Honda India Power Products Limited has informed the Exchange regarding Change in Auditors of the company.
HONDAPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved in line with Nifty Microcap 250 and in line with its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Honda India Power Products Limited reported FY2026 revenue from operations of ₹86,545 lakhs (up 9% from ₹79,423 lakhs in FY2025). Profit after tax stood at ₹6,424 lakhs vs ₹7,994 lakhs in the prior year, with the decline partly due to an exceptional item of ₹999 lakhs related to new labour codes (gratuity and compensated absences). The company recommended a final dividend of ₹23 per share (230%) for FY2026, payable after September 7, 2026. The Board appointed Mr. Sameer Jain as Chief Corporate Officer (effective July 1, 2026) and as Whole-Time Director (effective September 1, 2026), succeeding Mr. Vinay Mittal who retires on superannuation after September 30, 2026. Deloitte Haskins & Sells LLP and Das Patnaik & Co. were appointed as Internal Auditors for FY2026-27, replacing the previous internal auditor. B S R & Co. LLP continues as Statutory Auditors with an unmodified opinion. The headline mentions change in auditors, but the filing only documents internal auditor appointments, not a statutory auditor change.
The company delivered topline growth but saw profit decline due to labour code adjustments and challenging market conditions. Leadership transition in Q2 FY2027 with Mr. Jain taking over from Mr. Mittal appears planned and non-disruptive. Statutory auditor remains unchanged (B S R & Co. LLP).