Honda India Power Products Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 25, 2025
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Honda India Power Products has notified its 40th AGM to be held on Thursday, September 25, 2025 at 10:45 AM via video conferencing. Shareholders will consider adopting FY25 audited financials and declaring a final dividend of Rs. 21.50 per equity share (215% on face value of Rs. 10). Mr. Shigeki Iwama (CMD & President & CEO) retires by rotation and seeks re-appointment. A key special resolution seeks approval to amend the Memorandum of Association by inserting a new objects clause covering the design, development, manufacturing, assembly, sale, distribution and servicing of electric motor units — a notable signal of potential diversification beyond conventional power products. Other items include appointing M/s. TVA & Co. LLP as Secretarial Auditor for 5 years (FY 2025-26 to 2029-30 at Rs. 1 lakh per year), ratifying Cost Auditor remuneration of Rs. 1.5 lakh, and approving material related party transactions with parent Honda Motor Co. Ltd., Japan for FY 2026-27 — notably royalty of Rs. 4,200 lakhs (5.29% of FY25 turnover), export commission of Rs. 2,500 lakhs, raw material/components purchases of Rs. 6,500 lakhs, and export sales of Rs. 4,500 lakhs. Record date is September 18, 2025, with share transfer books closed from September 19 to 25, 2025.
The Rs. 21.50 final dividend is positive for income-oriented shareholders and signals steady profitability. The proposed MoA amendment to include electric motor manufacturing is a meaningful strategic signal hinting at future business diversification, though execution details are not yet disclosed. Material related party transactions with the Japanese parent are routine but highlight the company's continued operational dependence on Honda Motor Co., Japan.