Menon Bearings Limited has informed the Exchange about Shareholders meeting
MENONBE · price
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Awaiting price reaction for this filing.
Menon Bearings Limited has informed the exchanges about its 34th Annual General Meeting scheduled for Thursday, 28 August 2025 at 11:00 AM IST, to be held entirely through video conferencing. Shareholders will consider adopting the audited standalone and consolidated financial statements for FY ended 31 March 2025, take note of the interim dividend of Rs. 2 per share (200%) on 5.60 crore equity shares declared in July 2024, and re-appoint Mr. R.D. Dixit as a director retiring by rotation. Special business includes approving Cost Auditor remuneration of Rs. 1.25 lakh, appointing Mr. Nandan Borgalkar as Independent Director for 5 years (Oct 2025–Sept 2030), appointing M/s. M Baldeva Associates as Secretarial Auditors for 5 years from FY26, and approving remuneration for Executive Chairman Nitin Menon (Rs 15.5 lakh/month) and Managing Director R.D. Dixit (Rs 3.75 lakh/month) for the period April 2026 to March 2028. The e-voting cut-off date is 22 August 2025 and remote e-voting runs from 25 to 27 August 2025.
This is a routine AGM notice with no major surprises for shareholders. The interim dividend was already paid in 2024, so today's filing is procedural. The director remuneration hikes and re-appointments are standard governance items requiring shareholder approval and are unlikely to materially move the stock on their own.