Appointment of Mr. Sameer Jain as Chief Corporate Officer of the Company with effect from July 01, 2026
HONDAPOWER · price
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Honda India Power Products Ltd held a Board meeting on May 26, 2026, approving multiple items. The company appointed Mr. Sameer Jain as Chief Corporate Officer effective July 1, 2026, and as Whole-Time Director effective September 1, 2026, for a 5-year term. He replaces Mr. Vinay Mittal, who will retire due to superannuation on September 30, 2026. The company also reported FY2026 financial results with revenue of Rs. 86,545 lakhs (up from Rs. 79,423 lakhs in FY2025), but profit after tax declined to Rs. 6,424 lakhs from Rs. 7,994 lakhs. EPS fell to Rs. 63.33 from Rs. 78.81. The Board recommended a final dividend of Rs. 13 per share (130%) for shareholder approval at the AGM.
The appointment of Mr. Sameer Jain as CCO and subsequent Whole-Time Director marks a planned leadership transition ahead of Mr. Mittal's retirement. The company shows revenue growth but declining profitability, which investors may monitor closely alongside the dividend announcement.