Menon Bearings Limited informed that the Company has incorporated a wholly owned subsidiary on 7th February, 2024 namely `Menon Bearings New Ventures Limited', as a Public Limited Company, limited by shares having Corporate Identity Number: U45101PN2024PLC227960 registered with the Registrar of Companies, Pune. Name of the target entity, details in brief such as size, turnover etc.: Menon Bearings New Ventures Limited is incorporated as a wholly owned subsidiary of Menon Bearings Limited. Corporate Identity Number: U45101PN2024PLC227960.

Authorized Share Capital: INR 11,00,00,000. Paid-up Share Capital: INR 1,00,000. Size /Turnover: Not Applicable (MBNVL is incorporated on 7th February, 2024).

Industry to which the entity being acquired belongs: MBNVL would be engaged in the business of auto dealerships, charging technologies, emerging EV services, cold chain and storages, construction of bridges and other construction projects, highway side amenities for highway commuters and passengers and in the area of new opportunities in service sector, to house non-engineering business as well.