Menon Bearings Limited has informed the Exchange regarding Resignation of R.D. Dixit as Managing Director of the company w.e.f. March 03, 2026.
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Mr. R.D. Dixit (aged 82) has resigned as Managing Director of Menon Bearings effective March 3, 2026, citing advancing age. He had been with the company for about 33 years since its inception in 1993. The Board has appointed Mr. Arun Aradhye, the existing Whole-Time Director and CFO, 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, who has been with the company since 2020 with over 35 years of experience in finance, has been appointed as the new CFO from March 4, 2026. The transition is described as a planned succession, with the outgoing MD expressing confidence that the company is on strong footing.
This is a smooth internal succession rather than a disruptive exit. The outgoing MD leaves on his own terms due to age, and an internal candidate with 15+ years at the company takes over as MD, which should provide continuity for shareholders. No negative governance red flags are present.