Menon Bearings Limited has informed the Exchange regarding Cessation of Mr. R.D. Dixit as Managing Director of the company w.e.f. March 03, 2026.
MENONBE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mr. R.D. Dixit, aged 82, has stepped down as Managing Director of Menon Bearings effective March 3, 2026, citing advancing age after leading the company for nearly 33 years since inception. 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. Mr. Aradhye has been with the company for over 15 years and brings 50+ years of experience in banking, finance, and administration. In a related change, Mr. Chandrakant Ghatge, who has been with the company since 2020, has been appointed as the new CFO effective March 4, 2026.
This is a planned, orderly succession at the top with an internal candidate (Aradhye) stepping up to MD, which should provide continuity for shareholders. No governance red flags were raised, and the outgoing MD confirmed no other material reasons for his departure, so the change is unlikely to be disruptive to the stock.