Disclosure of Voting Results of Postal Ballot
HONDAPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Honda India Power Products Ltd has disclosed the results of a postal ballot conducted via remote e-voting (April 1–30, 2026). All 8,698,400 shares (100% of outstanding) participated in voting. Two ordinary resolutions were passed with overwhelming shareholder approval: (1) Re-appointment and remuneration for Mr. Shigeki Iwama as CMD & President & CEO — passed with 99.84% in favour (8,684,773 votes) and only 0.16% against (13,627 votes) across 147 voters. (2) Payment of remuneration to Mr. Vinay Mittal as Whole Time Director — passed with 99.97% in favour (8,695,503 votes) and only 0.03% against (2,897 votes) across 147 voters. No invalid or abstained votes were recorded for either resolution. The scrutinizer, Saryu Munjal & Associates, confirmed both resolutions received the requisite majority.
Both director remuneration resolutions were overwhelmingly approved by shareholders, indicating strong support for the company's leadership compensation. The near-unanimous votes provide stability and reduce governance risk around key managerial personnel.