Honda India Power Products Limited has informed the Exchange regarding Notice 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 has issued a Postal Ballot notice seeking shareholder approval via e-voting for two ordinary resolutions. Resolution 1 seeks re-appointment of Mr. Shigeki Iwama as Chairman, Managing Director and CEO for one year (April 1, 2026 to March 31, 2027), with a basic salary of Rs. 75,000 per month, salary reimbursement to Japan up to Rs. 20 lakh per month, and special allowance up to Rs. 12.5 lakh per month; his last drawn remuneration was approximately Rs. 262 lakh per annum. Resolution 2 seeks approval to pay remuneration to Whole Time Director Mr. Vinay Mittal for the six-month period from April 1, 2026 to September 30, 2026, with a basic salary not exceeding Rs. 9.26 lakh per month, housing allowance up to Rs. 4.63 lakh per month, and special allowance up to Rs. 1.98 lakh per month; his last drawn remuneration was approximately Rs. 276 lakh per annum. E-voting will run from April 1, 2026 to April 30, 2026, with results to be declared on or before May 4, 2026. The cut-off date for voting eligibility is March 27, 2026.
Both resolutions are ordinary business items seeking shareholder approval for the continuation of existing leadership with no change in their remuneration terms. These are routine governance approvals and are unlikely to have a material impact on the stock price, though they confirm continuity at the top management level.