Meeting Details

The 35th Annual General Meeting was held on Thursday, 6th August, 2026 at 11:00 A.M. through Video Conferencing / Other Audio Visual Means without physical presence of members. The meeting commenced at 11:00 A.M. and concluded at 11:40 A.M., lasting 40 minutes.

Attendance

Total 70 members attended the AGM through VC/OAVM. The registered office of the Company at G-1, MIDC, Gokul Shirgaon, Kolhapur - 416235, Maharashtra, India was deemed the venue.

Directors and Key Managerial Personnel Present

  • Mr. Arun Aradhye - Managing Director (elected as Chairman of the meeting)
  • Mrs. Kailash Nevagi - Independent Director
  • Dr. Santosh Prabhu - Independent Director, Chairman of the Stakeholders' Relationship Committee
  • Mr. Nandan Borgalkar - Independent Director, Member of Audit Committee, Nomination & Remuneration Committee & Corporate Social Responsibility Committee
  • Dr. R.G. Sonakawade - Non-Executive Director
  • Mr. Siddheshwar Kadane - Company Secretary & Compliance Officer

Other Representatives Present

  • Mr. Rahulprasad Agnihotri, Representative of M/s. A R N A & Associates, Chartered Accountants (Statutory Auditors)
  • CS Manish Baldeva, Proprietor of M/s. M Baldeva Associates, Company Secretaries (Secretarial Auditors and Scrutinizer)
  • Mr. Abhay Golwalkar, Internal Auditor
  • Mrs. Nupur Patwardhan, representative of A. G. Anikhindi & Co (Cost Auditor)

Business Transacted

The following items of business from the Notice dated 14th May, 2026 were transacted:

Ordinary Business:

1. Adoption of (a) Audited Standalone Financial Statements for FY ended 31st March, 2026 with reports of Board of Directors and Auditors, and (b) Audited Consolidated Financial Statements for FY ended 31st March, 2026 with report of Auditors

2. Taking note of payment of interim dividend paid for financial year ended 31st March, 2026

3. Appointment of Mr. Nitin Menon (DIN: 00692754) who retired by rotation and offered himself for re-appointment as director

Special Business:

4. Ratification of remuneration payable to Cost Auditors for financial year ending 31st March, 2027

5. Appointment of Mr. Rajendra Girjappa Sonkawade as Director of the Company

Voting Procedures

Remote e-voting was provided from 2nd August, 2026 (9:00 A.M.) to 5th August, 2026 (5.00 P.M.). E-voting during the meeting remained open for 15 minutes after conclusion. CS Manish Baldeva was appointed as Scrutinizer to scrutinize voting through electronic means.

Other Proceedings

  • The Notice and Annual Report were circulated to members within statutory time period
  • Statutory Auditors' Reports contained no qualifications, reservations, or adverse remarks
  • Secretarial Auditors made one observation in their report, with explanation provided in Board of Directors' Report at page 45 of Annual Report
  • Mr. Arun Aradhye delivered Chairman's speech addressing performance, progress, achievements during FY 2025-26 and future plans
  • Shareholders raised queries which were addressed by the Chairman to their satisfaction

Results Declaration

The consolidated results of remote e-voting and e-voting during the AGM will be declared within 2 working days of conclusion and displayed at the Registered Office, Company website (www.menonbearings.in), and website of MUFG Intime India Private Limited (www.instavote.linkintime.co.in), and communicated to BSE Ltd. and National Stock Exchange of India Limited.