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Menon Bearings Ltd. Company History and Annual Growth Details

Menon Bearings Ltd was incorporated as a Public Limited Company on
July 4, 1991. The Certificate of Commencement of Business was obtained on 23.9.91

The Company has been promoted by Menon Pistons Ltd (MPL), members of the Menon family of Kolhapur, and their associates. MPL is a closely-held company which is in the business of manufacturing Pistons, Piston Rings and Gudgeon Pins at Kolhapur and Sangli.

Menon Bearings Ltd has set up a new industrial undertaking for the manufacture of thin-walled Engine Bearings, Bushings and Thrust Washers, at MIDC Area, Gokul Shirgaon, Kolhapur, Maharashtra.

King Ltd,, Israel will provide technical know-how. King Ltd will provide designs, manufacturing technologies and assistance in commissioning the plant.

2008

-Menon Bearings Ltd has apponted Shri. B S Ajitkumar as Additional Director under the category of Independent Director on the Board of the Company.

-The Company has recommended 25% Dividend i.e. Rs 2.50 per share.

2009

-Company has splits its Face value of Shares from Rs 10 to Rs 5.

-The Company has recommended 25% Dividend i.e. Rs 2.50 per share.

2010

-The Company has recommended 25% Dividend i.e. Rs. 1.25 per share.

2011

-The Company has recommended a dividend of 45% i.e. Rs. 2.25 per share of Rs. 5/- each.

2012

-The Company has recommended the payment of dividend @ Rs. 2.75 per Equity Share of Rs. 5/-.

2014

-The Company has appointed Mrs. Nazura Ajaney as an Additional Independent Director of the Company

-The Company has recommended the payment of dividend on Equity Shares @ Rs. 3/- (Rupee Three only) per share i.e. 60%

2015

-Menon Bearings has splits its face value from Rs. 5 to Rs. 1

2016

-The Company has recommended issue of fully paid Bonus Shares in the proportion of 1 (One) Bonus Equity Share of Re.1/- (Rupee One only) each for every 5 (Five) fully paid-up Equity Shares of Re. 1/- (Rupee One only) each.

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