Menon Bearings Limited has informed the Exchange regarding Appointment of Chandrakant Ghatge as Chief Financial Officer of the company w.e.f. March 04, 2026.
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Menon Bearings announced a major leadership change effective March 3-4, 2026. Mr. R. D. Dixit, the long-serving Managing Director (since 1993, over 33 years), resigned citing advanced age (he is 82 years old). He is not leaving due to any governance or performance concerns — the company explicitly confirmed no other reasons. Mr. Arun Aradhye, who was already Whole-Time Director and CFO since 2019 (and with the company for 15+ years), has been elevated to Managing Director for a 5-year term. To fill the CFO vacancy, Mr. Chandrakant Ghatge, an existing employee since 2020 with 35 years of finance experience, has been appointed as the new Chief Financial Officer. Both appointments are subject to shareholder approval.
This is a smooth, well-planned succession with internal continuity — an existing senior leader (Arun Aradhye) takes the top role and a known insider becomes CFO. No negative governance signals, so the transition is likely to be viewed neutrally to positively by shareholders. Shareholder approval will be needed at the next general meeting.