Menon Bearings Limited announced that the Company has incorporated a wholly owned subsidiary on 12th December, 2022 namely `Menon Brakes Private Limited', as a Private Limited Company, limited by shares having Corporate Identity Number: U26999PN2022PTC216882 registered with Registrar of Companies, Pune. Authorized Share Capital: INR 110,000,000/- . Paid-up Share Capital: INR 82,500,000/- .

The MBPL would be engaged in the business of manufacturing of auto components viz. brake linings, brake shoes and its accessories etc. The MBPL is being incorporated to carry on the business of designing, manufacturing, dealing, trading, importing, exporting, stockists, buying and selling, in India or elsewhere in the world, brake linings, brake shoes and its accessories, rivets, riveted shoes, clutch, clutch tools, clutch facing, axels, brake pads and brake discs, brake rotors, brake lines, brake kits, racing brake fluid, all types of brakes, break system components, etc.

and /or to carry out other related activities. Line of business contemplated: The MBPL shall carry on the business of designing, manufacturing, dealing, trading, importing, exporting, stockists, buying and selling, in India or elsewhere in the world, brake linings, brake shoes and its accessories, rivets, riveted shoes, clutch, clutch tools, clutch facing, axels, brake pads and brake discs, brake rotors, brake lines, brake kits, racing brake fluid, all types of brakes, break system components, etc. and /or to carry out other related activities.

Date of Incorporation: 12th December, 2022.