Appointment of Internal Auditor for the FY 2026-27.
HONDAPOWER · price
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Honda India Power Products Limited announced the appointment of M/s Deloitte Haskins & Sells LLP and M/s Das Patnaik & Co. as Internal Auditors for FY 2026-27, along with several other key decisions from their board meeting on May 26, 2026. The company also appointed Mr. Sameer Jain as Chief Corporate Officer (effective July 1, 2026) and Whole-Time Director (effective September 1, 2026), replacing Mr. Vinay Mittal who retires on superannuation in September 2026. Financially, the company reported revenue from operations of Rs. 86,545 lakhs for FY26, up 9% from Rs. 79,423 lakhs in FY25, but profit after tax declined 20% to Rs. 6,424 lakhs from Rs. 7,994 lakhs, impacted by exceptional items of Rs. 185 lakhs due to new labour codes. The board recommended a final dividend of Rs. 23 per share (230%) for FY26.
The appointment of two internal auditors signals enhanced governance oversight. The leadership transition and lower profitability may create near-term uncertainty, but the dividend payout remains attractive at Rs. 23 per share.