MENONBENSEMenon Bearings LimitedMediumNeutral
Announced Wed, 1 Apr · 11:50 IST

Menon Bearings Limited has informed the Exchange regarding Change in Auditors of the company.

Management Changes View source PDF

MENONBE · price

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Price reaction · full curve 14 horizons · vs prior close
+6.9%1-day move
₹102.00
prior close
₹107.92
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0-0.0-0.2-0.1+6.9+8.5+7.5+11.9+12.2+14.7+16.2+23.8+39.2+61.7
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AI summary

Menon Bearings Limited has re-appointed Mr. Abhay Golwalkar as Internal Auditor for the financial year 2026-27, effective April 1, 2026. Mr. Golwalkar is a Chartered Accountant based in Kolhapur with over 32 years of experience in auditing, taxation, and corporate advisory. He holds qualifications including B.Com (Hons), FCA, and DISA, and has expertise in internal control systems, MIS, and merger/acquisition advisory. This is a routine annual re-appointment under Section 138 of the Companies Act, 2013, not a change in statutory auditors.

Likely market impact

This is a standard operational appointment with no material impact on shareholders or stock price. The internal audit function remains stable with an experienced auditor continuing in the role.