Please find attached herewith Scrutinizers report dated 30th August 2025 for the AGM held on 28th August, 2025.
MENONBE · price
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Menon Bearings Limited held its 34th AGM on 28th August 2025 via video conferencing, where all 8 resolutions were passed with overwhelming majority (over 99.99% in favour). Key items approved include adoption of audited standalone and consolidated financial statements for FY25, noting the interim dividend of Rs. 2 per share (declared 18 July 2024) on 5.60 crore equity shares, re-appointment of Mr. R.D. Dixit as director, appointment of Mr. Nandan Borgalkar as Independent Director for 5 years, and appointment of M Baldeva Associates as Secretarial Auditors for FY26–FY30. Remuneration for Executive Chairman Mr. Nitin Menon and Managing Director Mr. R.D. Dixit for the period 1 April 2026 to 31 March 2028 was also approved (Nitin Menon's resolution passed via special resolution since promoter group was interested). Voting participation was around 68.6% for most resolutions, though it dropped to 41.1% for Nitin Menon's remuneration as the promoter group recused from voting. Total shareholders on record date stood at 27,402.
Routine regulatory filing confirming shareholder approval of routine business items. No negative signals — all resolutions passed with near-unanimous support, indicating strong shareholder alignment with management. The lower promoter participation on Resolution 7 is procedural (related-party) and not a concern.