Menon Bearings Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
MENONBE · price
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Menon Bearings Limited has announced the results of a Postal Ballot conducted via remote e-voting (April 10 to May 9, 2026), where shareholders approved the appointment of Mr. Arun Aradhye as Managing Director. Arun Aradhye was previously serving as Whole-Time Director and CFO of the company. The special resolution received overwhelming support with 99.99% votes in favour (2,48,31,171 votes) against just 2,601 votes against out of 24,833,772 valid votes cast. Promoter and promoter group voted entirely in favour (100%), while public non-institutions recorded 97.23% in favour. Total voter turnout was 44.31% of the company's paid-up capital of 56,04,00,000 shares. The resolution is deemed passed as of May 9, 2026.
The appointment consolidates leadership at Menon Bearings under a single executive who already has deep operational and financial oversight of the company. The near-unanimous shareholder approval signals strong confidence in the management transition and is a mildly positive signal for governance.