Menon Bearings Limited has informed the Exchange regarding Appointment of M/s. Anikhindi & Co., Cost Accountants, Kolhapur as Cost Auditor 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 audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. Standalone PAT grew 61.87% YoY to Rs. 3,262.93L on total income of Rs. 22,010.35L (up 30.82%). Consolidated PAT grew 53.41% to Rs. 3,825.14L on total income of Rs. 30,024.35L (up 23.16%). The Board also appointed M/s. A. G. Anikhindi & Co., Cost Accountants, as Cost Auditors for FY 2026-27 and appointed Prof. (Dr.) Rajendra Girjappa Sonkawade as an Additional Non-Executive Director (effective May 14, 2026). Audit reports were issued with unmodified opinions, and all compliance requirements were met.
Strong financial performance with PAT growth of over 53% on consolidated basis is positive for shareholders. The appointment of an academician as Non-Executive Director is routine board strengthening with no immediate impact on stock price.