Honda India Power Products Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
HONDAPOWER · price
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Honda India Power Products' board, meeting on August 12, 2025, approved unaudited Q1FY26 results with revenue from operations rising to ₹15,491 lakhs (vs ₹14,417 lakhs in Q1FY25, ~7.5% growth), while profit after tax was flat at ₹948 lakhs and EPS came in at ₹9.35. The board declared a hefty interim dividend of ₹100 per share (1000% on face value of ₹10), with a record date of August 21, 2025 and payment on or before September 11, 2025. The board also approved amending the Object Clause of the MOA to add a new line of business — design, development and manufacturing of an advanced electric motor unit branded 'eGX', aimed at noise- and emission-sensitive settings like hospitals, schools and indoor sites. The MOA change requires shareholder approval at the next AGM. Statutory auditors BSR & Co. LLP issued an unmodified limited review report on the results.
The 1000% interim dividend signals strong cash returns for shareholders and is a clear positive for income-focused investors, though flat PAT on higher revenue suggests margin pressure worth watching. The proposed move into electric motors opens a new growth lane aligned with sustainability and electrification trends, but execution and shareholder approval remain near-term milestones.