Menon Bearings Limited has informed the Exchange regarding Change in Director(s) of the company.
MENONBE · price
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Awaiting price reaction for this filing.
Mr. R. D. Dixit (82), the founder Managing Director who led Menon Bearings since its inception in April 1993 (about 33 years), has resigned effective March 3, 2026, citing advancing age. The Board has appointed Mr. Arun Aradhye (69), currently the Whole Time Director and CFO with over 15 years at the company, as the new Managing Director for a 5-year term starting March 4, 2026, subject to shareholder approval. To fill the CFO vacancy, Mr. Chandrakant Ghatge, an internal candidate with 35+ years of finance experience who has been with the firm since 2020, has been appointed as CFO from March 4, 2026. Both new appointees are not related to any existing director and are not debarred by SEBI. The transition is a planned, clean internal succession with no governance red flags.
This is a smooth, internally managed leadership change with the long-serving founder stepping down due to age and a trusted insider taking over – typically read as neutral to mildly positive for continuity, though the market may watch how the new MD's strategic direction evolves after 33 years under the founder.