Menon Pistons Mein Bade Deals Ka Chakkar! Shareholders Ki Vote Se Hoga Faisla?

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AuthorIshaan Verma|Published at:
Menon Pistons Mein Bade Deals Ka Chakkar! Shareholders Ki Vote Se Hoga Faisla?
Overview

Arre yaar, Menon Pistons ke shareholders ke liye ek important vote hone wala hai. Company apne CMD, Mr. Sachin Menon ko **3 saal** ke liye dobara appoint karna chahti hai. Saath hi, unhein ek firm ke saath ₹120.75 Crore ki saalana deals ko bhi approve karna hoga, jismein CMD aur unke rishtedar partners hain. Ye deals company ki total sales ka lagbhag aadha hain, isliye investors ke beech thodi charcha ho rahi hai.

Chalo, ab iski asli kahani mein ghuste hain. Jab company apne CMD ko dobara appoint karne ka soch rahi hai aur saath hi ek aise business ke saath mega-deals karne ja rahi hai jismein woh khud aur unke rishtedaar involved hain, toh governance aur conflict of interest ka sawaal toh uthega hi na? Yahan mamla thoda serious hai, bhai.

Dekho, Menon Pistons ne shareholders se approval manga hai apne Chairman and Managing Director (CMD), Mr. Sachin Menon ko ek aur 3 saal ke liye appoint karne ka. Lekin asli twist ye hai ki unhein M/s. Menon Exports naam ki partnership firm ke saath bade annual business karne ki bhi permission chahiye. Is deal ki limit ₹120.75 Crore per annum tak ho sakti hai, jo ki 3 saal (April 1, 2026 se March 31, 2029) tak valid rahegi. Isme ₹120 Crore tak ka saman bechna aur ₹0.75 Crore tak ka rent lena shamil hai.

Ye ₹120.75 Crore ka figure sunne mein chhota nahi hai! Ye company ki FY24-25 ki consolidated turnover ka lagbhag 47.60% hai, jo approx ₹253.66 Crore tha. Company ka kehna hai ki M/s. Menon Exports ke saath unka pehle se hi business chal raha hai, exports ke liye compliance easy hota hai, aur unke paas bahar ke markets ka access hai. Plus, company ke premises ka bhi achha use ho jayega.

Abhi sabse bada point ye hai ki M/s. Menon Exports mein CMD Mr. Sachin Menon aur unke relatives partners hain. Jab company khud apne aap se itne bade deals kar rahi ho jismein management involved ho, toh conflict of interest toh banta hai, yaar. Company bol rahi hai ki ye deals 'arm's length basis' par hongi aur 'ordinary course of business' mein hain, par itna bada turnover ka hissa kisi family firm ko ja raha hai toh minority investors ko toh dhyan rakhna hi padega. Aur haan, Mr. Sachin Menon apne Executive Directors, Ms. Sharanya Menon aur Ms. Devika Menon ke pita hain. Matlab, leadership mein family kaafi concentrated hai.

Pichli baar 2023 mein bhi shareholders ne M/s. Menon Exports ke saath deals ki limit ₹80 Crore se badhakar ₹110 Crore ki thi. Ab ye limit aur badhai ja rahi hai. Ek achhi khabar ye hai ki company ne Col. Basavaraj K Kullolli ko ek Independent Director ke roop mein appoint kiya hai, jo board ki independence ko mazboot karega aur aise deals ko oversee karne mein madad karega.

Ab sawal ye hai ki investors kya sochen? Kya continuity aur purane rishton ke fayde, governance ke risks par bhaari padenge? Shareholders ko vote karte waqt yeh dekhna hoga ki ye deals sach mein sabke liye faydemand hain ya sirf family business ko hi zyada fayda pahuncha rahi hain. Waise, Menon Pistons auto ancillary sector mein hai, jahan Uno Minda, Sona BLW jaise players hain. Lekin Menon Pistons pistons banane mein specialize karta hai.

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