Menon Bearings Limited has informed the Exchange about change in Management Resignation of Mr. R.D. Dixit as MD, Appointment of Mr. Arun Aradhye as MD, Appointment of Mr. Chandrakant Ghatge as CFO.
MENONBE · price
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Mr. R.D. Dixit (82 years old), who has served as Managing Director since the company's inception in April 1993 (about 33 years), has resigned as Managing Director effective March 3, 2026, citing advancing age. The Board has appointed Mr. Arun Aradhye, currently the company's Whole Time Director and CFO since January 2019 and associated with Menon Bearings for over 15 years, as the new Managing Director for a 5-year term starting March 4, 2026. Mr. Chandrakant Ghatge, who has been with the company since 2020 and brings 35+ years of finance experience, has been appointed as the new CFO effective March 4, 2026. Both new appointments are subject to shareholder approval. The transition appears orderly, with an internal promotion to MD and a finance veteran taking over the CFO role.
The change is well-handled: the outgoing MD is retiring due to age, and both successor roles are filled by insiders familiar with the business, which should provide continuity for shareholders. Investors may view this as a stable succession event with no governance red flags.