Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we herewith enclose a copy of Postal Ballot Notice for seeking approval of Shareholders ....
MENNPIS · price
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Awaiting price reaction for this filing.
Menon Pistons has sent out a Postal Ballot Notice to shareholders for 4 key approvals via e-voting (from Feb 20, 2026 to Mar 21, 2026). Item 1: Re-appointment of Mr. Sachin Menon as Chairman and Managing Director for 3 years (Feb 1, 2026 to Jan 31, 2029), with a minimum monthly gross remuneration of Rs. 10 lakh plus annual increments. Item 2: Approval of material related party transactions with M/s. Menon Exports (a related party) of up to Rs. 120.75 Crores per annum for 3 financial years (FY 2026-27 to FY 2028-29), covering sale of goods and rent. Item 3: Appointment of Col Basavaraj K Kullolli as Independent Director for 3 years starting March 9, 2026. Item 4: Amendment to Articles of Association to remove provisions related to the use of a common seal. The company notes it has achieved record turnover and paid good dividends, and Mr. Sachin Menon has 40+ years of experience in auto components.
Routine governance matters. The RPT limit with Menon Exports has been marginally increased from Rs. 120 Crores to Rs. 120.75 Crores per annum, which is a small change. Re-appointment of the promoter MD provides leadership continuity. Stock price impact is likely minimal unless shareholders object to any resolution.