Honda India Power Products Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
HONDAPOWER · price
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At the AGM held on September 25, 2025, members of Honda India Power Products approved two key resolutions. First, a Special Resolution to alter the Object Clause of the Memorandum of Association to formally add a new business line: design, development, and manufacturing of an advanced electric motor unit branded as 'eGX', targeted at noise and emission sensitive environments like hospitals, schools, and indoor facilities. This change is subject to approval from the Registrar of Companies, Delhi & Haryana. Second, the company appointed M/s TVA & Co. LLP, a peer-reviewed firm of Company Secretaries, as its Secretarial Auditor for a 5-year term covering FY 2025-26 through FY 2029-30.
The MOA amendment signals a strategic diversification into electric motors aligned with sustainability trends, potentially opening a new growth vertical beyond conventional engine products. The long-term secretarial auditor appointment reflects stable governance practices. Both moves are positive for long-term shareholders but do not have an immediate effect on earnings or stock price.