Menon Bearings Limited has informed the Exchange regarding Appointment of Dr. Rajendra Girjappa Sonkawade as Non- Executive Director of the company w.e.f. May 14, 2026.
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Menon Bearings Limited held its Board meeting on May 14, 2026, approving the audited financial results for Q4 and FY2026 ending March 31, 2026. The company reported strong growth with standalone revenue of Rs 22,010.35 lakhs (up 30.82%) and standalone PAT of Rs 3,262.93 lakhs (up 61.87%) compared to FY2025. Consolidated revenue stood at Rs 30,024.35 lakhs (up 23.16%) with consolidated PAT of Rs 3,825.14 lakhs (up 53.41%). Additionally, the Board appointed Prof. (Dr.) Rajendra Girjappa Sonkawade as an Additional Non-Executive Director effective May 14, 2026. He is a Senior Professor and Head of Physics at Shivaji University, Kolhapur, with a Ph.D. from HNB Garhwal University and Post-Doctoral Diploma from BARC. The company also appointed M/s A.G. Anikhindi & Co as Cost Auditors for FY 2026-27. The audit reports were issued with unmodified opinions.
The appointment of an academician as Non-Executive Director brings independent expertise to the board but does not signal any governance concerns. The strong financial performance with over 50% PAT growth is positive for shareholders.