Menon Bearings announced that a meeting of the board of directors of the company will be held on May 29, 2008, to consider and take on record annual accounts and recommend dividend for the year ended Mar. 31, 2008.

Incorporated in 1991, Menon Bearings is promoted by Menon Bearing (Kolhapur). The company is engaged in auto components (bearings, bushes, whrust washers and bi-metal strip) business.

Shares of the company gained Rs 1, or 1.79%, to trade at Rs 57. The total volume of shares traded was 244 at the BSE.

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