Menon Pistons Limited has announced a comprehensive calendar of events for its upcoming postal ballot process, scheduled to run from February 20, 2026 to March 21, 2026. The company filed the intimation with BSE Limited on February 7, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Resolutions for Shareholder Approval

The postal ballot process will seek member approval for four significant corporate resolutions:

• Re-appointment of Mr. Sachin Menon as Chairman and Managing Director of the company
• Approval of Material Related Party Transactions with M/s. Menon Exports, a related party of the company
• Appointment of Col Basavaraj K Kullolli as an Independent Director of the company
• Alteration of the Articles of Association for deletion of use of Common Seal

Postal Ballot Timeline and Process

The company has outlined a detailed schedule for the postal ballot process, with all voting to be conducted exclusively through electronic mode:

Scrutinizer Appointment and Compliance

Mr. Devendra Deshpande, Proprietor of M/s. DVD & Associates, Practicing Company Secretaries, Pune, has been appointed as the scrutinizer to conduct the e-voting process in a fair and transparent manner. The process will be conducted in accordance with Section 108 and 110 of the Companies Act, 2013, along with applicable rules and SEBI regulations.

Electronic Voting Protocol

In compliance with MCA General Circular No. 03/2025 dated September 22, 2025, the voting will take place exclusively through remote e-voting, with no physical ballot forms being dispatched by the company. The postal ballot notice will be distributed only through electronic mode, with the complete notice to be submitted to the exchange in due course.

The company has emphasized that all proceedings will follow the statutory requirements under the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full regulatory compliance throughout the postal ballot process.

Menon Pistons Limited announced its unaudited financial results for the quarter ended December 31, 2025, along with several significant board decisions during its meeting held on January 28, 2026. The auto components manufacturer reported mixed performance with steady revenue growth but slightly lower profitability compared to the previous quarter.

Financial Performance Overview

The company's standalone operations showed resilient performance during the third quarter of FY26. Revenue from operations increased to ₹6,031.81 lakhs compared to ₹5,321.54 lakhs in the corresponding quarter of the previous year, representing growth of over 13%. However, net profit declined to ₹394.93 lakhs from ₹456.26 lakhs in the previous quarter.

For the nine months ended December 31, 2025, the company achieved revenue of ₹18,423.74 lakhs compared to ₹16,475.47 lakhs in the corresponding period of the previous year. Net profit for the nine-month period was ₹1,370.93 lakhs against ₹1,469.18 lakhs in the previous year.

Consolidated Results Show Strong Growth

The consolidated financial results, including subsidiaries Rapid Machining Technologies Private Limited and Lunar Enterprise Private Limited, demonstrated robust performance. Consolidated revenue reached ₹7,610.48 lakhs for Q3 FY26, up from ₹6,310.80 lakhs in Q3 FY25, marking a significant 20.6% year-on-year growth.

Key Board Decisions and Appointments

The Board of Directors approved several strategic decisions during the meeting. The re-appointment of Mr. Sachin Menon as Chairman and Managing Director was approved for a three-year term from February 1, 2026, to January 31, 2029, subject to shareholder approval. Mr. Menon, who holds 14,401,660 shares in the company, brings over 40 years of experience in the auto components industry with educational qualifications including B.E. (Mechanical) and MBA in Finance from the USA.

Additionally, the Board approved the appointment of Col. Basavaraj K Kullolli as Additional Director in the Non-Executive and Independent Director category for three years from March 9, 2026, to March 8, 2029. Col. Kullolli brings over 30 years of leadership experience with qualifications including MBA in Finance & HR, Master of Science in Defense & Strategic Studies, and is a qualified helicopter pilot.

Corporate Governance and Compliance Matters

The company received approval for material related party transactions with M/s. Menon Exports, subject to member approval through postal ballot. The Board also approved alterations to the Articles of Association by removing clauses related to Common Seal for administrative convenience and operational flexibility.

The Board noted the circular issued by the National Financial Reporting Authority dated January 7, 2026, regarding effective communication between Statutory Auditors and Those Charged with Governance, and appreciated the current practices followed by their statutory auditors.

Impact of New Labour Codes

The financial results reflect the impact of new Labour Codes notified by the Government of India on November 21, 2025. This resulted in a one-time increase in employee benefit expense provision of ₹27.98 lakhs, which has been recognized as an exceptional item in the current reporting period. The company noted that related rules are yet to be notified, and their impact will be evaluated accordingly.