Board of directors in its meeting appointed M/s Anikhindi and Co. as Cost Auditors for FY 26-27 and Prof. Sonakwade as Additional Non Executive Director W.E.F. from 14.05.2026
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Menon Bearings Ltd held its Board meeting on May 14, 2026, approving audited financial results for Q4 and FY ended March 31, 2026. Standalone revenue grew 30.82% to Rs 22,010.35 Lakhs with PAT up 61.87% at Rs 3,262.95 Lakhs. Consolidated revenue rose 23.16% to Rs 30,024.35 Lakhs with PAT up 53.41% at Rs 3,825.14 Lakhs. EPS improved to Rs 6.83 (consolidated) from Rs 4.45 YoY. The Board also appointed M/s A. G. Anikhindi & Co as Cost Auditors for FY 2026-27 and appointed Prof. (Dr.) Rajendra Girjappa Sonkawade as Additional Non-Executive Director. The new director is a Senior Professor of Physics at Shivaji University, Kolhapur, with a Ph.D. and Post-Doctoral Diploma from BARC. Audit reports have unmodified opinion.
Strong financial performance with over 50% PAT growth should be positive for shareholders. The appointment of an academic as Non-Executive Director adds independent expertise to the board, though his appointment is till the next AGM.