Menon Bearings announced a comprehensive leadership transition on 03.03.2026, marking the end of an era with the resignation of long-serving Managing Director R.D. Dixit and the appointment of new senior executives to guide the company forward. The company disclosed these developments through official regulatory filings to BSE Limited (Scrip Code: 523828) and National Stock Exchange of India Ltd (Symbol: MENONBE) pursuant to Regulation 30 of SEBI Listing Regulations.

Managing Director Resignation

R.D. Dixit resigned from his position as Managing Director effective close of business hours on 03.03.2026, citing advancing age as the primary reason. The 82-year-old executive has served as Managing Director since the company's inception in April 1993, completing an impressive 33-year tenure in the role.

In his resignation letter dated 03.03.2026, Dixit expressed that he found it difficult to cope with the current needs of the organization due to his advanced age. He emphasized that no other material reason existed for his resignation and praised the capability of staff members and employees to run the organization efficiently, noting that the company remains on very strong footings. The Board accepted his resignation with effect from close of business hours of 03.03.2026.

New Managing Director Appointment

The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, appointed Arun Aradhye as the new Managing Director. Aradhye, who currently serves as Whole Time Director and CFO, will transition to his new role on 04.03.2026.

New Chief Financial Officer

Chandrakant Ghatge has been appointed as the new Chief Financial Officer, effective 04.03.2026, replacing Aradhye who will assume the Managing Director role.

Professional Qualifications and Experience

Arun Aradhye brings extensive qualifications to his new role, holding M.Com. and LL.B. (Special) degrees. He possesses over 50 years of comprehensive experience across multiple domains including banking and finance, production and manufacturing, materials and marketing, corporate image building, human resources, and overall administration.

Chandrakant Ghatge contributes over 35 years of specialized experience in financial management, accounting, and taxation compliance, with demonstrated expertise in financial controls, budgeting, audit coordination, and regulatory compliance.

Regulatory Compliance and Board Meeting Details

The Board meeting that formalized these appointments was held on Tuesday, 03.03.2026, commencing at 11:00 A.M. and concluding at 12:30 P.M. Both appointees have been confirmed as not being debarred from holding their respective offices by virtue of any SEBI order or other regulatory authority, and neither executive is related to any existing Directors of the Company.

The company filed the necessary disclosures with stock exchanges in accordance with BSE Circular No. LIST/COMP/14/2018-19 and NSE Circular No. NSE/CML/2018/24 dated 20.06.2018, ensuring full regulatory compliance throughout the transition process.

The leadership transition ensures continuity in operations while bringing fresh perspective to guide the company's future growth under new management.

Menon Bearings has delivered exceptional third-quarter performance for the period ended December 31, 2025, demonstrating robust operational execution and significant financial growth across all key metrics. The auto ancillaries company's Board of Directors approved these unaudited standalone and consolidated financial results during their meeting held on January 15, 2026.

Outstanding Financial Performance

The company's Q3FY26 results showcase remarkable year-on-year growth across all major financial parameters:

Revenue Growth and Market Expansion

The company achieved substantial revenue expansion of 46% year-on-year, with total revenue reaching ₹572.00 million compared to ₹392.00 million in the corresponding quarter last year. This impressive top-line growth reflects strong demand for the company's bearing products and successful market penetration strategies in the auto ancillaries sector.

Net profit performance was particularly outstanding, with earnings surging 90% to ₹78.00 million from ₹41.00 million year-on-year. This significant profit growth demonstrates effective cost management and operational leverage as the company successfully scaled its business operations.

Enhanced Operational Efficiency

The company's EBITDA performance highlighted superior operational efficiency, rising 78% to ₹119.00 million from ₹67.00 million in the same quarter last year. The EBITDA margin expanded significantly by 360 basis points to 20.75% from 17.15% year-on-year, indicating strong operational leverage and improved manufacturing efficiency.

Regulatory Compliance and Transparency

Menon Bearings has maintained full regulatory compliance by publishing the financial results announcement in Business Standard (English) and Lokmat (Marathi) newspapers on January 16, 2026. The company has also made the detailed financial results available on its website at www.menonbearings.in , ensuring transparency and accessibility for all stakeholders.

The Q3FY26 results demonstrate Menon Bearings' robust business fundamentals and effective execution of its growth strategy, with the company delivering exceptional value across revenue growth, profit expansion, and margin improvement during the quarter.