Honda India Power Products Limited has informed the Exchange about General Updates
HONDAPOWER · price
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Honda India Power Products has filed the Notice of its 40th AGM along with the Annual Report for FY2024-25. The AGM is scheduled for Thursday, September 25, 2025 at 10:45 AM through video conferencing. The Board has recommended a Final Dividend of Rs. 21.50 per equity share (215% on face value of Rs. 10), with the record date fixed at September 18, 2025 and the register of members closed from September 19-25, 2025. A key special resolution seeks shareholder approval to amend the Memorandum of Association to add the business of designing, manufacturing and servicing electric motor units and components, signalling a possible strategic entry into electric products. Other resolutions include the re-appointment of CMD Mr. Shigeki Iwama (retiring by rotation), appointment of M/s TVA & Co. LLP as Secretarial Auditor for 5 years (FY2025-26 to FY2029-30), ratification of Cost Auditor remuneration (Rs. 1.50 lakh), and approval of related party transactions with parent Honda Motor Co. Ltd., Japan for FY2026-27 aggregating roughly Rs. 16,490 lakhs (royalty Rs. 4,200 lakhs, raw material purchase Rs. 6,500 lakhs, export commission Rs. 2,500 lakhs, export sales Rs. 4,500 lakhs, among others).
Investors holding shares as of September 18, 2025 will receive the Rs. 21.50 final dividend within 30 days of AGM approval. The proposed MoA amendment to include electric motor business is a forward-looking diversification signal beyond traditional power products, while the RPT terms with Honda Japan remain unchanged in rate from prior years.