1. Based on the recommendation of the Nomination and Remuneration Committee, the Board has approved the re-appointment of Mr. Sachin Menon (DIN:00134488) as Chairman and Managing Director ....
MENNPIS · price
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Menon Pistons' board approved its unaudited Q3 FY26 results (quarter ended Dec 31, 2025). Standalone revenue from operations rose to Rs. 6,031.81 lakhs (up ~13% YoY), with 9-month revenue at Rs. 18,423.74 lakhs. However, standalone Q3 profit after tax slipped to Rs. 394.93 lakhs (vs Rs. 436.82 lakhs YoY) and 9-month PAT fell to Rs. 1,370.93 lakhs. Consolidated 9-month PAT was Rs. 2,113.78 lakhs on revenue of Rs. 23,093.52 lakhs. The board re-appointed Mr. Sachin Menon as Chairman and Managing Director for 3 years (Feb 2026 – Jan 2029), subject to shareholder approval. It also appointed Col. Basavaraj K Kullolli as an Independent Director for 3 years starting March 9, 2026. A material related party transaction with M/s. Menon Exports was approved, pending shareholder nod via postal ballot.
Stable leadership continuity with the promoter-family MD being re-appointed, which should reassure shareholders on strategic direction. Mixed financial signals: top-line growth is healthy but margins and profit are under pressure, so investors should watch cost trends in coming quarters.