Menon Pistons Ltd has strengthened its governance framework by appointing Ms. Nivedita Sachin Menon and Mr. Gurudas Kamalakar Chorage as Additional Directors, along with CS Gayatri Eknath Patil as Company Secretary and Compliance Officer, effective June 18, 2026. The board approved these appointments based on the recommendations of the Nomination and Remuneration Committee to enhance corporate oversight and operational efficiency.

Ms. Nivedita Sachin Menon (DIN: 11771942) was appointed as an Additional Director in the Executive category. She is the daughter of CMD Mr. Sachin Menon and holds 4,208,660 shares in the company. A Bachelor of Science in Business Management from the University of Exeter, she is currently a Management Trainee at the company. Her appointment is subject to shareholder approval and is liable to retire by rotation.

Mr. Gurudas Kamalakar Chorage (DIN: 06982157) was appointed as an Additional Director in the Non-Executive and Independent category for a term of three consecutive years, concluding on June 17, 2029. A Fellow Chartered Accountant with over 15 years of experience in audit and assurance, Mr. Chorage is currently a Partner at GTA & Co. LLP. His appointment is subject to shareholder approval and is not liable to retire by rotation.

CS Gayatri Eknath Patil (Membership No. A80289) was appointed as Company Secretary and Compliance Officer (Key Managerial Personnel). An Associate Company Secretary, Ms. Patil brings experience in corporate laws, secretarial compliance, and regulatory advisory. Her appointment aligns with the provisions of the Companies Act, 2013 and SEBI Listing Regulations.

The board meeting, held pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, commenced at 11:00 A.M. and concluded at 12:20 P.M. The necessary disclosures regarding the new appointments were submitted to the exchanges.

Appointments Summary

Menon Pistons Limited reported a consolidated net profit of ₹2,557.84 lakh for the financial year ended March 31, 2026, an increase from ₹2,384.70 lakh in the previous year. The board of directors recommended a final dividend of Re.1 per equity share, or 100%, subject to shareholder approval at the upcoming Annual General Meeting. The audited standalone and consolidated financial results were approved at the board meeting held on May 28, 2026.

Financial Performance

The company's consolidated revenue from operations for FY26 stood at ₹30,415.72 lakh, compared to ₹25,365.96 lakh in FY25. On a standalone basis, revenue from operations rose to ₹24,443.32 lakh from ₹21,235.47 lakh in the prior year. Total comprehensive income for the year increased to ₹2,564.55 lakh on a consolidated basis, up from ₹2,336.75 lakh in FY25.

Dividend and Appointments

The board has fixed the 49th Annual General Meeting for August 5, 2026, via video conferencing. Additionally, the board appointed Mr. Abhay Golwalkar, Chartered Accountants, as the Internal Auditor and M/s. C S Adawadkar & Co., Cost Accountants, as the Cost Auditor for the financial year 2026-27, based on the Audit Committee's recommendation.

Auditor's Report

P G Bhagwat LLP, Statutory Auditors, issued an unmodified opinion on the standalone and consolidated financial results. The report confirmed that the results give a true and fair view of the company's financial position in conformity with Indian Accounting Standards. The trading window for insiders remains closed until 48 hours after the declaration of the financial results.