Resolution 2: Passed with requisite majority.
• Resolution 3: Passed with requisite majority.
• Resolution 4: Passed with requisite majority.
• Resolution 5: Passed with requisite majority.
• All five ordinary resolutions approved; no substantial dissent recorded.

Dividend

• Interim dividend of Rs 2 per equity share noted as paid for FY2026.

Directors Changes

• Nitin Menon re-appointed as Director (retired by rotation).
• Rajendra Girjappa Sonkawade appointed as Non-Executive Non-Independent Director.

Auditor Arrangements

• Remuneration payable to Cost Auditors ratified for FY 2027.

Material Related Party Transactions

• No material related-party transactions approved.

AGM Details

• Date and time: 6 August 2026, 11:00 A.M.; concluded 11:40 A.M.; held through VC/OAVM.

Attendance & Venue

• Quorum: 70 members attended via VC/OAVM.

Resolutions

• Adopt audited standalone and consolidated financial statements for FY2025-26.
• Take note of interim dividend paid for FY2025-26.
• Re-appointment of Mr. Nitin Menon by rotation as director.
• Ratify remuneration to Cost Auditors for FY2026-27.
• Appointment of Mr. Rajendra Girjappa Sonkawade as Non-Executive Non-Independent Director.

Dividend

• Interim dividend paid for FY2025-26 noted (no amount disclosed).

Director Changes

• Re-appointment of Nitin Menon as director by rotation.
• Appointment of Rajendra Girjappa Sonkawade as Non-Executive Non-Independent Director.

Auditors & Remuneration

• Cost Auditors’ remuneration ratified for FY2026-27.

Voting Results

• Voting outcomes not disclosed in the filing.

Meeting Details

• Date: 5 August 2026; Time: not specified.
• Type: Group Meeting; Interaction: Plant Visit and Management Meet.
• Mode: Physical; Venue: Kolhapur.
• Organizer: Kaptify (IR firm).
• Purpose: Analyst/investor interaction with management.
• Key participant: Company Secretary & Compliance Officer.

Meeting Details

• Date & time: 17 July 2026, 2:00 p.m. IST
• Format: Earnings conference call (virtual)
• Purpose: Discuss unaudited standalone and consolidated results for quarter ended June 30, 2026
• Recording: Video/Audio recording hosted on company website

Participants

• Key company participant: Company Secretary and Compliance Officer
• External participants: Investors/Analysts

Meeting Details

• Date and time: 17 July 2026 at 2:00 p.m. IST.
• Meeting type and mode: group earnings conference call, virtual.
• Event: Earnings Conference Call for Q1 FY27.
• Organiser: Menon Bearings Limited.

Participants

• Key company participant: Company Secretary and Compliance Officer.

Purpose

• Discuss unaudited standalone and consolidated results for quarter ended 30 June 2026.

Additional Notes

• Video recording available on the company website.
• No transcript mentioned.

Financial results

• Unaudited standalone and consolidated results for quarter ended 30 June 2026 approved.
• Limited Review Reports from statutory auditors received.

Dividend declared

• Interim dividend for FY 2026-27 at Rs 2.00 per equity share (face value Rs 1).

Dividend timing

• Record date fixed at 22 July 2026; payment to shareholders 27 July to 4 August 2026.

Financial results approved

• Approved unaudited standalone and consolidated results for quarter ended 30 June 2026.
• Limited Review Reports from statutory auditors accompany the results.

Dividend declaration and payment details

• Declared interim dividend for FY2026-27 of Rs 2.00 per equity share.
• Record date fixed at 22 July 2026.
• Dividend payment window: 27 July to 4 August 2026.