Menon Pistons Limited, at their board meeting held on 22nd January, 2021, considered availing a new term loan of INR 100 Million from ICICI Bank, Kolhapur for the purpose of renovation of company's foundry building and purchase of new & old machineries for new projects and to authorize Mr. Sachin Ram Menon, Chairman & Managing Director or Mr. S. B. P. Kulkarni, AVP & CFO to sign and execute the loan documents.